Form 4: Automatic Data Processing Corp VP Brian Michaud Discloses Routine Stock Transactions Under 10b5-1 Plan

Automatic Data Processing's Corporate Vice President, Brian L. Michaud, reported routine acquisitions and dispositions of common stock on July 1, 2025, executed under a pre-established Rule 10b5-1 trading plan.

Summary

• Brian L. Michaud, Corporate Vice President of Automatic Data Processing Inc. (ADP), reported transactions involving the company's common stock.
• On July 1, 2025, Michaud acquired 42.4275 shares of common stock indirectly at a price of $294.62 per share.
• On the same date, Michaud disposed of 206 shares of common stock at a price of $308.18 per share.
• Following these transactions, Michaud beneficially owns 11,909.149 shares of ADP common stock.
• All reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Michaud in September 2024.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider stock transactions executed under a Rule 10b5-1 plan. The transactions are relatively small and pre-scheduled, thus not indicating a strong positive or negative sentiment regarding the company's immediate prospects.

Positives

• Acquisition of 42.4275 shares of common stock at $294.62 per share, indicating continued ownership interest.

Negatives

• Disposition of 206 shares of common stock at $308.18 per share.

Future Outlook

The transactions were executed pursuant to a pre-established Rule 10b5-1 trading plan, indicating a pre-determined schedule for future equity transactions rather than a new strategic outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. Such filings are standard regulatory requirements for publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding an officer's stock holdings and pre-planned trading activities, which is standard regulatory disclosure.
• Employees, Customers, Suppliers, Creditors: No direct impact from this routine insider transaction disclosure.

Next Steps

• Future transactions by Brian L. Michaud are expected to continue under the Rule 10b5-1 trading plan adopted in September 2024, as per the nature of such plans.

Key Dates

Keywords

Automatic Data Processing, ADP, Brian L. Michaud, Form 4, Insider Trading, Stock Transaction, Rule 10b5-1 Plan, Corporate Vice President, Equity Disclosure