Joseph DeSilva - 01 Sep 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 Sep 2024
Net transactions value
-$1,903,072
Form type
4
Filing time
04 Sep 2024, 16:13:01 UTC
Previous filing
09 Aug 2024
Next filing
06 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Award $0 +3,874 +16% $0.000000 27,826 01 Sep 2024 Direct F1
transaction ADP Common Stock Options Exercise $263,900 +1,905 +6.8% $138.53 29,731 03 Sep 2024 Direct F2
transaction ADP Common Stock Sale $522,694 -1,905 -6.4% $274.38 27,826 03 Sep 2024 Direct F2
transaction ADP Common Stock Tax liability $1,380,378 -5,003 -18% $275.91 22,823 03 Sep 2024 Direct

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 $263,900 -1,905 -100% $138.53 0 03 Sep 2024 Common Stock 1,905 $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 In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest ratably over 3 years.
F2 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.