20 unchanged sentences
(1) During the three months ended June 30, 2024, pursuant to the terms of the Company’s restricted stock program, the Company purchased 1,964 shares at the then-market value of the shares to satisfy certain tax withholding requirements for employees upon the vesting of their restricted shares.
−Removed: (2) The Company received the Board of Directors' approval to repurchase shares of the Company's common stock as follows:
−Removed: Date of Approval
−Removed: November 2022 $5 billion
+Added: (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.
2 unchanged sentences
Performance Graph
−Removed: The following graph compares the cumulative return on the Company’s common stock for the most recent five years with the cumulative return on the S&P 500 Index and the Peer Group Index, (a) assuming an initial investment of $100 on June 30, 2018, with all dividends reinvested.
+Added: The following graph compares the cumulative return on ADP's common stock for the most recent five years with the cumulative return on the S&P 500 Index and the Peer Group Index, (a) assuming an initial investment of $100 on June 30, 2019, with all dividends reinvested.
The stock price performance shown on this graph may not be indicative of future performance.
(a) We use the Nasdaq Dividend Achievers Select Index as our Peer Group Index.
−Removed: The Nasdaq Dividend Achievers Select Index is a select group of companies, that includes the Company, with at least ten consecutive years of increasing annual regular dividend payments.
+Added: The Nasdaq Dividend Achievers Select Index is a select group of companies, that includes ADP, with at least ten consecutive years of increasing annual regular dividend payments.
Selected Financial Data
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.