Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 73

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 73
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 to adopt and approve the ABM Industries Incorporated 2021 Equity and Incentive Compensation Plan (Amended and Restated February 10, 2025) (the “Amended Plan”) to continue our ability to provide to our non-employee directors, officers and other employees, and certain consultants, equity and cash incentive awards that reward their service and performance.

Subject to adjustment as provided in the Amended Plan and the applicable share counting rules as described herein, the number of shares of common stock authorized for issuance under the Amended Plan is 6,400,000. The total number of shares of common stock with respect to which awards presently may be granted under our current ABM Industries Incorporated 2021 Equity and Incentive Compensation Plan (Amended and Restated October 26, 2023) (the “Current Plan”) is 3,975,000, and the Board recommends that our stockholders approve an increase to the number of shares authorized for issuance under the Current Plan by 2,425,000 shares, for an aggregate of 6,400,000 shares authorized for issuance under the Amended Plan.

The following table provides certain information regarding shares available for issuance and outstanding awards issued under the Current Plan following the Company’s 2025 annual grants made before January 27, 2025:

|                                                                                                                          | January 27, 2025 |
|:-------------------------------------------------------------------------------------------------------------------------|-----------------:|
| Shares of common stock underlying outstanding options                                                                    |           34,722 |
| Weighted-average exercise price of outstanding options                                                                   |           $13.01 |
| Weighted-average remaining term of outstanding options (years)                                                           |           N/A(2) |
| Shares of common stock underlying outstanding RSUs and PSs (assumes maximum performance for outstanding unearned PSs)(1) |        2,267,692 |
| Estimated total shares remaining available for future issuance                                                           |          727,558 |
| Record date common shares outstanding                                                                                    |       62,213,237 |

(1) Includes 1,220,883 shares of common stock underlying outstanding RSUs and 1,046,809 shares of common stock underlying outstanding PSs (assuming the maximum level of performance).

(2) There is an indefinite number of years remaining for the outstanding options because the prior plan does not define an expiration date and instead states that the participant can exercise the options one year after the termination date and the termination date is unknown.

The following is a summary of the Amended Plan