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[Form 4] Automatic Data Processing Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Brian L. Michaud, an Executive Vice President and director of Automatic Data Processing Inc. (ADP), reported two Section 16 transactions. On 09/01/2025 he was awarded 2,111 restricted stock units (RSUs) issued at $0.00 that convert one-for-one to common stock and vest ratably over three years, bringing his beneficial ownership to 18,888.451 shares. On 09/02/2025 he disposed of 2,450.374 shares at a reported price of $304.05, leaving 16,438.077 shares beneficially owned after the sale. The Form 4 was signed by a power of attorney, David Kwon, on 09/03/2025.

Brian L. Michaud, vicepresidente esecutivo e amministratore di Automatic Data Processing Inc. (ADP), ha registrato due operazioni ai sensi della Sezione 16. Il 01/09/2025 gli sono state assegnate 2.111 unit脿 di azioni vincolate (RSU) emesse a $0,00 che si convertiscono una a una in azioni ordinarie e maturano pro rata in tre anni, portando la sua partecipazione effettiva a 18.888,451 azioni. Il 02/09/2025 ha ceduto 2.450,374 azioni a un prezzo dichiarato di $304,05, risultando con 16.438,077 azioni di propriet脿 effettiva dopo la vendita. Il Modulo 4 猫 stato firmato per procura, da David Kwon, il 03/09/2025.

Brian L. Michaud, vicepresidente ejecutivo y director de Automatic Data Processing Inc. (ADP), inform贸 dos transacciones bajo la Secci贸n 16. El 01/09/2025 se le otorgaron 2.111 unidades de acciones restringidas (RSU) emitidas a $0.00 que se convierten una a una en acciones ordinarias y se consolidan prorrateadas a lo largo de tres a帽os, elevando su participaci贸n beneficiaria a 18.888,451 acciones. El 02/09/2025 dispon铆a de 2.450,374 acciones a un precio declarado de $304.05, quedando con 16.438,077 acciones en propiedad beneficiaria tras la venta. El Formulario 4 fue firmado por poder, David Kwon, el 03/09/2025.

敫岆澕鞚挫柛 L. 氙胳嚰霌�(Brian L. Michaud)鞌姅 Automatic Data Processing Inc.(ADP)鞚� 攵�靷灔 瓴� 鞚挫偓搿滌劀 靹轨厴 16 甏�霠� 霊� 瓯挫潣 瓯半灅毳� 鞁犼碃頄堨姷雼堧嫟. 2025雲� 9鞗� 1鞚检棎 2,111臧滌潣 鞝滍暅攵�欤检嫕雼渼(RSU)毳� 靾橃棳氚涭晿鞙茧┌, 頃措嫻 RSU電� $0.00搿� 氚滍枆霅橃柎 氤错喌欤茧 1雽�1 鞝勴櫂霅橁碃 3雲勳棎 瓯胳硱 牍勲頃橃棳 甓岆Μ頇曥爼(氩犾姢韺�)霅橃柎 攴胳潣 鞁れ鞝� 氤挫湢欤检嫕鞚� 18,888.451欤�臧� 霅橃棃鞀惦媹雼�. 2025雲� 9鞗� 2鞚检棎電� 2,450.374欤茧ゼ 觳橂秳頄堨溂氅� 鞁犼碃霅� 毵る弰臧�電� $304.05搿�, 毵る弰 頉� 鞁れ 氤挫湢欤检嫕鞚� 16,438.077欤�鞛呺媹雼�. Form 4電� 2025雲� 9鞗� 3鞚� 雽�毽澑鞚� David Kwon鞚� 鞙勳瀯靹� 靹滊獏鞙茧 鞝滌稖霅橃棃鞀惦媹雼�.

Brian L. Michaud, vice-pr茅sident ex茅cutif et administrateur d'Automatic Data Processing Inc. (ADP), a d茅clar茅 deux op茅rations au titre de la Section 16. Le 01/09/2025, il s'est vu attribuer 2 111 unit茅s d'actions restreintes (RSU) 茅mises 脿 0,00 $ qui se convertissent une pour une en actions ordinaires et acqui猫rent des droits au prorata sur trois ans, portant sa d茅tention b茅n茅ficiaire 脿 18 888,451 actions. Le 02/09/2025, il a c茅d茅 2 450,374 actions 脿 un prix d茅clar茅 de 304,05 $, laissant 16 438,077 actions en d茅tention b茅n茅ficiaire apr猫s la vente. Le formulaire 4 a 茅t茅 sign茅 par procuration, par David Kwon, le 03/09/2025.

Brian L. Michaud, Executive Vice President und Direktor von Automatic Data Processing Inc. (ADP), meldete zwei Transaktionen nach Section 16. Am 01.09.2025 wurden ihm 2.111 Restricted Stock Units (RSUs) zugewiesen, ausgegeben zu $0,00, die eins zu eins in Stammaktien wandelbar sind und ratierlich 眉ber drei Jahre vesten, wodurch sein wirtschaftlicher Besitz auf 18.888,451 Aktien anwuchs. Am 02.09.2025 verkaufte er 2.450,374 Aktien zu einem gemeldeten Preis von $304,05, womit nach dem Verkauf 16.438,077 Aktien wirtschaftlich gehalten wurden. Das Formular 4 wurde am 03.09.2025 per Vollmacht von David Kwon unterzeichnet.

Positive
  • RSU award disclosed (2,111 RSUs) with clear vesting: converts one-for-one and vests ratably over three years
  • Filing includes power of attorney signature, indicating the report was executed and submitted in accordance with procedures
Negative
  • Sale of 2,450.374 shares on 09/02/2025 at $304.05 reduced beneficial ownership to 16,438.077 shares

Insights

TL;DR Routine insider award plus an open-market sale; net holding modestly reduced.

The 09/01/2025 grant of 2,111 RSUs is a typical compensation event for an executive and vests over three years, representing future equity-delivery rather than immediate dilution. The 09/02/2025 disposition of 2,450.374 shares at $304.05 reduced the reporting person鈥檚 direct holdings to 16,438.077 shares. On balance this filing signals standard executive compensation and portfolio liquidity activity rather than a material corporate development.

TL;DR Transactions appear compliant and routine; RSU vesting schedule disclosed.

The Form 4 discloses both a zero-priced RSU award with a clear vesting schedule and a separate sale reported under a standard transaction code. The filing names the reporting person as Executive VP and director and includes a power-of-attorney signature, indicating procedural compliance. No change in control, new agreements, or other governance actions are disclosed.

Brian L. Michaud, vicepresidente esecutivo e amministratore di Automatic Data Processing Inc. (ADP), ha registrato due operazioni ai sensi della Sezione 16. Il 01/09/2025 gli sono state assegnate 2.111 unit脿 di azioni vincolate (RSU) emesse a $0,00 che si convertiscono una a una in azioni ordinarie e maturano pro rata in tre anni, portando la sua partecipazione effettiva a 18.888,451 azioni. Il 02/09/2025 ha ceduto 2.450,374 azioni a un prezzo dichiarato di $304,05, risultando con 16.438,077 azioni di propriet脿 effettiva dopo la vendita. Il Modulo 4 猫 stato firmato per procura, da David Kwon, il 03/09/2025.

Brian L. Michaud, vicepresidente ejecutivo y director de Automatic Data Processing Inc. (ADP), inform贸 dos transacciones bajo la Secci贸n 16. El 01/09/2025 se le otorgaron 2.111 unidades de acciones restringidas (RSU) emitidas a $0.00 que se convierten una a una en acciones ordinarias y se consolidan prorrateadas a lo largo de tres a帽os, elevando su participaci贸n beneficiaria a 18.888,451 acciones. El 02/09/2025 dispon铆a de 2.450,374 acciones a un precio declarado de $304.05, quedando con 16.438,077 acciones en propiedad beneficiaria tras la venta. El Formulario 4 fue firmado por poder, David Kwon, el 03/09/2025.

敫岆澕鞚挫柛 L. 氙胳嚰霌�(Brian L. Michaud)鞌姅 Automatic Data Processing Inc.(ADP)鞚� 攵�靷灔 瓴� 鞚挫偓搿滌劀 靹轨厴 16 甏�霠� 霊� 瓯挫潣 瓯半灅毳� 鞁犼碃頄堨姷雼堧嫟. 2025雲� 9鞗� 1鞚检棎 2,111臧滌潣 鞝滍暅攵�欤检嫕雼渼(RSU)毳� 靾橃棳氚涭晿鞙茧┌, 頃措嫻 RSU電� $0.00搿� 氚滍枆霅橃柎 氤错喌欤茧 1雽�1 鞝勴櫂霅橁碃 3雲勳棎 瓯胳硱 牍勲頃橃棳 甓岆Μ頇曥爼(氩犾姢韺�)霅橃柎 攴胳潣 鞁れ鞝� 氤挫湢欤检嫕鞚� 18,888.451欤�臧� 霅橃棃鞀惦媹雼�. 2025雲� 9鞗� 2鞚检棎電� 2,450.374欤茧ゼ 觳橂秳頄堨溂氅� 鞁犼碃霅� 毵る弰臧�電� $304.05搿�, 毵る弰 頉� 鞁れ 氤挫湢欤检嫕鞚� 16,438.077欤�鞛呺媹雼�. Form 4電� 2025雲� 9鞗� 3鞚� 雽�毽澑鞚� David Kwon鞚� 鞙勳瀯靹� 靹滊獏鞙茧 鞝滌稖霅橃棃鞀惦媹雼�.

Brian L. Michaud, vice-pr茅sident ex茅cutif et administrateur d'Automatic Data Processing Inc. (ADP), a d茅clar茅 deux op茅rations au titre de la Section 16. Le 01/09/2025, il s'est vu attribuer 2 111 unit茅s d'actions restreintes (RSU) 茅mises 脿 0,00 $ qui se convertissent une pour une en actions ordinaires et acqui猫rent des droits au prorata sur trois ans, portant sa d茅tention b茅n茅ficiaire 脿 18 888,451 actions. Le 02/09/2025, il a c茅d茅 2 450,374 actions 脿 un prix d茅clar茅 de 304,05 $, laissant 16 438,077 actions en d茅tention b茅n茅ficiaire apr猫s la vente. Le formulaire 4 a 茅t茅 sign茅 par procuration, par David Kwon, le 03/09/2025.

Brian L. Michaud, Executive Vice President und Direktor von Automatic Data Processing Inc. (ADP), meldete zwei Transaktionen nach Section 16. Am 01.09.2025 wurden ihm 2.111 Restricted Stock Units (RSUs) zugewiesen, ausgegeben zu $0,00, die eins zu eins in Stammaktien wandelbar sind und ratierlich 眉ber drei Jahre vesten, wodurch sein wirtschaftlicher Besitz auf 18.888,451 Aktien anwuchs. Am 02.09.2025 verkaufte er 2.450,374 Aktien zu einem gemeldeten Preis von $304,05, womit nach dem Verkauf 16.438,077 Aktien wirtschaftlich gehalten wurden. Das Formular 4 wurde am 03.09.2025 per Vollmacht von David Kwon unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Michaud Brian L.
(Last) (First) (Middle)
ONE ADP BOULEVARD
(Street)
ROSELAND NJ 07068
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AUTOMATIC DATA PROCESSING INC [ ADP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/01/2025 A 2,111(1) A $0.0000 18,888.451 D
Common Stock 09/02/2025 F 2,450.374 D $304.05 16,438.077 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
David Kwon (POA on File) 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What insider transactions did ADP (ADP) Executive VP Brian L. Michaud report?

The Form 4 shows a 09/01/2025 award of 2,111 RSUs (zero price, vesting over three years) and a 09/02/2025 disposition of 2,450.374 shares at $304.05.

How many ADP shares does Brian L. Michaud beneficially own after these transactions?

Following the reported transactions, he beneficially owns 16,438.077 shares.

What are the terms of the RSUs granted to Brian L. Michaud?

The RSUs convert one-for-one into common stock and vest ratably over three years, per the filing explanation.

When was the Form 4 filed and who signed it?

The Form 4 lists transaction dates of 09/01/2025 and 09/02/2025, and it was signed by David Kwon (POA) on 09/03/2025.

What was the price of the shares sold by Brian L. Michaud?

The reported sale price was $304.05 per share for the 2,450.374 shares disposed of on 09/02/2025.
Stock ADP logo
Automatic Data Processing Inc

NASDAQ:ADP

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#1533 Ranked by Dividends

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[Form 4] Automatic Data Processing Insider Trading Activity

ADP Stock Data

121.99B
404.26M
0.18%
85.33%
1.27%
Software - Application
Services-computer Processing & Data Preparation
United States
ROSELAND