ADP Officer Michael A. Bonarti Files Form 144 to Sell $2.25M in Common Stock
AUTOMATIC DATA PROCESSING INC
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Filing Summary
📢 Form 144 Notice: Automatic Data Processing Inc ($ADP)
• Insider: Michael A. Bonarti (Officer) • Proposed Sale: 7,487 shares ($2,246,100 est. value) • Broker: Fidelity Brokerage Services LLC • Plan Adoption Date: 2025-09-03 • Approx. Sale Date: 2026-11-02
Comprehensive Analysis
Executive Summary
On November 2, 2026, Automatic Data Processing Inc ($ADP) officer Michael A. Bonarti filed a Form 144 notice disclosing the proposed sale of 7,487 shares of common stock through Fidelity Brokerage Services LLC. The aggregate market value of the proposed transaction is approximately $2,246,100, representing an estimated average price of $300.00 per share.
Transaction Details
- Security: Common Stock
- Shares to be Sold: 7,487
- Estimated Aggregate Market Value: $2,246,100.00
- Nature of Acquisition: Restricted Stock Vesting (acquired on September 1, 2026 as compensation)
- Rule 10b5-1 Plan Adoption: September 3, 2025
- Approximate Sale Date: November 2, 2026
Impact and Context
The proposed sale represents a negligible fraction (less than 0.01%) of the issuer's 394,759,432 outstanding common shares. Given that the sale is executed pursuant to a pre-established Rule 10b5-1 trading plan adopted over a year prior (September 3, 2025) and originates from equity compensation vesting, this transaction carries low signaling risk and reflects standard executive portfolio diversification.
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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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