Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 79

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 4
Chunk 79
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 of any such proceeding that is material to its business or financial condition:  any proceeding when the potential monetary sanctions exceed $1 million.

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Item 1A.  Risk Factors

There have been no material changes in our risk factors disclosed in Part 1, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended June 30, 2024.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity SecuritiesTotal Numberof Shares Purchased (1)Average PricePaid per Share (3)Total Number ofShares Purchasedas Part of thePubliclyAnnouncedCommon Stock Repurchase Plan (2)Maximum Approximate Dollar Valueof Shares thatmay yet bePurchased underthe Common StockRepurchase Plan (2) (3)PeriodJanuary 1 to 31, 2025340,468 $297.61 338,823 $2,330,801,457 February 1 to 28, 2025284,523 $311.75 284,197 $2,242,204,855 March 1 to 31, 2025374,139 $303.22 373,926 $2,128,823,410 Total999,130 996,946  

(1)     During the three months ended March 31, 2025, pursuant to the terms of the Company’s restricted stock program, the Company purchased 2,184 shares at the then-market value of the shares to satisfy certain tax withholding requirements for employees upon the vesting of their restricted shares. (2)The Company received the Board of Directors' approval in November 2022 to repurchase $5 billion of its common stock. (3)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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