Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 41

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 41
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 the 20% Personal Objectives component of his 2024 CIP award.

As described above, Financial Objectives, which comprised 70% of Mr. Salmirs’ cash incentive compensation, were funded at 120.6%, and Safety Objectives, which comprised 10% of Mr. Salmirs’ CIP, were funded at 118.0%. Accordingly, Mr. Salmirs was awarded a 2024 CIP payment of $1,923,605, which represents 128.2% of his overall target.

| Objectives           | Weighting | Funding Level                 
 (rounded to the nearest 10th) | Weighted Funding Level |      Target 
       Bonus 
 Opportunity |                          Payout 
 (rounded to the nearest dollar) |
| Financial Objectives | 70%       | 120.6%                        | 84.4%                  |  $1,050,000 |                      $1,266,605 |
| Safety Objectives    | 10%       | 118.0%                        | 11.8%                  |    $150,000 |                        $177,000 |
| Personal Objectives  | 20%       | 160.0%                        | 32.0%                  |    $300,000 |                        $480,000 |
| Total                | 100%      |                               | 128.2%                 |  $1,500,000 |                      $1,923,605 |

2024 Personal Objectives Achievements and CIP Award Payments for Our Other NEOs

For fiscal 2024, the Committee considered the performance of Mr. Ellis, Mr. Jacobsen, Ms. Newborn and Mr. Valentín against their Personal Objectives in a process that involved discussions with Mr. Salmirs. After considering the perspectives of Mr. Salmirs, the Committee concluded that Mr. Ellis, Mr. Jacobsen, Ms. Newborn and Mr. Valentín delivered on their Personal Objectives as described in the table below. Pursuant to his Separation Agreement (as defined below), for fiscal year 2024, Mr. Feinberg’s Personal Objectives were deemed earned at target.

ABM Industries Incorporated 2025 Proxy Statement29

| ____________________________________________________________________________________ |

| Named Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 2024 Personal Objectives Achievements                                                                                                                                                                                                                                                                                                                            |
| Earl R. Ellis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 Executive Vice President and Chief Financial Officer