Automatic Data Processing (NASDAQ: ADP) officer to sell 120 shares
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
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Negative
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Key Figures
Shares to be sold: 120 shares of common stock
Indicated value: $33,564.00
Security identification number: 397262737
+2 more
5 metrics
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
Key Terms
Rule 144, ESPP Purchase, attorney-in-fact
3 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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.