Form 4: ADP Corporate Vice President Michael A. Bonarti Reports Stock Sale
SEC Form 4 Filing
Michael A. Bonarti, a Corporate Vice President at Automatic Data Processing Inc (ADP), reported the sale of 3,852 shares of common stock on September 9, 2024, according to a Form 4 filing with the SEC.
Summary
- On September 9, 2024, Michael A. Bonarti, a Corporate Vice President at Automatic Data Processing Inc (ADP), sold 3,852 shares of ADP common stock.
- The sale was executed at a price of $269.7 per share.
- Following the transaction, Bonarti directly owns 80,383.594 shares of ADP common stock.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted in September 2023.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an insider stock sale. The transaction was conducted under a pre-arranged trading plan, suggesting it was not based on any specific non-public information. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They provide insights into the actions of company executives and directors, which can be informative to investors.
Key Dates
| Date | Description |
|---|---|
| September 2023 | Adoption of Rule 10b5-1 trading plan |
| 09/09/2024 | Date of stock sale transaction |
| 09/11/2024 | Date of Form 4 filing |
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