Form 4: ADP VP Michael Bonarti Receives RSU Grant, Sells Shares for Tax

Automatic Data Processing's Corporate Vice President, Michael A. Bonarti, acquired restricted stock units and disposed of shares for tax obligations.

Summary

• Michael A. Bonarti, Corporate Vice President of Automatic Data Processing Inc. (ADP), reported transactions in company common stock.
• On September 1, 2025, Bonarti acquired 3,817 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs are convertible into common stock on a one-for-one basis and vest ratably over three years.
• On September 2, 2025, Bonarti disposed of 9,030.942 shares of common stock at a price of $304.05 per share.
• Following these transactions, Bonarti beneficially owns 89,259.432 shares of common stock directly.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity grant and subsequent tax-related share disposition for a corporate vice president. The grant of RSUs is a positive for executive alignment, while the disposition is a standard, non-discretionary event.

Positives

• Michael A. Bonarti received a grant of 3,817 restricted stock units, indicating continued equity-based compensation and alignment with shareholder interests.
• The restricted stock units vest ratably over three years, providing a long-term incentive for the Corporate Vice President.

Negatives

• Michael A. Bonarti disposed of 9,030.942 shares of common stock, likely for tax withholding purposes related to the vesting of equity awards.

Future Outlook

NA

Industry Context

This filing reflects routine executive compensation practices within the human capital management and payroll services industry, where equity awards like restricted stock units are common for aligning management incentives with company performance.

Stakeholder Impact

• Shareholders: The grant of restricted stock units aligns executive incentives with shareholder value creation over the long term.
• Employees: Reflects standard executive compensation practices, which can influence broader compensation strategies within the company.

Next Steps

• The restricted stock units will vest ratably over three years, leading to future share issuances.

Key Dates

Keywords

Automatic Data Processing, ADP, Form 4, Insider Trading, Restricted Stock Units, Equity Compensation, Executive Compensation, Michael Bonarti, Share Disposition, Corporate Vice President