Gary C. Butler served as the CEO of Automatic Data Processing (ADP) until his retirement in November 2011. He joined ADP in 1975 and took on various leadership roles before becoming CEO in 2006. During his time, he made sure...

Gary C. Butler served as the CEO of Automatic Data Processing (ADP) until his retirement in November 2011. He joined ADP in 1975 and took on various leadership roles before becoming CEO in 2006. During his time, he made sure the compensation for executives was linked to the company’s performance, which included metrics like earnings growth. For instance, in 2009, he earned a bonus of $2.02 million when the company performed well. By the time he retired, he had a significant stake in ADP, holding over 450,602 shares worth more than $124 million, showing his confidence in the company. Interestingly, even after leaving, Gary had a smooth transition with a separation agreement that included benefits and ensured his outstanding stock awards were managed well. His career at ADP was marked by steady growth, as he worked hard to build the firm from servicing smaller clients to becoming a leader in payroll and human capital management solutions for large businesses.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Automatic Data Processing, Inc. CEOs

A

Gary C. Butler

Ex-CEO of Automatic Data Processing, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

March 1, 1952 - 73 years ago

CEO of Automatic Data Processing, Inc. for

5 years 2 months (Aug 2006 - Nov 2011)

Previous Experience

Corporate Vice President, Group President of ADP Dealer Services, Group President of ADP Employer Services

Rivals

Competitors/colleagues of Gary C. Butler

G

Eugene A. Hall

CEO of Gartner

2021 Compensation

Stock

$3.00M

Salary

$1.20M

Bonus

$500.00K

Other

$200.00K

Total Holdings

$554.88M

V

Lee M. Shavel

CEO of Verisk Analytics, Inc.

2023 Compensation

Stock

$0.00

Salary

$925.00K

Bonus

$2.00M

Other

$37.56K

Total Holdings

$56.29M

A

Joseph A. Ferraro

CEO of Avis Budget Group

2023 Compensation

Stock

$26.83M

Salary

$1.25M

Bonus

$0.00

Other

$1.51M

Total Holdings

$1.65M

R

Jerry E. Gahlhoff, Jr.

CEO of Rollins

2023 Compensation

Stock

$1.04M

Salary

$1.00M

Bonus

$0.00

Other

$40.86K

Total Holdings

$15.07M

B

Horacio Rozanski

CEO of Booz Allen Hamilton

2023 Compensation

Stock

$1.50M

Salary

$1.20M

Bonus

$500.00K

Other

$200.00K

Total Holdings

$70.96M

Holdings

See how much did Gary C. Butler make over time.

By 2024, Gary C. Butler’s insider holdings of ADP reached over 450,602 shares. These shares were valued at more than $124 million, a testament to his strong belief in the company’s future. His stock ownership peaked after years of consistent...

By 2024, Gary C. Butler’s insider holdings of ADP reached over 450,602 shares. These shares were valued at more than $124 million, a testament to his strong belief in the company’s future. His stock ownership peaked after years of consistent performance growth, allowing him to retire with a significant net worth. This concentration of wealth signaled his confidence in ADP as a solid investment. It’s notable that he maintained this strong position after his retirement in 2011, highlighting how aligned he was with the company’s success throughout his long tenure.

Total Stock Sold

$5.61M

ADP

$5.61M

118,530 ADP shares

What if they kept their stock?

If Gary C. Butler didn't sell their stock, today they would have:
Extra ADP118,530 shares worth $16.89M.
This is 201.31% and $11.29M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gary C. Butler.

DV

2,610 shares

DV

Nov 3, 2011

Received

ADP

75,000 shares

ADP

Sep 1, 2011

Received

ADP

$6.38M

ADP at $53.81/share

May 9, 2011

Sale

ADP

4 shares

ADP

Jun 30, 2010

Received

Compensation History

See how much did Gary C. Butler make over time.

In 2011, Gary C. Butler’s total compensation was $1,181,548, which included a $1 million salary and $181,548 in other benefits. He didn’t receive bonuses or stock options during his final year, reflecting his planned retirement. This was a shift from previous years where he enjoyed bonuses averaging around $2 million linked to company performance. His compensation strategy was known for tying pay to performance metrics, ensuring that executives were rewarded based on how well ADP did in earnings and revenue growth. This philosophy not only encouraged accountability but also aimed to create value for shareholders. His careful planning for retirement ensured he left with a secure financial future, having strategically aligned his interests with the long-term success of ADP.

Year

2011

Total Compensation

$1.18M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, ensuring that a significant portion of compensation is performance-based and competitive with market standards.

Bonus

$0.00

Board Justification

No annual cash bonus was paid out in 2011 as Mr. Butler retired in November 2011.

Other

$181.55K

Board Justification

Other compensation includes a perquisite allowance of $125,000, and other benefits such as car lease and medical coverage for his spouse.

Restricted Stock

$0.00(0 RSU)

Board Justification

No performance-based restricted stock was vested in 2011 as the awards were issued in September 2012 and scheduled to vest in March 2013.

Performance Metrics

The performance metrics for determining compensation included earnings per share growth and revenue growth.

Other Automatic Data Processing, Inc. CEOs

Here are other CEOs of Automatic Data Processing, Inc.

Arthur F. Weinbach

Ex-CEO of Automatic Data Processing, Inc.

September 1998 - August 2006

Carlos A. Rodriguez

CEO of Automatic Data Processing, Inc.

November 2011 - Present