Form 4: ADP CEO Maria Black Reports Stock Transactions

Automatic Data Processing Inc. CEO Maria Black reported an acquisition and subsequent disposition of company common stock in recent transactions.

Summary

• Maria Black, President & CEO of Automatic Data Processing Inc. (ADP), reported changes in her beneficial ownership of common stock.
• On January 1, 2026, Black acquired 40.9769 shares of ADP Common Stock at a price of $244.37 per share.
• Following this acquisition, her beneficial ownership stood at 76,202.1354 shares.
• On January 2, 2026, Black disposed of 435.224 shares of ADP Common Stock at a price of $257.23 per share.
• After the disposition, her beneficial ownership decreased to 75,766.9114 shares.
• The disposition transaction code 'F' typically indicates shares withheld to cover tax obligations arising from equity awards.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including an acquisition and a disposition likely for tax purposes, which typically have a neutral impact on sentiment.

Positives

• The acquisition of 40.9769 shares of common stock by the CEO, albeit a small amount, indicates continued participation in the company's equity.

Negatives

• The disposition of 435.224 shares of common stock by the CEO reduces her direct beneficial ownership.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Maria Black, President & CEO of Automatic Data Processing Inc., acquired 40.9769 shares of ADP Common Stock at $244.37 per share on January 1, 2026.
• Maria Black, President & CEO of Automatic Data Processing Inc., disposed of 435.224 shares of ADP Common Stock at $257.23 per share on January 2, 2026, likely for tax withholding purposes.

Stakeholder Impact

• Shareholders: May view the transactions as routine insider activity, with the disposition likely related to tax obligations from equity compensation rather than a change in management's long-term outlook.
• Employees: No direct impact indicated.

Key Dates

Recommendation

The reported transactions are typical for executive compensation, involving a small acquisition and a larger disposition, likely for tax withholding. Such routine insider activity, especially when the disposition is tax-related (indicated by transaction code 'F'), generally does not signal a significant change in company fundamentals or management's confidence, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

ADP, Automatic Data Processing, Maria Black, Insider Trading, Form 4, Stock Transactions, CEO, Beneficial Ownership