ADP officer plans Rule 144 sale of 6,512 shares
ADP says a Rule 144 filing by Fidelity, as attorney-in-fact for Joseph DeSilva, covers 6,512 compensation shares to be sold on Sept. 1, 2026.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) received a Rule 144 notice indicating that officer Joseph W. DeSilva, through Fidelity Brokerage Services LLC, plans to sell shares of ADP common stock on NASDAQ. The filing lists a planned sale of 6,512 shares of common stock associated with restricted stock vesting on September 1, 2026, categorized as compensation. The notice is signed by Jennifer Ruchti as a duly authorized representative of Fidelity, acting as attorney-in-fact for Joseph W. DeSilva.
Positive
- None.
Negative
- None.
Key Figures
Shares of common stock to be sold: 6,512 shares
Date of restricted stock vesting: September 1, 2026
Planned sale date reference: September 2, 2026
+1 more
4 metrics
Shares of common stock to be sold
6,512 shares
Planned sale under Rule 144 for the account of Joseph W. DeSilva
Date of restricted stock vesting
September 1, 2026
Date listed for Restricted Stock Vesting from issuer in securities to be sold
Planned sale date reference
September 2, 2026
Date shown in the securities information section related to the planned NASDAQ sale
Issuer phone number
9739745000
Contact phone number for AUTOMATIC DATA PROCESSING INC
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 a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact"
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
What does the Form 144 filing disclose for ADP (symbol ADP)?
It discloses that officer Joseph W. DeSilva, through Fidelity Brokerage Services LLC, plans to sell 6,512 shares of AUTOMATIC DATA PROCESSING INC common stock under Rule 144 on NASDAQ, with the shares tied to restricted stock vesting on September 1, 2026.
What rule governs the planned sale of ADP stock in this filing?
The notice relates to a planned sale under Rule 144, which governs resales of restricted and control securities, and the form provides information about the person for whose account the securities are to be sold and related aggregation requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.