Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 63

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 63
---
 Unpaid 
 Bonus for 
   2024(1) 
       ($) |     |  Severance 
 Payment(2) 
        ($) |     |     Company 
     Portion 
  of Medical 
 Benefits(3) 
         ($) |     |  Equity Grants 
   Vesting as a 
      Result of 
 Termination(4) 
            ($) |     |   Total(5) 
        ($) |
| Scott Salmirs | 1,500,000 |     |  6,250,000 |     |      18,624 |     |     11,379,244 |     | 19,147,868 |
| Earl R. Ellis |   787,500 |     |  2,835,000 |     |      27,320 |     |      1,788,958 |     |  5,438,778 |
| Rene Jacobsen |   875,000 |     |  3,150,000 |     |      27,768 |     |      4,247,879 |     |  8,300,647 |
| Raύl Valentín |   350,000 |     |  1,700,000 |     |      27,320 |     |      1,151,285 |     |  3,228,605 |

Amount assumes target bonus at fiscal year-end 2024.

Multiple (2.5 for Mr. Salmirs; 2.0 for Messrs. Ellis, Jacobsen, and Valentín) of the sum of base salary and target bonus for the year in which the termination occurs.

The amount shown is the estimated cost for health and welfare benefits for an 18-month period for Messrs. Salmirs, Ellis, Jacobsen, and Valentín.

The value is based on $53.06 per share, the closing price per share of ABM common stock on October 31, 2024. The amount shown reflects PSs vesting at target value.

Amounts do not include the aggregate balance at fiscal year-end of nonqualified deferred compensation. These amounts are reflected in the above table captioned “Nonqualified Deferred Compensation in Fiscal Year 2024.” Amounts do not include accrued but unused vacation pay and any unpaid salary for employment through termination date.

Under his employment agreement in effect during fiscal year 2024, Mr. Salmirs would receive 2.5 times the