Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 93

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 93
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 termination without cause would be determined based on actual achievement of the performance goals under the fiscal years 2024 and 2025 PSU awards. All amounts include accrued dividend equivalents through June 30, 2025. |

| Automatic Data Processing, Inc. – Proxy Statement | | | 90 |

| Potential Payments to Named Executive Officers Upon Termination or Change in Control |

POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL FOR
JOHN C. AYALA Mr. Ayala’s last day of employment with the company was March 31, 2025. Pursuant to the terms of his qualifying termination under the Corporate Officer Severance Plan, Mr. Ayala is eligible to receive: 18 months of continued base salary (“Severance Period”) at $1,147,200; of which $191,200 has been paid and is shown in the All Other Compensation Table for fiscal year 2025; a prorated annual bonus for fiscal year 2025 based on actual performance for the full fiscal year of $921,500 (which is shown in the All Other Compensation Table for fiscal year 2025); continued vesting of his stock option and RSU awards during the Severance Period ($783,900 for stock options and $2,642,679 for RSU awards); and continued vesting of PSU awards, subject to actual achievement of the applicable performance goals in each of the ongoing PSU programs ($8,527,646). The preceding values for stock options, RSU, and PSU awards are based on the June 30, 2025 NASDAQ Global Select Market closing price of $308.40 per share; and assumes all unvested options that are eligible to vest pursuant to the Corporate Officer Severance Plan immediately vested and were exercised on June 30, 2025; and in the case of RSU and PSU awards, reflects the full value of outstanding awards due to Mr. Ayala’s retirement eligibility, pursuant to the terms of the respective RSU and PSU award agreements. Mr. Ayala also received $14,800 in accrued unused vacation pay upon his separation (which is shown in the All Other Compensation Table for fiscal year 2025).

| 91 | | | Automatic Data Processing, Inc. – Proxy Statement |

CEO Pay Ratio In accordance with the requirements set forth by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Pay Ratio Rule”), we are providing the following information to disclose the annual compensation of our CEO, Ms. Black, compared