David Kwon - 01 Feb 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
Corp VP
Signature
/s/ David Kwon
Issuer symbol
ADP
Transactions as of
01 Feb 2024
Transactions value $
-$287,385
Form type
4
Filing time
05 Feb 2024, 16:26:48 UTC
Previous filing
04 Jan 2024
Next filing
08 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $129K +1.2K +14.72% $107.35 9.35K 01 Feb 2024 Direct F1
transaction ADP Common Stock Sale -$49K -200 -2.14% $245.00 9.15K 01 Feb 2024 Direct F1
transaction ADP Common Stock Sale -$238K -973 -10.63% $245.00 8.18K 01 Feb 2024 Direct F1

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 -$129K -1.2K -100% $107.35 0 01 Feb 2024 Common Stock 1.2K $107.35 Direct
* 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 2023.