Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 43

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 43
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 year over year growth versus targets calculated using an established standard growth rate set at the beginning of the three-year performance period. Possible funding levels of financial metrics are 0% to 200%, subject to modification via a multiplier on a scale of 80% to 120% of the earned award based on the Company’s TSR performance relative to the S&P Composite 1500 Commercial Services & Supplies Index over the three-year performance period from November 1, 2023 to October 31, 2026. Possible payouts for the 2024-2026 TSR-Modified Performance Shares range from 0% to 240% of target based on achievement of the Company financial metric goals (as adjusted by the TSR-modifier).

Possible award funding levels for the 2024-2026 TSR-Modified Performance Shares as to the financial metrics are set forth in the following table.

ABM Industries Incorporated 2025 Proxy Statement31

| ____________________________________________________________________________________ |

| Performance 
 Level       | % Achievement for Each Company Financial Metric |     Award 
 Funding % |
| Maximum     | ≥ 135                                           |       200 |
|             | ≥ 125                                           |       150 |
|             | ≥ 115                                           |       125 |
| Target      | ≥ 95 - 105                                      |       100 |
|             | ≥ 90                                            |        85 |
| Threshold   | ≥ 75                                            |        50 |
|             | < 75                                            |         0 |

Possible TSR-Modification levels for the 2024-2026 TSR-Modified Performance Shares are set forth below. The modification percentage will be multiplied by the weighted payout results from the Company financial metrics to determine the final award payouts.

<div align='center'>2024-2026 TSR Performance Share Table</div>

|           | ABM Three-Year  
 Percentile      
 Ranking         | Modification Percentage Applies to Shares Earned |
| Threshold | 25th Percentile | 80%                                              |
| Target    | 50th Percentile | 100%                                             |
| Maximum   | 75th Percentile | 120%                                             |

The Committee considers market data and the mix of compensation at risk when establishing the long-term incentive opportunity for each NEO. Generally, the Committee approves an equity award at a specific dollar value for each recipient based on a multiple of the recipient’s base salary. The dollar value of the award is determined after taking into consideration various factors, including a market analysis prepared by the Committee’s consultant and the overall mix