AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Madison Asset Management, LLC's Holding History (CIK: 0001299351)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 70,666 Value ($000) $18,177 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 72,144 Value ($000) $21,174 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 82,348 Value ($000) $25,396 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 98,041 Value ($000) $29,954 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 126,846 Value ($000) $37,132 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 132,186 Value ($000) $36,580 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 136,828 Value ($000) $32,659 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 108,317 Value ($000) $27,051 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 60,197 Value ($000) $14,024 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 45,311 Value ($000) $10,901 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 57,442 Value ($000) $12,625 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 61,649 Value ($000) $13,725 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 88,038 Value ($000) $21 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 89,048 Value ($000) $20,142 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 90,553 Value ($000) $19,020 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 91,252 Value ($000) $20,763 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 92,774 Value ($000) $22,876 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 97,327 Value ($000) $19,458 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 100,424 Value ($000) $19,946 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 106,723 Value ($000) $20,114 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 109,362 Value ($000) $19,270 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 108,680 Value ($000) $15,160 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 109,522 Value ($000) $16,307 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 112,380 Value ($000) $15,360 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 88,864 Value ($000) $15,151 Avg Close $145.09 Range $134.54 - $151.18

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	70,666	$18,177	$264.83	$245.59 - $291.75
Q3 2025	72,144	$21,174	$297.80	$280.46 - $312.33
Q2 2025	82,348	$25,396	$302.36	$268.13 - $324.50
Q1 2025	98,041	$29,954	$295.41	$279.29 - $315.84
Q4 2024	126,846	$37,132	$287.90	$266.14 - $301.35
Q3 2024	132,186	$36,580	$253.49	$223.96 - $274.02
Q2 2024	136,828	$32,659	$236.61	$228.77 - $245.17
Q1 2024	108,317	$27,051	$234.26	$221.78 - $245.61
Q4 2023	60,197	$14,024	$222.04	$195.57 - $239.12
Q3 2023	45,311	$10,901	$231.16	$204.74 - $243.17
Q2 2023	57,442	$12,625	$203.27	$189.64 - $210.89
Q1 2023	61,649	$13,725	$211.47	$197.72 - $230.89
Q4 2022	88,038	$21	$228.99	$203.81 - $257.33
Q3 2022	89,048	$20,142	$219.07	$190.70 - $242.63
Q2 2022	90,553	$19,020	$202.51	$182.36 - $222.13
Q1 2022	91,252	$20,763	$196.92	$176.60 - $227.31
Q4 2021	92,774	$22,876	$207.28	$180.16 - $228.68
Q3 2021	97,327	$19,458	$187.71	$179.33 - $197.68
Q2 2021	100,424	$19,946	$176.27	$167.48 - $182.39
Q1 2021	106,723	$20,114	$156.66	$143.60 - $175.27
Q4 2020	109,362	$19,270	$147.45	$121.14 - $161.77
Q3 2020	108,680	$15,160	$125.00	$114.15 - $135.97
Q2 2020	109,522	$16,307	$126.99	$112.18 - $142.82
Q1 2020	112,380	$15,360	$141.95	$91.30 - $160.44
Q4 2019	88,864	$15,151	$145.09	$134.54 - $151.18