Schwab posted the shares to my account on Monday (4/2). What was strange is that they took 2/3 of them away on Wednesday. Full disclosure: I sold 2/3 of my ADP on Tuesday (4/3), so even though the trade doesn't settle until the 9th, shares vanished! Apparently the "Record Date," "Pay Date," and "Ex-date" were out of order, so even though I thought I was entitled to the BR as of 3/23, that seems not to be the case.
Mine showed up today, equilvalent to the 4:1 ratio. ADP went down a few bucks and BR closed at $19 and change, so as of today's close we are technically about 4% ahead because the ADP decline today was less than the 4:1 ratio
Kodiak got his because he is an ADP employee and they already added his shares to his 401K but the rest of us have to wait I believe until April 9th. At least that's how long my broker said the blackout period would be before the shares go into my account.
I received mine and I'm not an employee.
I understand that for every four shares of ADP, you will receive one share of Broadridge. However, one thing I noticed is they do not seem to be distributing fractional shares of Broadridge if your shares are not divisible by four.
For example, if you held 5 shares of ADP, you would receive one share of Broadridge rather than 1.25. Not a big deal, but seems odd.