AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Tandem Investment Advisors, Inc.'s Holding History (CIK: 0001694284)

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

Q4 2025

Shares 330,041 Value ($000) $84,896 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 309,538 Value ($000) $91 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 235,235 Value ($000) $73 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 172,448 Value ($000) $53 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 166,110 Value ($000) $49 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 167,946 Value ($000) $46 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 172,861 Value ($000) $41 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 170,637 Value ($000) $43 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 165,160 Value ($000) $38 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 164,501 Value ($000) $39,576 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 164,171 Value ($000) $36 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 151,693 Value ($000) $34 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 119,394 Value ($000) $29 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 157,493 Value ($000) $35,623 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 199,417 Value ($000) $41,886 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 225,905 Value ($000) $51,402 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 207,076 Value ($000) $51,061 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 198,563 Value ($000) $39,697 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 174,977 Value ($000) $34,754 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 165,922 Value ($000) $31,271 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 146,299 Value ($000) $25,778 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 141,127 Value ($000) $19,686 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 57,929 Value ($000) $8,625 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 51,721 Value ($000) $7,069 Avg Close $141.95 Range $91.30 - $160.44

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	330,041	$84,896	$264.83	$245.59 - $291.75
Q3 2025	309,538	$91	$297.80	$280.46 - $312.33
Q2 2025	235,235	$73	$302.36	$268.13 - $324.50
Q1 2025	172,448	$53	$295.41	$279.29 - $315.84
Q4 2024	166,110	$49	$287.90	$266.14 - $301.35
Q3 2024	167,946	$46	$253.49	$223.96 - $274.02
Q2 2024	172,861	$41	$236.61	$228.77 - $245.17
Q1 2024	170,637	$43	$234.26	$221.78 - $245.61
Q4 2023	165,160	$38	$222.04	$195.57 - $239.12
Q3 2023	164,501	$39,576	$231.16	$204.74 - $243.17
Q2 2023	164,171	$36	$203.27	$189.64 - $210.89
Q1 2023	151,693	$34	$211.47	$197.72 - $230.89
Q4 2022	119,394	$29	$228.99	$203.81 - $257.33
Q3 2022	157,493	$35,623	$219.07	$190.70 - $242.63
Q2 2022	199,417	$41,886	$202.51	$182.36 - $222.13
Q1 2022	225,905	$51,402	$196.92	$176.60 - $227.31
Q4 2021	207,076	$51,061	$207.28	$180.16 - $228.68
Q3 2021	198,563	$39,697	$187.71	$179.33 - $197.68
Q2 2021	174,977	$34,754	$176.27	$167.48 - $182.39
Q1 2021	165,922	$31,271	$156.66	$143.60 - $175.27
Q4 2020	146,299	$25,778	$147.45	$121.14 - $161.77
Q3 2020	141,127	$19,686	$125.00	$114.15 - $135.97
Q2 2020	57,929	$8,625	$126.99	$112.18 - $142.82
Q1 2020	51,721	$7,069	$141.95	$91.30 - $160.44