Don McGuire - 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
-$3,799,659
Form type
4
Filing time
04 Sep 2024, 16:13:09 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 +5,164 +14% $0.000000 41,696 01 Sep 2024 Direct F1
transaction ADP Common Stock Options Exercise $657,608 +3,179 +7.6% $206.86 44,875 03 Sep 2024 Direct F2
transaction ADP Common Stock Sale $872,254 -3,179 -7.1% $274.38 41,696 03 Sep 2024 Direct F2
transaction ADP Common Stock Tax liability $2,927,405 -10,610 -25% $275.91 31,086 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 $657,608 -3,179 -33% $206.86 6,358 03 Sep 2024 Common Stock 3,179 $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 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.