Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 46

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 46
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%             | 100%            | 120%            |
| ABM Three-Year TSR Performance                                                                                          | 48th Percentile |                 |                 |
| Total Three-Year Weighted Average Payout (from Results of 2022-2024 TSR-Modified Performance Share Program table above) | 62%             |                 |                 |
| Modification Percentage Applied to ABM TSR Performance Shares                                                           | 98%             |                 |                 |
| Final Payout of 2022-2024 TSR Performance Shares after Modifier                                                         | 61%             |                 |                 |

For the three-year performance period, the Company’s TSR performance ranked in the 48th percentile of the S&P Composite 1500 Commercial Services & Supplies Index, resulting in a modification under the 2022-2024 TSR-Modified Performance Shares of 98%. Applying this multiplier to the Company’s weighted payout results based on Company financial metrics (62%) resulted in a final payout for the 2022-2024 TSR-Modified Performance Shares at 61% of target.

| Named Executive Officer |       2022-2024 
 TSR Performance 
          Shares 
     (Target)(1) |       2024-2024 
 TSR Performance 
          Shares 
     (Earned)(1) |
| Scott Salmirs           |          93,609 |          57,101 |
| Earl R. Ellis           |          21,444 |          13,081 |
| Rene Jacobsen           |          35,721 |          21,802 |
| Andrea R. Newborn       |          18,722 |          11,420 |
| Raύl Valentín           |           7,233 |           4,412 |
| Joshua H. Feinberg      |          17,868 |          10,899 |

Includes dividend equivalent units accrued on earned shares as of January 8, 2025.

Other Compensationand Governance-Related Matters

Employment and Change-in-Control Agreements

Each of our NEOs has entered into an employment agreement with the Company. The form of agreement reflects an “at-will” employment relationship, while at the same time affording some income security by specifying certain severance payments upon involuntary or constructive termination. Under the terms of these employment agreements, an executive whose employment is terminated without cause by the Company, or who resigns for “good reason” (as such terms are defined in the NEOs’ respective employment agreements),