Automatic Data Processing (ADP) director adds shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Automatic Data Processing director Robert Holmes Swan reported an open-market purchase of 3,619 shares of Common Stock at $206.05 per share. The transaction occurred on May 7, 2026 and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in January 2026.
Following this purchase, Swan directly holds 5,072 ADP shares. In addition, 115 shares are held indirectly by a trust. Rule 10b5-1 plans allow insiders to schedule trades in advance, so the timing of this buy reflects a pre-set plan rather than a spontaneous market decision.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 3,619 shares ($745,695)
Net Buy
2 txns
Insider
SWAN ROBERT HOLMES
Role
null
Bought
3,619 shs ($746K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,619 | $206.05 | $746K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,072 shares (Direct, null);
Common Stock — 115 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 3,619 shares
Purchase price: $206.05 per share
Direct holdings after transaction: 5,072 shares
+2 more
5 metrics
Shares purchased
3,619 shares
Open-market purchase on May 7, 2026
Purchase price
$206.05 per share
Open-market transaction
Direct holdings after transaction
5,072 shares
Common Stock held directly by director
Indirect holdings after transaction
115 shares
Common Stock held by trust
Net buy shares
3,619 shares
Net-buy direction in transaction summary
Key Terms
Rule 10b5-1 trading plan, open-market purchase, Common Stock, indirect ownership
4 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in January 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transaction did ADP director Robert Holmes Swan report?
Robert Holmes Swan reported buying 3,619 shares of ADP Common Stock in an open-market transaction. The purchase took place on May 7, 2026 at a price of $206.05 per share, according to the Form 4 filing.