Michael A. Bonarti - 23 Aug 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Issuer symbol
ADP
Transactions as of
23 Aug 2024
Net transactions value
-$9,321,652
Form type
4
Filing time
27 Aug 2024, 16:44:59 UTC
Previous filing
09 Aug 2024
Next filing
04 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Options Exercise $1,356,003 +7,984 +9% $169.84 96,410 23 Aug 2024 Direct F1
transaction ADP Common Stock Sale $2,156,901 -7,984 -8.3% $270.15 88,426 23 Aug 2024 Direct F1
transaction ADP Common Stock Options Exercise $4,490,909 +26,442 +30% $169.84 114,868 26 Aug 2024 Direct F1
transaction ADP Common Stock Sale $1,069,414 -3,940 -3.4% $271.42 110,928 26 Aug 2024 Direct F1
transaction ADP Common Stock Sale $6,095,337 -22,502 -20% $270.88 88,426 26 Aug 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 $1,356,003 -7,984 -23% $169.84 26,442 23 Aug 2024 Common Stock 7,984 $169.84 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise $4,490,909 -26,442 -100% $169.84 0 26 Aug 2024 Common Stock 26,442 $169.84 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.