ADP Officer David Foskett Files Form 144 to Sell $432.7K in Common Stock
AUTOMATIC DATA PROCESSING INC
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Filing Summary
Form 144 Filing Alert: AUTOMATIC DATA PROCESSING INC ($ADP) • Insider: David Foskett (Officer) • Proposed Sale: 1,529 Common Shares (~$432,707.00) • Approx. Sale Date: 09/02/2026 • Acquisition Source: Restricted Stock Vesting (09/01/2026) • Trading Plan: Rule 10b5-1 plan adopted on 09/05/2025 • Significance: Low
Comprehensive Analysis
Form 144 Overview: Automatic Data Processing Inc ($ADP)
David Foskett, an Officer of Automatic Data Processing Inc, has filed a Form 144 notice of proposed sale covering 1,529 shares of common stock with an estimated aggregate market value of $432,707.00.
Key Details:
- Filer: David Foskett (Officer)
- Securities to be Sold: 1,529 Common Shares
- Estimated Price per Share: ~$283.00
- Approximate Sale Date: September 2, 2026
- Broker: Fidelity Brokerage Services LLC
- Origin of Shares: Acquired on September 1, 2026, via restricted stock vesting as part of executive compensation.
- Pre-Arranged Trading Plan: The transaction is executed under a Rule 10b5-1 trading plan adopted on September 5, 2025.
Trading Significance:
- Low: The proposed sale represents a routine liquidation of recently vested equity compensation under a pre-established Rule 10b5-1 trading plan. Given the modest transaction size relative to ADP's total outstanding shares (397,262,737), the filing is unlikely to carry significant market impact.
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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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