ADP Officer Joseph DeSilva Files Form 144 to Sell $178K in Common Stock Under Rule 10b5-1
AUTOMATIC DATA PROCESSING INC
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Filing Summary
Form 144 Filing Alert: AUTOMATIC DATA PROCESSING INC ($ADP)
Insider: Joseph DeSilva (Officer) Proposed Sale: 631 shares (~$178,490.97) Approx. Sale Date: 09/03/2026 Broker: Fidelity Brokerage Services LLC Plan Date: 09/03/2025 (Rule 10b5-1 Plan) Acquisition Source: Restricted Stock Vesting (09/01/2026)
Comprehensive Analysis
Insider Filing Analysis: Form 144 Summary
Automatic Data Processing, Inc. (NASDAQ: ADP) officer Joseph DeSilva has filed a Form 144 notice of proposed sale covering 631 shares of common stock with an aggregate market value of approximately $178,490.97 (implied price of ~$282.87 per share).
Key Details:
- Filer: Joseph DeSilva, Officer
- Shares to be Sold: 631 shares
- Approximate Sale Date: September 3, 2026
- Broker: Fidelity Brokerage Services LLC
- Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on September 3, 2025.
- Origin of Shares: Acquired on September 1, 2026, via restricted stock vesting as part of executive compensation.
Prior 3-Month Activity:
- Sold 6,512 shares on September 2, 2026, for gross proceeds of $1,842,896.00.
Market Context & Significance:
- Low Significance: The proposed transaction of 631 shares is modest relative to total shares outstanding (397,262,737 shares) and follows a pre-scheduled Rule 10b5-1 trading plan adopted a year prior, typically used for routine tax-withholding or diversification following equity vesting.
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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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