ABM INDUSTRIES INC DE
For the period ended Feb 14, 2025. Filed Feb 14, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Feb 14, 2025 · Filed Feb 14, 2025
Contents
Pay Versus Performance
Pay Versus Performance Table
| Year · Summary Compensation Table Total for PEO(1) · Compensation Actually Paid to PEO(1)(2) · Average Summary Compensation Table Total for Non-PEO Named Executive Officers(1) · Average Compensation Actually Paid to Non-PEO Named Executive Officers(1) (2) · Value of Initial Fixed $100 Investment Based On: · Net Income ($ millions) · Adjusted Net Income(4)($ millions) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total Shareholder Return(3) · Peer Group Total Shareholder Return(3) | ||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) |
| 2024 | $8,686,980 | $11,631,629 | $3,698,813 | $3,971,054 | $160.78 | $200.65 | $81.4 | $226.4 |
| 2023 | $8,253,602 | $5,335,253 | $2,912,020 | $2,089,755 | $119.83 | $145.35 | $251.3 | $231.9 |
| 2022 | $8,336,757 | $8,902,035 | $2,865,096 | $2,965,287 | $132.79 | $129.03 | $230.4 | $245.5 |
| 2021 | $7,556,634 | $13,980,283 | $2,895,786 | $3,692,270 | $128.94 | $139.99 | $126.3 | $240.1 |
(1) Scott Salmirs served as our principal executive officer (“PEO”) for the full fiscal year for each of 2024, 2023, 2022, and 2021. For fiscal year 2024, our non-PEO NEOs included Mr. Ellis, Mr. Feinberg, Mr. Jacobsen, Ms. Newborn, and Mr. Valentín. For fiscal years 2023 and 2022, our non-PEO named executive officers (“NEOs”) included Mr. Ellis, Mr. Feinberg, Mr. Jacobsen, and Ms. Newborn. For fiscal year 2021, our non-PEO NEOs included Mr. Ellis, Dean A. Chin, Mr. Feinberg, Mr. Jacobsen, and Ms. Newborn.
(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2024, 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:
PEO SCT Total to Compensation Actually Paid Reconciliation
| Fiscal Year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| SCT Total for PEO (column (b)) | $7,556,634 | $8,336,757 | $8,253,602 | $8,686,980 |
| - Aggregate change in actuarial present value of pension benefits | $0 | $0 | $0 | $0 |
| + Service cost of pension benefits | $0 | $0 | $0 | $0 |
| + Prior service cost of pension benefits | $0 | $0 | $0 | $0 |
| - SCT “Stock Awards” column value | $4,454,996 | $5,499,957 | $5,750,227 | $5,749,575 |
| - SCT “Option Awards” column value | $0 | $0 | $0 | $0 |
| + Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End | $4,819,970 | $5,910,698 | $4,650,057 | $7,360,856 |
| +/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End | $4,438,209 | ($39,367) | ($2,204,359) | $695,070 |
| + Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year | $0 | $0 | $0 | $0 |
| +/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year | $1,236,235 | ($205,505) | $176,327 | $341,598 |
| - Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year | $0 | $0 | $0 | $0 |
| + Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year | $384,231 | $399,409 | $209,853 | $296,700 |
| + Excess Fair Value for Equity Award Modifications | $0 | $0 | $0 | $0 |
| Compensation Actually Paid to PEO (column (c)) | $13,980,283 | $8,902,035 | $5,335,253 | $11,631,629 |
ABM Industries Incorporated 2025 Proxy Statement 47
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Non-PEO NEO Average SCT Total to Average Compensation Actually Paid Reconciliation
| Fiscal Year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Average SCT Total for Non-PEO NEOs (column (d)) | $2,895,786 | $2,865,096 | $2,912,020 | $3,698,813 |
| - Aggregate change in actuarial present value of pension benefits | $0 | $0 | $0 | $0 |
| + Service cost of pension benefits | $0 | $0 | $0 | $0 |
| + Prior service cost of pension benefits | $0 | $0 | $0 | $0 |
| - SCT “Stock Awards” column value | $1,365,593 | $1,402,456 | $1,581,287 | $1,739,859 |
| - SCT “Option Awards” column value | $0 | $0 | $0 | $0 |
| + Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End | $1,502,347 | $1,507,193 | $1,278,745 | $1,837,163 |
| +/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End | $475,245 | ($19,548) | ($613,616) | $135,875 |
| + Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year | $0 | $0 | $0 | $0 |
| +/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year | $120,555 | ($47,588) | $36,346 | $114,862 |
| - Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year | $0 | $0 | $0 | $142,775 |
| + Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year | $63,930 | $62,590 | $57,547 | $66,975 |
| + Excess Fair Value for Equity Award Modifications | $0 | $0 | $0 | $0 |
| Average Compensation Actually Paid to Non-PEO NEOs (column (e)) | $3,692,270 | $2,965,287 | $2,089,755 | $3,971,054 |
(3) For each year, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on October 30, 2020 and in accordance with Items 201(e) and 402(v) of Regulation S-K. For purposes of this pay versus performance disclosure, the Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Composite 1500 – Commercial Services and Supplies industry index (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.
(4) Adjusted Net Income is a non-GAAP measure. A reconciliation to the nearest GAAP measure, Net Income, is set forth in Appendix C.
Pay Versus Performance Relationship Descriptions
The following graphical comparisons provide descriptions of the relationships between certain figures included in the Pay Versus Performance Table for each of 2024, 2023, 2022, and 2021, including: (a) a comparison between our cumulative total shareholder return and the total shareholder return of the Peer Group; and (b) comparisons between (i) the compensation actually paid to the PEO and the average compensation actually paid to our non-PEO NEOs and (ii) each of the performance measures set forth in columns (f), (h) and (i) of the Pay Versus Performance Table.
48 ABM Industries Incorporated 2025 Proxy Statement
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ABM Industries Incorporated 2025 Proxy Statement 49
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Tabular List
The following table lists the four financial performance measures that we believe represent the most important financial performance measures we use to link compensation actually paid to our NEOs for fiscal year 2024 to our performance.
Most Important Performance Measures
Adjusted Net Income•Organic Revenue•Adjusted EBITDA•Revenue
50 ABM Industries Incorporated 2025 Proxy Statement
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.