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ADP Director Carlos A. Rodriguez Sells $3.39M in Common Stock Under Rule 10b5-1 Plan
AUTOMATIC DATA PROCESSING INC
$ADP4CIK: 0000008670
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Filing Summary
# Insider Trade Alert: AUTOMATIC DATA PROCESSING INC ($ADP)
**Insider:** Rodriguez Carlos A (Director)
**Transaction Date:** November 02, 2026
**Action:** Sold 11,305 shares of Common Stock
**Average Price:** ~$300.05 per share
**Total Transaction Value:** $3,392,060.80
**Post-Transaction Direct Ownership:** 22,873.30 shares (plus 13,813.00 indirect shares held by Trust)
**Notes:** Transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted in September 2025.
Comprehensive Analysis
Executive Summary
On November 2, 2026, Carlos A. Rodriguez, Director at Automatic Data Processing Inc (NASDAQ: ADP), disposed of a total of 11,305 shares of ADP Common Stock in five transactions at a weighted average price of approximately $300.05 per share, generating gross proceeds of approximately $3.39 million.
Transaction Breakdown
- Security: Common Stock
- Transaction Type: Open Market Sale (Code
S) - Shares Sold: 11,305 shares across multiple tranches:
- 537 shares at $300.0235
- 539 shares at $300.0274
- 3,345 shares at $300.0392
- 3,426 shares at $300.0646
- 3,458 shares at $300.0639
- Aggregate Consideration: $3,392,060.80
Ownership Context & Plan Details
- Rule 10b5-1 Trading Plan: The transactions were effected under a pre-established Rule 10b5-1 trading plan adopted by Mr. Rodriguez in September 2025, suggesting routine portfolio diversification rather than discretionary market timing.
- Direct Holdings Post-Sale: 22,873.3041 shares
- Indirect Holdings: 13,813 shares held by Trust
- Total Beneficial Ownership Remaining: 36,686.3041 shares (~$11.0 million market value at current prices)
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