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Automatic Data Processing (NASDAQ: ADP) officer to sell 120 shares

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

AUTOMATIC DATA PROCESSING INC (ADP) received a notice that Brian L. Michaud, an officer, intends to sell 120 shares of ADP common stock under Rule 144. The shares are held at Fidelity Brokerage Services LLC, have an indicated value of $33,564.00, were acquired via an ESPP purchase on 06/30/2017, and are listed on NASDAQ.

Positive

  • None.

Negative

  • None.
Shares to be sold 120 shares of common stock Planned sale under Rule 144 for Brian L. Michaud
Indicated value $33,564.00 Value associated with the 120 ADP common shares in the securities information
Security identification number 397262737 Identifier listed with the ADP common stock in the securities information section
Acquisition date 06/30/2017 Date the 120 shares were acquired via ESPP Purchase
Proposed sale-related date 08/21/2026 Date appearing with the securities information and signature section
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.
ESPP Purchase financial
"Common | 06/30/2017 | ESPP Purchase | Issuer"
attorney-in-fact regulatory
"as attorney-in-fact for Brian L. Michaud."
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.

FAQ

What does the Form 144 filing disclose for ADP?

It discloses that Brian L. Michaud, an officer, plans to sell 120 shares of AUTOMATIC DATA PROCESSING INC (ADP) common stock under Rule 144, with the shares held at Fidelity Brokerage Services LLC and acquired via an ESPP purchase on 06/30/2017.

How many ADP shares are planned to be sold under this Form 144?

The notice covers a proposed sale of 120 shares of ADP common stock. These shares are currently held at Fidelity Brokerage Services LLC and were originally acquired through an Employee Stock Purchase Plan (ESPP) purchase on 06/30/2017.

What is the indicated value of the ADP shares in this Form 144?

The Form 144 indicates a value of $33,564.00 for the 120 ADP common shares to be sold. This value is part of the securities information disclosed in connection with the planned Rule 144 sale.

When were the ADP shares to be sold acquired?

The 120 ADP common shares covered by this Form 144 were acquired on 06/30/2017 through an ESPP Purchase from the issuer, AUTOMATIC DATA PROCESSING INC, and are now proposed for resale under Rule 144.

On which market are the ADP shares in this Form 144 listed?

The shares referenced in this Form 144 are ADP common stock listed on NASDAQ. The filing identifies them as common shares of AUTOMATIC DATA PROCESSING INC to be sold under Rule 144.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature