ADP (NASDAQ: ADP) CEO Maria Black records discretionary stock transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AUTOMATIC DATA PROCESSING INC President & CEO Maria Black reported a small discretionary transaction in company common stock. The Form 4 shows a Rule 16b-3(f) discretionary transaction involving 49.4306 shares at $223.94 per share. After this activity, she directly holds 75,101.342 shares of common stock. The filing does not classify the move as a traditional open-market purchase or sale, instead treating it as an "other" discretionary transaction for reporting purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Black Maria
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Stock | 49.431 | $223.94 | $11K |
Holdings After Transaction:
Common Stock — 75,101.342 shares (Direct, null)
Footnotes (1)
Key Figures
Discretionary transaction shares: 49.4306 shares
Transaction price per share: $223.94/share
Shares owned after transaction: 75,101.342 shares
3 metrics
Discretionary transaction shares
49.4306 shares
Rule 16b-3(f) discretionary transaction in Common Stock
Transaction price per share
$223.94/share
Price associated with the 49.4306-share discretionary transaction
Shares owned after transaction
75,101.342 shares
Total ADP common stock directly held by Maria Black following the transaction
Key Terms
Rule 16b-3(f), discretionary transaction, Common Stock
3 terms
Rule 16b-3(f) regulatory
"Classified as a discretionary transaction under Rule 16b-3(f)."
discretionary transaction financial
"The Form 4 labels the activity as a discretionary transaction."
Common Stock financial
"The security involved in the transaction is ADP 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.
FAQ
What insider transaction did ADP President & CEO Maria Black report?
Maria Black reported a small discretionary transaction in ADP common stock under Rule 16b-3(f). The filing shows activity involving 49.4306 shares at $223.94 per share, categorized as an "other" transaction rather than a standard buy or sell.
How is the ADP insider transaction classified in the Form 4?
The transaction is classified as a discretionary transaction under Rule 16b-3(f), with code "I". It is labeled as an "other" transaction, meaning it is neither a standard open-market purchase nor a sale, but still must be reported for compliance purposes.
Did the ADP Form 4 show any insider purchases or sales of stock?
The summary data shows no buys or sells recorded. Instead, it reports one "other" transaction categorized as a discretionary transaction under Rule 16b-3(f), affecting 49.4306 shares of ADP common stock at a reported price of $223.94 per share.