ADP officer plans 631-share Rule 144 stock sale
Officer Joseph DeSilva has filed a Rule 144 notice covering 631 ADP shares after recent vested stock and prior sales of 6,512 shares.
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) is the issuer for a planned sale of common stock under Rule 144 for the account of officer Joseph DeSilva. The notice covers 631 shares of common stock to be sold through Fidelity Brokerage Services LLC, following restricted stock vesting on September 1, 2026, and reports that 6,512 shares of common stock were sold in the past three months for $1,842,896.00.
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Key Figures
Planned shares to be sold: 631 shares
Shares sold in past 3 months: 6,512 shares
Aggregate proceeds from past 3 months sales: $1,842,896.00
+1 more
4 metrics
Planned shares to be sold
631 shares
Common stock to be sold under Rule 144 for Joseph DeSilva
Shares sold in past 3 months
6,512 shares
Common stock sold on September 2, 2026
Aggregate proceeds from past 3 months sales
$1,842,896.00
Total for 6,512 ADP shares sold on September 2, 2026
Security type
Common stock
ADP securities covered by the Form 144 notice
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact, aggregate
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 Joseph DeSilva"
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.
aggregate financial
"6512 | 1842896.00"
A combined total or summary created by adding together multiple parts or data points. Used as a noun and a verb, it means pooling individual items (sales, revenues, assets, transactions, or data) into one overall figure so stakeholders can see the big picture; like pouring many small jars into a single container to measure the total amount. Aggregate figures matter to investors because they show the overall size, trend, or exposure of a business or market rather than the detail of each component.
FAQ
What does the Form 144 filing disclose for ADP?
The filing discloses a planned Rule 144 sale of 631 shares of Automatic Data Processing Inc. common stock for officer Joseph DeSilva, to be sold through Fidelity Brokerage Services LLC after restricted stock vested on September 1, 2026.
Who is the reporting person in this ADP Form 144?
The notice is filed for the account of Joseph DeSilva, identified as an officer of Automatic Data Processing Inc. Fidelity Brokerage Services LLC is acting, with a representative signing as attorney-in-fact for DeSilva.
Which broker is handling the planned ADP stock sale for this Form 144?
The planned sale of Automatic Data Processing Inc. common stock is listed with Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island, as the broker involved in the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.