ADP (NASDAQ: ADP) EVP stock sale under 10b5-1 plan
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC (ADP) reported that Executive VP Brian L. Michaud sold 120 shares of common stock on 2026-08-21 at a price of $279.70 per share in an open-market or private transaction. Following this sale, he directly holds 18,441.5155 shares of ADP common stock. The transaction was effected under a Rule 10b5-1 trading plan adopted by the reporting person.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 120 shares
Net Sell
1 txn
Insider
Michaud Brian L.
Role
Executive VP
Sold
120 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 120 | $279.70 | $34K |
Holdings After Transaction:
Common Stock — 18,441.5155 shares (Direct)
Footnotes (1)
- F1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2025.
Key Figures
Shares sold: 120 shares
Sale price per share: $279.70
Shares owned after transaction: 18,441.5155 shares
+1 more
4 metrics
Shares sold
120 shares
Common Stock sale on 2026-08-21
Sale price per share
$279.70
Price for 120 ADP common shares sold on 2026-08-21
Shares owned after transaction
18,441.5155 shares
Direct ownership of Brian L. Michaud following the sale
Net shares sold
120 shares
Net-sell direction from transaction summary
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, Executive VP
3 terms
Rule 10b5-1 trading plan regulatory
"transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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 or private transaction market
"transaction_code_description: Sale in open market or private transaction"
Executive VP other
"reporting person is an officer with the title Executive VP"
FAQ
What insider transaction did ADP report for Brian L. Michaud?
ADP reported that Executive VP Brian L. Michaud sold 120 shares of ADP common stock on 2026-08-21 at $279.70 per share in a sale classified as an open-market or private transaction.
Was the ADP insider sale by Brian L. Michaud under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Brian L. Michaud in September 2025, indicating the trades were made under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.