Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 45

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 45
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 of 80% to 120% of the earned award based on the Company’s TSR performance relative to the S&P Composite 1500 Commercial Services & Supplies Index over the three-year performance period. Possible payouts for the 2022-2024 TSR-Modified Performance Shares ranged from 0-240% of target based on achievement of the Company financial metric goals (as adjusted by the TSR-modifier, as set forth in the tables below).

Award funding levels for the 2022-2024 TSR-Modified Performance Shares as to the financial metrics are set forth in the following table. The achievement levels are measured against budgeted performance in year one and against the pre-determined growth rates in years two and three.

| Performance 
 Level       | % Achievement for Each Company Financial Metric | AwardFunding % |
| Maximum     | ≥ 135                                           |            200 |
|             | ≥ 125                                           |            150 |
|             | ≥ 115                                           |            125 |
| Target      | ≥ 95 — 105                                      |            100 |
|             | ≥ 90                                            |             85 |
| Threshold   | ≥ 75                                            |             50 |
|             | < 75                                            |              0 |

ABM Industries Incorporated 2025 Proxy Statement33

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Results of 2022-2024 TSR-Modified Performance Share Program

The following table summarizes the 2022-2024 TSR-Modified Performance Share Program results based on Company financial metrics.

<div align='center'>Results of 2022-2024 TSR-Modified Performance Share Program</div>

| Metric                                   | Weight                        |                          Year | Threshold                     | Target         | Maximum  | 2022-2024 Results | Funding Level |
| M&A Adjusted EBITDA(1)                   | 75%                           |                          2022 | $362.0M                       | $482.0M        | $651.0M  | 2022: $492.3M     | 100%          |
| 2023                                     | 3.0%                          
 growth over prior year actual |                          4.0% 
 growth over prior year actual | 5.4%                          
 growth over prior year actual | 2023:3.7%      
 growth         | 90%      |                   |               |
| 2024                                     | 2024: -13.3%                  
 growth                        |                            0% |                               |