Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 38

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 38
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, at-risk compensation that consists of a mix of performance-based and time-based equity awards; designed to motivate and retain our NEOs to achieve the Company’s long-term goals aligning them with the interests of our stockholders | •Programs are evaluated annually for alignment with achievement of Company’s long-term strategic objectives; metric selection aligned with achieving business strategy and priorities in the long-term     |

Using the elements of compensation described above, we structure our program in a way that places a significant portion of our executives’ compensation at risk. At-risk compensation includes: annual cash incentive compensation (“Bonus”) that is tied to annual financial, safety and individual performance measures; performance-based equity awards that are paid only if performance metrics established at the beginning of the three-year performance period are met (“PSs”); and time-based equity awards ("RSUs" together with PSs, “LTIs”). As reflected in the charts below, approximately 88% of our CEO’s compensation is at risk. Approximately 79% of our other NEOs’ compensation is at risk.

26ABM Industries Incorporated 2025 Proxy Statement

| ____________________________________________________________________________________ |

| CEO COMPENSATION | NEO COMPENSATION |

HOW WE COMPENSATED OUR NEOs IN 2024

2024 Base Salary

The Committee reviews total compensation, including base salaries, for executives in the first quarter of each fiscal year, and as needed, in connection with recruitment, promotions or other changes in responsibilities that occur during the year. Base salary amounts affect potential annual cash performance incentive payments and equity award grant amounts, since these other compensation elements are based on a percentage of base salary. The following table shows each NEO’s 2023 and 2024 base salaries as of January 1 of each fiscal year. Annual changes in base salary typically become effective on January 1.

| NAMED EXECUTIVE OFFICER | 2023 Annual 
 Base Salary | 2024 Annual 
 Base Salary |
| Scott Salmirs           |  $1,000,000 |  $1,000,000 |
| Earl R. Ellis           |    $630,000 |    $630,000 |
| Rene Jacobsen           |    $700,000 |    $700,000 |
| Andrea Newborn          |    $575,000 |    $575,000 |
| Raύl Valentín           |    $475,000 |    $500,000 |
| Joshua H. Feinberg      |    $600,000 |    $600