ADP's Maria Black plans $8.4M stock sale
Maria Black’s Rule 144 proposal would sell up to 29,810 ADP shares, with an indicated market value of about $8.44M as of Sept. 2.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) has a notice of proposed sale under Rule 144 filed on behalf of Maria Black for up to 29,810 shares of ADP common stock. The shares were acquired from the issuer on September 1, 2026 through restricted stock vesting and are to be sold through Fidelity Brokerage Services LLC, with an indicated aggregate market value of $8,436,230 as of September 2, 2026 on NASDAQ.
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Key Figures
Shares proposed to be sold: 29,810 shares
Aggregate market value: $8,436,230
Acquisition date of shares: September 1, 2026
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4 metrics
Shares proposed to be sold
29,810 shares
Maximum amount of ADP common stock covered by the Rule 144 notice
Aggregate market value
$8,436,230
Value of 29,810 ADP shares as of September 2, 2026 on NASDAQ
Acquisition date of shares
September 1, 2026
Date the ADP shares were acquired via restricted stock vesting
Security type
Common stock
Class of ADP securities covered by the Form 144 notice
Key Terms
Rule 144, restricted stock vesting, attorney-in-fact, compensation
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 09/01/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Maria Black"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
compensation financial
"09/01/2026 | Compensation"
FAQ
AI-generated analysis. How Rhea-AI works. Not financial advice.