AUTOMATIC DATA PROCESSING INC
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
| Total 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) | |||||
|---|---|---|---|---|---|
| Period | |||||
| October 1 to 31, 2023 | 471,060 | $238.18 | 465,592 | $3,954,527,496 | |
| November 1 to 30, 2023 | 403,380 | $225.12 | 401,309 | $3,864,193,487 | |
| December 1 to 31, 2023 | 206,533 | $232.38 | 203,710 | $3,814,508,318 | |
| Total | 1,080,973 | 1,070,611 | |||
(1) During the three months ended December 31, 2023, pursuant to the terms of our restricted stock program, the Company purchased 10,362 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 to repurchase shares of the Company's common stock as follows:
| Date of Approval | |
|---|---|
| November 2022 | $5 billion |
| (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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