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Automatic Data Processing Director Carlos A. Rodriguez Files Form 144 to Sell $3.39M in Common Stock
AUTOMATIC DATA PROCESSING INC
$ADP144CIK: 0000008670
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Filing Summary
Proposed sale of 11,305 shares of Common Stock valued at ~$3.39M by Director Carlos A. Rodriguez under a Rule 10b5-1 plan adopted on 09/03/2025.
Comprehensive Analysis
Executive Summary:
- Issuer: Automatic Data Processing Inc ($ADP)
- Reporting Person: Carlos A. Rodriguez (Director)
- Filing Form: Form 144 (Notice of Proposed Sale of Securities)
- Transaction Size: 11,305 shares totaling approximately $3,392,101.47 (approx. $300.05 per share)
- Trading Plan: Conducted under a Rule 10b5-1 trading plan adopted on September 3, 2025.
Origin of Shares:
- The shares were originally acquired on September 1, 2026, via restricted stock vesting as part of equity compensation from the issuer.
Significance:
- Medium significance given the total dollar value ($3.39M) and the filer's position as Director (and former long-time CEO of ADP). The pre-established Rule 10b5-1 trading plan mitigates concerns regarding discretionary timing.
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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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
