ADP Director Robert H. Swan Buys 3,619 Shares

What Happened Robert H. Swan, a director of Automatic Data Processing, purchased 3,619 shares of ADP common stock in an open-market transaction on May 7, 2026. The shares were acquired at $206.05 each for a total cost of approximately $745,695. This was a purchase (insider buy), executed under a preset trading plan.

Key Details

• Transaction date and price: 2026-05-07 — open-market purchase at $206.05 per share.
• Shares purchased / value: 3,619 shares, ~ $745,695 total.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: Reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in January 2026.
• Filing timeliness: Form 4 filed 2026-05-11 for a 2026-05-07 report — filed within the standard 2 business-day window.

Context Purchases by company directors can be interpreted as a positive signal, but this trade was carried out under a 10b5-1 plan (a prearranged trading program), which means the transaction was likely scheduled in advance rather than timed to recent company developments. This Form 4 shows a non-derivative purchase (code P) and contains no indication of option exercises, gifts, or tax-withholding actions.