Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 52

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 52
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 A discussion of assumptions used in calculating these values may be found in Note 15, “Share-Based Compensation Plans,” in the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024. The target values for 2024-2026 TSR-Modified Performance Shares granted in fiscal year 2024 under the 2024-2026 Performance Share Program are as follows: Mr. Salmirs, $4,137,354; Mr. Ellis, $1,133,255; Mr. Jacobsen, $1,510,990; Ms. Newborn, $827,471; Mr. Valentín, $629,557; and Mr. Feinberg, $1,079,293. The maximum possible values for 2024-2026 TSR-Modified Performance Shares granted in fiscal year 2024 under the 2024-2026 Performance Share Program are as follows: Mr. Salmirs, $9,929,648; Mr. Ellis, $2,719,813; Mr. Jacobsen, $3,626,375; Ms. Newborn, $1,985,930; Mr. Valentín, $1,510,937; and Mr. Feinberg, $2,590,304. These values are calculated using the October 31, 2024 closing price of $53.06 per share. For Mr. Jacobsen, this includes a one-time grant of RSUs with a value of approximately $1.5 million to recognize Mr. Jacobson’s significant contributions to the Company, while providing additional retention to Mr. Jacobson during the Company’s critical transformation period. The award will vest in full on the second anniversary of the grant date.

Amounts shown in this column represent annual performance-based cash payments under the CIP, as described in the Compensation Discussion & Analysis.

The Company factors the dollar value of dividends or other earnings paid on stock awards into the aggregate grant date fair value calculations reflected in the “Stock Awards” column of this table. As such the 2022 amounts shown have been revised to remove the value of the DEUs credited on outstanding RSUs and PSs for such years. For fiscal year 2023, in addition to the below, it also included an executive health benefit for Mr. Salmirs and Mr. Ellis. For fiscal year 2024, this column represents:

for Mr. Salmirs: ABM