Company: ADP
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001308179-25-000607
Chunk: 76

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 76
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 net income and revenue ex-ZMPT goals have been established, and reflects the number of units earned based on performance against the related goals for fiscal years 2024 and 2025. The amount shown for the PSU award granted on September 1, 2024 includes units relating to one third of the full target award for which adjusted net income and revenue ex-ZMPT goals have been established, and reflects the number of units earned based on performance against the related goals for fiscal year 2025. All amounts exclude accrued dividend equivalents. In each case, the amounts shown are subject to potential reduction based on our actual TSR performance over the entire three-fiscal-year period ending June 30, 2026 and June 30, 2027, respectively. In addition, the PSU awards are subject to a relative TSR modifier, which may increase or decrease the amounts earned based on performance against the S&P 500 for the three-fiscal-year period ending June 30, 2026 for the September 1, 2023 PSU award, and ending June 30, 2027 for the September 1, 2024 PSU award. |

| 73 | |  Automatic Data Processing, Inc. – Proxy Statement |

| Compensation of Executive Officers |

Outstanding Equity Vesting Schedule for Fiscal Year-End 2025

|                    |     | Option Awards |     |                        |     | Stock Awards |     |                            |
|                    |     | Grant Date    |     | Vesting from           
 Grant date             |     | Grant or     
 Award Date   |     | Vesting Schedule           |
| Maria Black        |     | 9/1/2021      |     | 25% vested on 9/1/2022 |     | 9/1/2022     |     | 33% vested on 9/1/2023     |
|                    |     |               |     | 25% vested on 9/1/2023 |     |              |     | 33% vested on 9/1/2024     |
|                    |     |               |     | 25% vested on 9/1/2024 |     |              |     | 33% vests on 9/1/2025      |
|                    |     |               |     | 25% vests on 9/1/2025  |     | 1/1/2023     |     | 33% vested on 1