ADP Corporate Vice President Michael A. Bonarti Sells $2.25M Under Rule 10b5-1 Plan
AUTOMATIC DATA PROCESSING INC
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Filing Summary
=== SEC FORM 4 INSIDER FILING ===
Company: AUTOMATIC DATA PROCESSING INC ($ADP)
Insider: Michael A. Bonarti
Title: Corporate Vice President
Transaction: Sale (Code: S)
Date: 2026-11-02
Shares Sold: 7,487
Price: $300.00
Total Value: $2,246,100.00
Remaining: 81,849.332 shares
Type: Rule 10b5-1 Plan
Significance: Low
Comprehensive Analysis
Executive Summary
On November 2, 2026, Michael A. Bonarti, Corporate Vice President of Automatic Data Processing Inc (NASDAQ: ADP), executed an open-market sale of 7,487 shares of common stock at a price of $300.00 per share, generating aggregate proceeds of approximately $2.25 million.
Transaction Details
- Security: Common Stock
- Transaction Code: S (Open-market sale)
- Shares Sold: 7,487 shares
- Execution Price: $300.00 per share
- Gross Proceeds: $2,246,100.00
- Ownership Post-Transaction: 81,849.332 direct shares remaining
10b5-1 Plan & Context
The transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan established in September 2025. Because the sale was carried out under a pre-scheduled trading plan and the insider continues to retain over 91% of their direct equity position (81,849 shares worth approximately $24.5 million), the market significance of this trade is classified as Low.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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