Black Maria 4

What Happened

• Maria Black, President & CEO of Automatic Data Processing, acquired 49.431 shares of ADP on 2026-07-01 at $223.94 per share, for a total value of approximately $11,069. The filing lists the trade as a discretionary transaction (code I). This was a purchase (a direct buy of stock).

Key Details

• Transaction date and price: 2026-07-01 at $223.94 per share.
• Shares transacted: 49.431 shares; total value ≈ $11,069.
• Transaction type/footnote: Discretionary transaction (code I) — executed at the insider’s discretion; no 10b5-1 plan or tax-withholding note was disclosed in the provided details.
• Shares owned after transaction: Not specified in the provided summary filing.
• Filing date/timeliness: Report filed 2026-07-02 for a 2026-07-01 transaction (appears timely).

Context

• Purchases by executives can be viewed as a bullish signal, but this is a relatively small, single discretionary buy (~$11k) and may be routine (e.g., fractional-share acquisition). No option exercise, gift, or large-block transaction was reported.