Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 28

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 28
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, and may meet in executive session during specially called meetings.

We do not have a policy regarding directors’ attendance at our annual meetings of stockholders; however, all directors are encouraged to attend. All of our directors attended the 2024 Annual Meeting of Stockholders.

<div align='center'>DIRECTOR COMPENSATION FOR FISCAL YEAR 2024</div>

ABM compensates non-employee directors through a combination of annual cash retainers, fees relating to chairing or serving on a committee, and equity grants. ABM also reimburses its directors for out-of-pocket expenses incurred in attending Board and Committee meetings. Equity awards to non-employee directors in fiscal year 2024 were granted under our stockholder-approved 2021 Equity and Incentive Compensation Plan. The Governance Committee reviews the compensation of non-employee directors periodically and recommends changes to the Board whenever it deems appropriate. Pay Governance LLC (“Pay Governance”), the Compensation Committee’s independent consultant, periodically provides information regarding non-employee director compensation to the Governance Committee. For fiscal year 2024, the annual cash retainer for non-employee directors, other than the chairman of the board, increased from $85,000 to $90,000. The annual cash retainer for the chairman of the board increased from $175,000 to $190,000. The annual committee member cash retainer for the Governance Committee members and the Stakeholder and Enterprise Risk Committee members each increased from $10,000 to $12,500. Additionally, the annual equity retainer for non-employee directors, other than the chairman of the board increased from $150,000 to $160,000, and the annual board equity retainer for the chairman of the board increased from $180,000 to $220,000. The following table describes the components of the non-employee director compensation program in effect during 2024.

<div align='center'>2024 Non-Employee DirectorCompensation Elements</div>

| Compensation Element                                                                                                              | 2024 Compensation Program                                                     |
| Annual Board Cash Retainer                                                                                                        | •$190,000 for Chairman of the Board                                           
 •$90,000 for other non-employee directors                                     |
| Annual Board Equity Retainer                                                                                                      | •$220,000 for Chairman of the Board (vesting one year from grant date)        
 •$160,000 for other non-employee directors (vesting one year from grant date) |
| Board and Committee Meeting Attendance Fees                                                                                       | None                                                                          |
| Annual