Form 4: ADP Executive Sreenivasa Kutam Reports Stock Transactions
SEC Form 4 Filing
Corporate VP Sreenivasa Kutam reports acquisition and disposal of ADP common stock.
Summary
- Sreenivasa Kutam, a Corporate VP at Automatic Data Processing Inc (ADP), reported transactions involving ADP common stock.
- On September 1, 2024, Kutam acquired 3,483 shares of common stock at $0.00 per share.
- These shares were in the form of restricted stock units vesting ratably over 3 years.
- On September 3, 2024, Kutam disposed of 4,448 shares at a price of $275.91.
- Following these transactions, Kutam beneficially owns 26,597.099 shares of ADP common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a corporate officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to non-public information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Acquisition of 3,483 shares of common stock |
| 09/03/2024 | Disposal of 4,448 shares of common stock |
| 09/04/2024 | Date of signature by David Kwon (POA on File) |
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