Form 4: ADP Corporate VP David Kwon Sells 100 Shares of Common Stock

David Kwon, a Corporate VP at Automatic Data Processing Inc (ADP), sold 100 shares of common stock at $280 per share on September 17, 2024, according to a Form 4 filing.

Summary

• On September 17, 2024, David Kwon, a Corporate VP at Automatic Data Processing Inc (ADP), sold 100 shares of common stock.
• The sale was executed at a price of $280 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted in September 2023.
• Following the transaction, Kwon directly owns 10,218.08 shares of ADP common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a Rule 10b5-1 trading plan and involves a small number of shares relative to Kwon's total holdings.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. Investors often monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of a small number of shares by a company insider may have a negligible impact on shareholders.

Key Dates