Form 4: ADP Corporate VP, Brock Albinson, Reports Stock Sale
SEC Form 4
Brock Albinson, a Corporate VP at Automatic Data Processing Inc (ADP), reported selling 1,170 shares of common stock on March 1, 2024, at a price of $249.43 per share.
Summary
- On March 1, 2024, Brock Albinson, a Corporate VP at Automatic Data Processing Inc (ADP), sold 1,170 shares of ADP common stock.
- The sale was executed at a price of $249.43 per share.
- Following the transaction, Albinson directly owns 4,025.402 shares of ADP common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted in August 2023.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a stock sale by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. They do not necessarily reflect the company's performance or future outlook.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| August 2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 03/01/2024 | Date of the stock sale transaction |
| 03/05/2024 | Date of the Form 4 filing |
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