Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 34

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 34
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 U.S. Treasury Notes published in The Wall Street Journal ®on the first business day of November of each such twelve-month period plus 0.50%. Non-employee directors do not have any voting rights with respect to their DSUs. Other than Ms. Haynesworth, all of our non-employee directors chose to receive the entire elective portion of their annual retainers in the form of DSUs during fiscal year 2025. Role of the Nominating/Corporate Governance Committee The nominating/corporate governance committee is responsible for reviewing, evaluating, and making recommendations to the board on an annual basis with respect to all aspects of non-employee director compensation. The full board then reviews these recommendations and makes a final determination on the compensation of our non-employee directors. During fiscal year 2025, the nominating/corporate governance committee engaged FW Cook, compensation consultant to the compensation and management development committee, to review the design and competitiveness of our non-employee director compensation program. Changes to Director Compensation in Fiscal Year 2026 In connection with the annual review discussed above, the board of directors approved (i) an increase to the non-elective portion of the annual retainer to $240,000 (from $230,000), which will be paid in the form of DSUs, and (ii) an increase to the chair retainers of the nominating/corporate governance committee and corporate development and technology committee to $17,500 (from $15,000), each to be effective at the time of the 2025 Annual Meeting of Stockholders. There were no other changes made to the non-employee director compensation program for fiscal year 2026. Stock Ownership Guidelines Our stock ownership guidelines are intended to promote ownership in the company’s stock by our non-employee directors and to align their financial interests more closely with those of other stockholders of the company. Each non-employee director has a minimum stockholding requirement of our common stock equal to five times his or her annual cash retainer.

| 33 | | | Automatic Data Processing, Inc. – Proxy Statement |

| Compensation of Non-Employee Directors |

Directors who are employees of the company or any of our subsidiaries receive no remuneration for services as a director. The following table shows compensation for our non-employee directors for fiscal year 2025. DIRECTOR COMPENSATION TABLE FOR FISCAL YEAR 2025

| Name                  
 (a)                   |     | Fees Earned 
 or Paid in  
 Cash(6)