Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 52

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 52
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 a percentage of FW Cook’s total revenue, the policies and procedures employed by FW Cook to prevent conflicts of interest, the fact that FW Cook does not provide any other services to the company (other than the director compensation program review), and whether the individual FW Cook advisors to the committee own any stock of the company or have any business or personal relationships with members of the committee or our executive officers. Compensation Review and Determination ADP uses a customized peer group to benchmark our executive officers’ pay levels and our financial performance in connection with pay-for-performance evaluations, as well as our practices concerning equity compensation and other executive compensation programs. The customized peer group was developed with assistance from FW Cook based upon the following criteria: comparable business model, company size, executive talent sources, competition for investor capital, companies considered by our investors to be our peers, and overall reasonableness. In connection with its annual review of the company’s executive compensation peer group in January 2024, the committee determined that the existing 17-company peer group reflected below remained appropriate for fiscal year 2025.

| Fiscal Year 2025 Compensation Peer Group (with ticker symbol) |                                                    |                              |
| Accenture plc (ACN)                                           
 Adobe (ADBE)                                                  
 Aon plc (AON)                                                 
 CGI Inc. (GIB)                                                
 Cognizant Technology Solutions Corp. (CTSH)                   
 Discover Financial Services (DFS)(1)                          | eBay Inc. (EBAY)                                   
 Fidelity National Information Services, Inc. (FIS) 
 Fiserv, Inc. (FI)                                  
 Intuit Inc. (INTU)                                 
 Leidos Holding, Inc. (LDOS)                        
 Marsh & McLennan Companies, Inc. (MMC)             | Mastercard Incorporated (MA) 
 PayPal Holdings, Inc. (PYPL) 
 Salesforce, Inc. (CRM)       
 TE Connectivity Ltd. (TEL)   
 Visa Inc. (V)                |

In benchmarking the total cash and long-term incentive compensation for the NEOs, the committee reviewed the market compensation data from the customized peer group at its June 2024 meeting. The committee considered that, compared with the peer group, the company compares at the 49th and 63rd percentiles, respectively, regarding revenue and market capitalization. Based on the four most recently reported quarters as of April 30, 2024, revenue among companies in the peer group ranged from approximately $9.8 billion to $64.6 billion,