Form 4: ADP Executive Brian L. Michaud Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Corporate Vice President Brian L. Michaud of Automatic Data Processing Inc. (ADP) reported disposing of 133 shares of common stock on February 3, 2025, to cover tax obligations.
Summary
- On February 3, 2025, Brian L. Michaud, a Corporate Vice President at Automatic Data Processing Inc. (ADP), disposed of 133 shares of common stock.
- The transaction was executed at a price of $303.01 per share.
- This disposal was likely to cover tax obligations related to stock vesting or option exercises.
- Following the transaction, Michaud directly owns 13,572.7215 shares of ADP common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a common practice of executives selling shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a relatively small disposal of shares by a single executive.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock disposal transaction |
| 02/04/2025 | Date of signature on the Form 4 filing |
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