Maria Black - 30 Jun 2023 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
30 Jun 2023
Net transactions value
-$1,750,498
Form type
4
Filing time
05 Jul 2023, 16:32:22 UTC
Previous filing
03 Jan 2023
Next filing
07 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Tax liability $1,368,193 -6,225 -17% $219.79 31,485 30 Jun 2023 Direct
transaction ADP Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $10,927 +52 +0.17% $208.80 31,538 01 Jul 2023 Direct
transaction ADP Common Stock Sale $393,232 -1,802 -5.7% $218.22 29,736 03 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2022.