ADP Form 4: Director Rodriguez reports sale and ownership correction

Rhea-AI Filing Summary

Carlos A. Rodriguez, a director and officer of Automatic Data Processing, Inc. (ADP), reported a sale of 37,418.163 shares of ADP common stock on 09/02/2025 at a price of $304.05 per share, leaving 60,819.4431 shares beneficially owned following the transaction.

The filing also shows 13,813 shares held indirectly by a trust. An explanatory note states the beneficial ownership total increased by 3,393 shares because a gift dated 08/13/2025 had been inadvertently deducted twice and was corrected. The Form 4 was signed by David Kwon (POA) on 09/03/2025.

Positive

• Correction to beneficial ownership clarifies prior double-counting and increases reported holdings by 3,393 shares
• Timely disclosure filed and signed (POA) documenting transaction details including price and date

Negative

• Insider sale of 37,418.163 shares on 09/02/2025, which materially reduces direct holdings
• Large dollar value transaction at $304.05 per share (sale proceeds not disclosed)

Insights

Financial Analyst

TL;DR Insider sale of 37,418 shares at $304.05, corrected beneficial ownership increase of 3,393 shares.

The reported disposal is a concrete change in insider holdings: a sale of 37,418.163 shares on 09/02/2025 at $304.05 reduces direct holdings to 60,819.4431 shares. The filing separately discloses 13,813 shares held indirectly by a trust. The explanatory note clarifies a bookkeeping correction of +3,393 shares tied to a gift on 08/13/2025 that had been double-counted as a deduction. From a transactional standpoint, the Form 4 documents a completed sale and an administrative correction; it does not provide context on reason or use of proceeds.

Corporate Governance Expert

TL;DR Governance disclosure corrects prior miscount and reports a material insider sale; no allegation or inference offered.

The filing fulfills Section 16 reporting by identifying the reporting person as both director and officer and showing a timely disclosure signed by a POA. The corrective explanation improves record accuracy by adding 3,393 shares previously misreported. The sale is documented with price and date, meeting disclosure requirements. The Form 4 contains no indications of related-party transactions beyond the trust disclosure and provides no additional governance actions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rodriguez Carlos A

(Last) (First) (Middle)

ONE ADP BOULEVARD

(Street)

ROSELAND NJ 07068

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AUTOMATIC DATA PROCESSING INC [ ADP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/02/2025		F		37,418.163	D	$304.05	60,819.4431(1)	D
Common Stock								13,813	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Beneficial ownership total increased by 3,393 shares as gift dated 8/13/25 inadvertently deducted twice from total.

	David Kwon (POA on File)	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Carlos A. Rodriguez sell according to the ADP Form 4?

The Form 4 reports a sale of 37,418.163 shares of ADP common stock on 09/02/2025 at a price of $304.05 per share.

How many ADP shares does Rodriguez beneficially own after the reported transaction?

The filing shows 60,819.4431 shares beneficially owned following the reported transaction.

Are any ADP shares held indirectly for Rodriguez?

Yes. The Form 4 discloses 13,813 shares held indirectly by a trust.

Why did Rodriguez's reported beneficial ownership change besides the sale?

The filing explains the beneficial ownership total increased by 3,393 shares because a gift dated 08/13/2025 had been inadvertently deducted twice and was corrected.

When was the Form 4 signed and who signed it?

The signature block shows David Kwon (POA on File) signed the Form 4 on 09/03/2025.