Director Carlos A. Rodriguez filed a Form 4 with the SEC on November 3, 2026, reporting the sale of 8,305 shares of Automatic Data Processing Inc. common stock on November 2, 2026, executed under a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Carlos A. Rodriguez, identified as a Director of Automatic Data Processing Inc. (NASDAQ:ADP).
  • Total shares sold: 8,305 shares of common stock disposed of across five separate transactions on November 2, 2026.
  • Sale prices: Transactions were executed at prices of $300.0235, $300.0274, $300.0392, $300.0646, and $300.0639 per share, according to the filing.
  • Remaining direct ownership: Following the transactions, Rodriguez directly beneficially owned 22,873.3041 shares of common stock.
  • Indirect ownership: Rodriguez also held 13,813 shares indirectly through a trust, as reported in the filing.
  • 10b5-1 plan: The filing states the transactions "were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2025."

Rodriguez's Five-Tranche Sale of ADP Common Stock

According to the Form 4 filed on November 3, 2026, Director Carlos A. Rodriguez disposed of a combined 8,305 shares of Automatic Data Processing Inc. common stock on November 2, 2026, through five separate sell transactions coded "S." The individual tranche sizes were 537 shares, 539 shares, 3,345 shares, 3,426 shares, and 3,458 shares, sold at per-share prices of $300.0235, $300.0274, $300.0392, $300.0646, and $300.0639, respectively.

The filing discloses that all five transactions were carried out under a Rule 10b5-1 trading plan that Rodriguez adopted in September 2025. The Form 4 was signed by David Kwon under a power of attorney on file. Following the five disposals, Rodriguez's directly held beneficial ownership in ADP common stock stood at 22,873.3041 shares, as reported in the filing. In addition, the filing shows Rodriguez indirectly holds 13,813 shares through a trust.

No derivative securities transactions were reported. The filing indicates it was checked to confirm the transactions were made pursuant to a contract, instruction, or written plan satisfying the affirmative defense conditions of Rule 10b5-1(c).

What Was Disclosed

A Form 4 filed November 3, 2026, reported that ADP Director Carlos A. Rodriguez sold 8,305 shares of common stock across five transactions on November 2, 2026, at prices near $300.02 to $300.06 per share, under a pre-established Rule 10b5-1 plan.