Insider selling at ADP is trivial relative to market cap and likely reflects routine portfolio diversification or tax planning. No actionable signal for traders — monitor upcoming earnings for any fundamental changes.
Price Chart
Executive Summary
Two ADP executives — CEO Maria Black and EVP Joseph DeSilva — sold a combined $2.26M in open-market shares on September 2, 2026. The cross-filing context shows a broader cluster of 20 trades over 7 days, including $8.4M in CEO sales, but total open-market selling of ~$10.2M represents just 0.009% of ADP's $111.7B market cap. This is routine insider activity with no material signal for the stock.
Key Financial Metrics
Key Facts
- CEO Maria Black sold 1,483 shares for $417K on Sep 2, 2026
- EVP Joseph DeSilva sold 6,512 shares for $1.84M on Sep 2, 2026
- Total open-market sales in the cluster: ~$10.2M (0.009% of market cap)
- Non-cash transactions (grants, tax withholdings) have $0 economic value
Financial Impact
Trivial insider selling of $2.26M (0.002% of market cap) — no material financial impact.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ADP-1788506854866 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | Insider Cluster | $277.62 $276.63 | ▼ −0.36% | ▲ +0.85% | $258.36 (−6.94%) |
Sep 4, 2026 28d ago | Insider Cluster | $277.62 $276.63 | ▼ −0.36% | ▲ +0.85% | $258.36 (−6.94%) |
Sep 3, 2026 29d ago | Insider Cluster | $283.53 $268.26 | ▼ −5.39% | ▼ −4.24% | $258.36 (−8.88%) |
Aug 24, 2026 5w ago | Insider Cluster | $283.01 $286.16 | ▲ +1.11% | ▲ +0.64% | $258.36 (−8.71%) |
Jul 29, 2026 9w ago | 8-K | $273.37 $269.90 | ▼ −1.27% | ▼ −6.80% | $258.36 (−5.49%) |
Jul 20, 2026 10w ago | Institutional Cluster | $246.22 $254.98 | ▲ +3.56% | ▲ +4.79% | $258.36 (+4.93%) |
Jun 21, 2026 14w ago | Institutional Cluster | $214.60 $223.55 | ▲ +4.17% | ▲ +6.24% | $258.36 (+20.39%) |
Mar 30, 2026 26w ago | Court Ruling | $205.41 $203.47 | ▼ −0.94% | ▼ −5.24% | $258.36 (+25.78%) |
Mar 10, 2026 29w ago | Court Ruling | $217.22 $209.63 | ▼ −3.49% | ▼ −2.59% | $258.36 (+18.94%) |
US Market Status
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