Company: ADP
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000008670-25-000047
Chunk: 71

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part II, Item 2
Chunk 71
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Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity SecuritiesTotal Numberof Shares Purchased (1)Average PricePaid per Share (2)Total Number ofShares Purchasedas Part of thePubliclyAnnouncedCommon Stock Repurchase Plan (1)Maximum Approximate Dollar Valueof Shares thatmay yet bePurchased underthe Common StockRepurchase Plan (1) (2)PeriodJuly 1 to 31, 2025394,305 $306.91 394,305 $1,680,881,475 August 1 to 31, 2025415,027 $304.89 415,027 $1,554,342,458 September 1 to 30, 2025409,018 $294.64 409,018 $1,433,828,224 Total1,218,350 1,218,350  

(1)The Company received the Board of Directors' approval in November 2022 to repurchase $5 billion of its common stock. (2)Inclusive of the impact of the one-percent excise tax under the Inflation Reduction Act of 2022.

There is no expiration date for the common stock repurchase authorization.

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Item 5.  Other Information

During the fiscal quarter ended September 30, 2025, our executive officers and directors adopted the following trading arrangements that are intended to satisfy the affirmative defense of Rule 10b5-1(c).

Name & TitleDate of AdoptionDuration of Trading ArrangementThe maximum number of securities to be sold pursuant to the trading arrangement (1)Maria Black,President and Chief Executive OfficerSeptember 4, 2025January 2, 2026 – December 31, 202657,214Michael Bonarti, Chief Administrative OfficerSeptember 4, 2025February 3, 2026 – December 31, 202620,805Christopher D’Ambrosio,Chief Strategy OfficerSeptember 8, 2025January 2, 2026 – December 31, 20266,202Joseph DeSilva,Executive Vice President, North America and Chief of OperationsSeptember 4, 2025January 2, 2026 – December 31, 202614,225David Foskett,President, Global SalesSeptember 8, 2025February 5, 2026 – December 31, 202