Maria Black - 01 Sep 2023 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
01 Sep 2023
Net transactions value
-$8,594,496
Form type
4
Filing time
06 Sep 2023, 16:12:33 UTC
Previous filing
07 Aug 2023
Next filing
03 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Award $0 +14,076 +26% $0.000000 68,075 01 Sep 2023 Direct F1
transaction ADP Common Stock Options Exercise $1,582,844 +11,426 +17% $138.53 79,501 01 Sep 2023 Direct F2
transaction ADP Common Stock Options Exercise $1,461,813 +8,607 +11% $169.84 88,108 01 Sep 2023 Direct F2
transaction ADP Common Stock Sale $1,950,577 -7,647 -8.7% $255.08 80,461 01 Sep 2023 Direct F2
transaction ADP Common Stock Sale $2,468,144 -9,679 -12% $255.00 70,782 01 Sep 2023 Direct F2
transaction ADP Common Stock Tax liability $3,423,470 -13,386 -19% $255.75 57,396 01 Sep 2023 Direct
transaction ADP Common Stock Sale $752,306 -2,963 -5.2% $253.90 54,433 05 Sep 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADP Stock Option (Right to Buy) Options Exercise $1,461,813 -8,607 -100% $169.84 0 01 Sep 2023 Common Stock 8,607 $169.84 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise $1,582,844 -11,426 -50% $138.53 11,427 01 Sep 2023 Common Stock 11,426 $138.53 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest ratably over 3 years.
F2 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.