Don McGuire - Feb 1, 2024 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
Feb 1, 2024
Transactions value $
-$2,776,585
Form type
4
Date filed
2/5/2024, 04:26 PM
Previous filing
Dec 12, 2023
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $552K +3.98K +19.38% $138.53 24.5K Feb 1, 2024 Direct F1
transaction ADP Common Stock Options Exercise $600K +3.54K +14.41% $169.84 28.1K Feb 1, 2024 Direct F1
transaction ADP Common Stock Options Exercise $657K +3.18K +11.33% $206.86 31.2K Feb 1, 2024 Direct F1
transaction ADP Common Stock Sale -$156K -638 -2.04% $245.00 30.6K Feb 1, 2024 Direct F1
transaction ADP Common Stock Sale -$779K -3.18K -10.39% $245.00 27.4K Feb 1, 2024 Direct F1
transaction ADP Common Stock Sale -$866K -3.54K -12.89% $245.00 23.9K Feb 1, 2024 Direct F1
transaction ADP Common Stock Sale -$976K -3.98K -16.67% $245.00 19.9K Feb 1, 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 -$600K -3.54K -100% $169.84 0 Feb 1, 2024 Common Stock 3.54K $169.84 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise -$552K -3.98K -50% $138.53 3.98K Feb 1, 2024 Common Stock 3.98K $138.53 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise -$657K -3.18K -24.99% $206.86 9.54K Feb 1, 2024 Common Stock 3.18K $206.86 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.