John Ayala - Jun 30, 2023 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
Corp. VP
Signature
David Kwon (POA on File)
Stock symbol
ADP
Transactions as of
Jun 30, 2023
Transactions value $
-$2,547,447
Form type
4
Date filed
7/5/2023, 04:32 PM
Previous filing
Sep 6, 2022
Next filing
Aug 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Tax liability -$1.37M -6.22K -21.65% $219.79 22.5K Jun 30, 2023 Direct
transaction ADP Common Stock Sale -$1.18M -5.41K -24.02% $218.22 17.1K Jul 3, 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.