Form 4: Automatic Data Processing Executive Sells Shares
Insider Transaction (Form 4)
Brian L. Michaud, Executive VP of Automatic Data Processing Inc, sold 120 shares of common stock on August 21, 2026 for $279.70 per share.
Summary
- Open-market sale: disposed of 120 Common Stock at $279.70 ($33,564) on August 21, 2026; holds 18,442 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $33,564 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Brian L. Michaud — Officer (Executive VP)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-21 | Open-market sale | Common Stock | 120 | $280 | $33.6K | 18,441.516 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-21 | Open-market sale (120 shares) |
Keywords
insider transaction, Form 4, ADP, AUTOMATIC DATA PROCESSING INC, bearish, Brian L. Michaud
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