Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 9

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 9
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erm Employment Agreements             |
| •   No Gross-Ups for Taxes                          |
| •   No Repricing of Stock Options                   |
| •   No Mid-cycle Adjustments to Performance Metrics |
| •   No Hedging and Pledging of ABM Stock            |

Our Executive Compensation Programs

In fiscal year 2024, our compensation programs continued to reflect the compensation philosophy established by our Compensation Committee – one that is intended to align our executives’ compensation with our strategic goals, and motivate and retain executives who are critical to our future success and long-term performance. Key features of our compensation philosophy include:

| ► | Performance-Based – Tie significant portions of compensation to performance metrics that align to our short-term and long-term business goals;                                                                                                                                  |
| ► | Align with Stockholder Interests – Align each executive’s interests with stockholders’ interests by requiring significant stock ownership and paying a significant portion of compensation in equity subject to performance conditions and multi-year vesting requirements; and |
| ► | Market Competitiveness – Attract and retain key executives who possess the capability to lead the business forward by providing innovative and effective service to our clients and customers.                                                                                  |

Elements of Total Direct Compensation:

| ► | Base Salary – Fixed cash compensation with adjustments tied to individual responsibilities, performance and marketplace dynamics; |
| ► | Annual Cash Incentive Program – Focuses on near-term performance objectives reflecting Company strategy;                          |
| ► | Performance-Based Equity Grants – Aligns business objectives with longer-term stockholder interests; and                          |
| ► | Time-Based Equity Grants – Fosters retention by delivering more stable value and continuity of leadership.                        |

ABM Industries Incorporated 2025 Proxy Statementvii

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At-Risk Compensation

A significant portion of our executives’ compensation is at risk. At-risk compensation includes: annual cash incentive compensation (“bonus”), which is tied to annual financial and individual performance measures; performance-based equity awards, which are paid only if performance metrics established at the beginning of the three-year performance period are met; and time-based equity awards. Approximately 88% of our CEO’s compensation is at risk. An average of approximately 79% of our other named executive officers’ (“NEOs”) compensation is at risk.

| CEO COMPENSATION | NEO COMPENSATION |

viiiABM Industries Incorporated 2025 Proxy Statement

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| CORPORATE GOVERNANCE AND BOARD MATTERS                                          |
| PROPOSAL 1—ELECTION OF TEN DIRECTOR