Form 4: ADP Executive Paul Boland Reports Stock Transactions
SEC Form 4 Filing
Paul Boland, a Corporate VP at Automatic Data Processing Inc (ADP), reported the acquisition and disposal of company stock.
Summary
- On September 1, 2024, Paul Boland acquired 1,788 shares of ADP common stock at $0.00 per share.
- These shares were in the form of restricted stock units, vesting ratably over 3 years and convertible to common stock on a one-for-one basis.
- On September 3, 2024, Boland disposed of 876 shares of common stock at a price of $275.91 per share.
- Following these transactions, Boland directly owns 4,946.553 shares of ADP common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Acquisition of 1,788 shares of ADP common stock. |
| 09/03/2024 | Disposal of 876 shares of ADP common stock. |
| 09/04/2024 | Date of signature for the Form 4 filing. |
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