Joseph DeSilva - Feb 22, 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 22, 2024
Transactions value $
-$485,520
Form type
4
Date filed
2/23/2024, 04:27 PM
Previous filing
Sep 6, 2023
Next filing
Jun 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $264K +1.9K +11.08% $138.53 19.1K Feb 22, 2024 Direct F1
transaction ADP Common Stock Sale -$486K -1.9K -9.98% $255.00 17.2K Feb 22, 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 -$264K -1.9K -49.99% $138.53 1.91K Feb 22, 2024 Common Stock 1.9K $138.53 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.