ADP (ADP) Executive VP Brian Michaud sells 1,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Automatic Data Processing executive Brian L. Michaud, an Executive VP, reported a pre‑planned sale of common stock. On February 6, 2026, he sold 1,000 shares of ADP common stock in an open market transaction at $234.18 per share.
The filing states this trade was executed under a Rule 10b5‑1 trading plan adopted in September 2025, indicating it was scheduled in advance. After the transaction, Michaud beneficially owned 15,310.3519 shares of ADP common stock, held directly.
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FAQ
What insider transaction did ADP Executive VP Brian L. Michaud report?
Brian L. Michaud reported selling 1,000 shares of Automatic Data Processing common stock. The sale occurred on February 6, 2026 at a price of $234.18 per share under a pre‑arranged Rule 10b5‑1 trading plan adopted in September 2025.
At what price were the ADP shares sold in Brian Michaud's Form 4 filing?
The reported ADP shares were sold at $234.18 per share. This price applies to the 1,000 common shares sold on February 6, 2026, as disclosed in the Form 4 insider trading report filed for Executive VP Brian L. Michaud.
How many ADP shares does Brian Michaud own after the reported sale?
After the reported transaction, Brian L. Michaud beneficially owned 15,310.3519 ADP common shares. The Form 4 indicates these shares are held directly, reflecting his remaining position following the sale of 1,000 shares on February 6, 2026.
Was Brian Michaud's ADP stock sale part of a Rule 10b5-1 trading plan?
Yes, the Form 4 states the sale was executed under a Rule 10b5‑1 trading plan. The plan was adopted by Brian L. Michaud in September 2025, meaning the February 6, 2026 trade was pre‑scheduled rather than an ad hoc market decision.
What role does Brian L. Michaud hold at Automatic Data Processing (ADP)?
Brian L. Michaud is disclosed as an Executive Vice President of Automatic Data Processing. His status as an officer makes him a Section 16 insider, requiring public reporting of transactions like the 1,000-share sale detailed in the February 6, 2026 Form 4.