Sreenivasa Kutam - 01 Mar 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Role
Corp VP
Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
01 Mar 2024
Net transactions value
-$264,004
Form type
4
Filing time
05 Mar 2024, 16:12:46 UTC
Previous filing
12 Jan 2024
Next filing
09 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Sale $173,104 -694 -3.2% $249.43 20,687 01 Mar 2024 Direct F1
transaction ADP Common Stock Sale $90,900 -368 -1.8% $247.01 20,319 04 Mar 2024 Direct F1
* 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.