Form 4: ADP Corp VP Sells Shares Under 10b5-1 Plan

Automatic Data Processing's Corporate VP, David Kwon, reported a planned sale of 806 common shares at $264.80 per share, executed under a Rule 10b5-1 trading plan.

Summary

• David Kwon, Corporate VP of Automatic Data Processing Inc. (ADP), reported the sale of 806 shares of common stock.
• The transaction occurred on January 12, 2026, at a price of $264.80 per share.
• Following this transaction, David Kwon beneficially owns 11,186.553 shares of ADP common stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person in September 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider sale under a 10b5-1 plan, which is generally considered neutral as it does not typically signal new information about the company's prospects.

Positives

• The transaction was executed under a Rule 10b5-1 trading plan, indicating a pre-scheduled, non-discretionary sale rather than a reaction to new material non-public information.

Negatives

• No specific negatives are indicated by this routine insider sale.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• This filing is a standard insider transaction report and does not contain information suitable for comparison to global benchmarks, specific comparable companies, projects, or results.

Related Party Transactions

• David Kwon, a Corporate VP of Automatic Data Processing Inc., sold 806 shares of the company's common stock. This is a standard insider transaction report.

Stakeholder Impact

• The sale of 806 shares by a Corporate VP is a relatively small transaction and is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Next Steps

• No specific future actions, events, or milestones are mentioned in this filing.

Key Dates

Keywords

Automatic Data Processing, ADP, David Kwon, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Officer Transaction