Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 37

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 37
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 seek in our executives. Compensation for our executives is typically managed within the ranges of compensation paid by companies in the CCG. While the Committee normally references the CCG median (50th percentile) for each compensation element, the Committee uses its judgment to determine pay levels necessary to pay for performance and

ABM Industries Incorporated 2025 Proxy Statement25

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attract and retain executive talent. The Committee places significant weight on individual job performance, experience, compensation history, future potential, internal comparisons, affordability, retention risk, and in the case of executives other than the CEO, the CEO’s recommendations.

| 2024 COMPENSATION COMPARATOR GROUP                                                                                                   |                                                                                                                                                                   |                                                                                                                                          |
| Aramark ArcBest CorporationThe Brink’s CompanyBrightview HoldingsC. H. Robinson Worldwide, Inc.Cintas CorporationClean Harbors, Inc. | Comfort Systems USA, Inc. Cushman & Wakefield plcEMCOR Group, Inc.Insperity, Inc.Iron Mountain IncorporatedJ.B. Hunt Transport Services, Inc.Kelly Services, Inc. | Republic Services, Inc.Robert Half International Inc.Stericycle, Inc.United Rentals, Inc.Waste Connections, Inc.Werner Enterprises, Inc. |

In September 2023, the Committee reviewed the CCG and determined for fiscal year 2024 to remove one smaller company, TrueBlue, Inc., that fell outside the revenue screen and added two companies, Clean Harbors, Inc. and Waste Connections, Inc., that are similar to the Company in terms of size and business fit.

Elements of Compensation

The material components of our executive compensation program and their purposes and characteristics are summarized below.

| Pay Element                                                                  | Description and Purpose                                                                                                                                                                                                                          | Link to Business and Strategy                                                                                                                                                                              |
| Base salary – payable in cash                                                | •Fixed compensation, designed to recognize individual responsibilities, performance, leadership skills and time in role; annual review and adjustment, if appropriate                                                                            | •Competitive base pay intended to attract and retain strong executive talent capable of leading the Company in our dynamic and competitive environment                                                     |
| Annual short-term incentives – payable in cash                               | •Variable, at-risk compensation designed to reward annual performance related to Company key financial and operational measures as well as individual objectives                                                                                 | •Design of short-term incentives is evaluated annually for alignment with Company strategy; metrics are focused on financial and individual performance targets aligned with short-term company objectives |
| Long-term incentives – structured as equity awards, settled in Company stock | •Variable