Automatic Data Processing Insider Sale: 6,508 Shares Disclosed
Rhea-AI Filing Summary
Automatic Data Processing Inc. (ADP) reporting person Don McGuire, listed as Corporate Vice President, reported a sale of 6,508.423 shares of ADP common stock on 09/02/2025 at a reported price of $304.05 per share. After the transaction, the filing shows 31,283.083 shares beneficially owned. The Form 4 was signed by David Kwon (power of attorney) on 09/03/2025, indicating the sale was disclosed under Section 16 reporting requirements.
Positive
- Transaction was disclosed on a Form 4, providing transparency under Section 16
- Form includes full transaction details (date, shares sold, price, and resulting beneficial ownership)
Negative
- Reporting person reduced holdings by 6,508.423 shares
- Form does not state whether the sale was pursuant to a 10b5-1 plan or other pre-arrangement
Insights
TL;DR: Routine insider sale disclosed; no additional company financials provided.
The filing documents a single non-derivative sale by Don McGuire of 6,508.423 shares at $304.05, leaving 31,283.083 shares beneficially owned. This is a compliance disclosure rather than an operational or financial update. Without accompanying company financial results or context for the sale (e.g., planned diversification, tax reasons), the transaction should be interpreted as an insider liquidity event with limited direct implications for ADP's operating performance.
TL;DR: Disclosure appears timely and properly executed under Section 16 rules.
The Form 4 lists the reporting person, role (Corp VP), transaction date, share quantity, and price, and includes a POA signature. From a governance perspective, the form meets standard disclosure elements. The filing does not state whether the sale was part of a Rule 10b5-1 plan or other pre-arranged program, so no inference about pre-authorization can be made from the document alone.