Form 4: ADP Executive David Foskett Executes Stock Options and Sells Shares

David Foskett, a Corporate Vice President at Automatic Data Processing Inc. (ADP), exercised stock options and sold a portion of the acquired shares on January 6, 2025, according to a Form 4 filing with the SEC.

Summary

• On January 6, 2025, David Foskett, a Corporate Vice President at Automatic Data Processing Inc. (ADP), executed stock options to acquire 1,385 shares of common stock at a price of $138.53 per share.
• Simultaneously, Foskett sold 1,004 shares of ADP common stock at a price of $289.2861 per share.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2024.
• Following these transactions, Foskett directly owns 5,957.671 shares of ADP common stock.
• Foskett also holds options to purchase 0.0000 shares of ADP common stock at a price of $138.53.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates