Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 59

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 59
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 than a year prior to her termination date will continue to vest and, in the case of PSs, payout, if any, will be based on the achievement of the goals as determined by the Compensation Committee after the end of the applicable performance period. Upon Ms. Newborn’s retirement, the value of her RSU and PS awards (assuming achievement at a target award level) would have been $2,292,080. Ms. Newborn remains subject to the restrictive covenants in her Employment Agreement, including 12-month non-competition and non-solicitation of employees and customers provisions, and confidentiality obligations. Ms. Newborn did not receive any additional payments or benefits in connection with her retirement.

<div align='center'>Potential Payments upon Qualifying Terminations of Employment

Following a Change-in-Control</div>

The following table estimates potential payments for Messrs. Salmirs, Ellis, Jacobsen and Valentín, if there had been a change-in-control on October 31, 2024, and either the executive’s employment had been terminated involuntarily or the executive had terminated employment for “good reason”. All amounts shown are lump-sum payments, unless otherwise noted.

| Name          |    Unpaid 
 Bonus for 
   2024(1) 
       ($) |     |       Severance 
 Compensation(2) 
             ($) |     |  Health and 
       ERISA 
     Welfare 
 Benefits(3) 
         ($) |     |     Equity 
     Grants 
 Vesting(4) 
        ($) |     |   Total(5) 
        ($) |
| Scott Salmirs | 1,500,000 |     |       7,500,000 |     |      32,062 |     | 18,478,891 |     | 27,510,953 |
| Earl R. Ellis |   787,500 |     |       2,835,000 |     |      44,633 |     |  4,812,885 |     |  8,480,018 |
| Rene Jacobsen |   875,000 |     |       3,150,000 |     |      46,496 |     |  8,747,530 |     | 12,819,026 |
| Raύl Valentín |   350,000 |     |       1,250,000 |     |      44,934 |     |  2,231,