ADP Officer Joseph DeSilva Files Form 144 to Sell $1.84M in Common Stock
AUTOMATIC DATA PROCESSING INC
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Filing Summary
Form 144 Notice of Proposed Sale of Securities Issuer: AUTOMATIC DATA PROCESSING INC ($ADP) Insider: Joseph DeSilva (Officer) Shares Proposed for Sale: 6,512 Aggregate Market Value: $1,842,896.00 Approximate Sale Date: September 2, 2026 Trading Plan: Rule 10b5-1 Plan adopted on September 3, 2025 Nature of Acquisition: Restricted Stock Vesting on September 1, 2026
Comprehensive Analysis
Executive Summary
On September 2, 2026, Joseph DeSilva, an Officer at Automatic Data Processing, Inc. ($ADP), filed Form 144 indicating a proposed sale of 6,512 shares of common stock with an estimated aggregate market value of $1,842,896.00 (~$283.00 per share).
Transaction Details
- Filer: Joseph DeSilva
- Relationship: Officer
- Security: Common Stock
- Proposed Sale Volume: 6,512 shares
- Broker: Fidelity Brokerage Services LLC
- Approximate Sale Date: September 2, 2026
- Acquisition Origin: The shares were acquired on September 1, 2026, via restricted stock unit (RSU) vesting as compensation.
Trading Significance
- Significance Level: Low
- Context & Rule 10b5-1 Plan: The proposed sale is executed pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted on September 3, 2025. Given that this is a routine equity compensation disposition following RSU vesting under an established trading plan, it does not typically reflect a shift in insider sentiment regarding ADP's operational outlook.
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