Maria Black - Sep 1, 2023 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
President & CEO
Signature
David Kwon (POA on File)
Stock symbol
ADP
Transactions as of
Sep 1, 2023
Transactions value $
-$8,594,496
Form type
4
Date filed
9/6/2023, 04:12 PM
Previous filing
Aug 7, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Award $0 +14.1K +26.07% $0.00 68.1K Sep 1, 2023 Direct F1
transaction ADP Common Stock Options Exercise $1.58M +11.4K +16.78% $138.53 79.5K Sep 1, 2023 Direct F2
transaction ADP Common Stock Options Exercise $1.46M +8.61K +10.83% $169.84 88.1K Sep 1, 2023 Direct F2
transaction ADP Common Stock Sale -$1.95M -7.65K -8.68% $255.08 80.5K Sep 1, 2023 Direct F2
transaction ADP Common Stock Sale -$2.47M -9.68K -12.03% $255.00 70.8K Sep 1, 2023 Direct F2
transaction ADP Common Stock Tax liability -$3.42M -13.4K -18.91% $255.75 57.4K Sep 1, 2023 Direct
transaction ADP Common Stock Sale -$752K -2.96K -5.16% $253.90 54.4K Sep 5, 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 -$1.46M -8.61K -100% $169.84 0 Sep 1, 2023 Common Stock 8.61K $169.84 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise -$1.58M -11.4K -50% $138.53 11.4K Sep 1, 2023 Common Stock 11.4K $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.