Form 4: ABM CFO Orr Reports Equity Transactions

ABM Industries' EVP & CFO David Marshall Orr reported the acquisition of restricted stock units and performance shares, alongside disposals for tax withholding.

Summary

• David Marshall Orr, EVP & Chief Financial Officer of ABM Industries Inc., reported changes in his beneficial ownership of common stock.
• On January 8, 2026, Orr acquired 10,904 shares of common stock through restricted stock units (RSUs) granted under the 2021 Equity and Incentive Compensation Plan. These RSUs vest in three equal annual installments starting one year from the grant date and include dividend equivalent rights.
• On January 9, 2026, Orr disposed of 588 shares of common stock at a price of $44.69, likely for tax withholding purposes related to equity vesting.
• On January 10, 2026, Orr acquired 2,161 shares of common stock due to the vesting of performance shares that were granted in January 2023, based on the satisfaction of performance criteria.
• Also on January 10, 2026, Orr disposed of 2,637 shares of common stock at a price of $44.69, likely for tax withholding purposes.
• Following these transactions, Orr's direct beneficial ownership stands at 36,264 shares, which includes shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The filing indicates routine executive compensation activities, including the vesting of performance-based awards, which is generally positive as it suggests performance criteria were met. The disposals are standard for tax withholding. No significant negative or unexpected events are reported.

Positives

• Acquisition of 10,904 restricted stock units (RSUs) on January 8, 2026, indicating ongoing equity compensation and alignment with shareholder interests.
• Vesting of 2,161 performance shares on January 10, 2026, demonstrating the achievement of specified performance criteria.
• The net effect of acquisitions and disposals resulted in a final beneficial ownership of 36,264 shares, which includes dividend reinvestment.

Negatives

• Disposal of 588 shares on January 9, 2026, and 2,637 shares on January 10, 2026, both at $44.69, likely for tax withholding purposes, reducing direct beneficial ownership.

Future Outlook

NA

Industry Context

This filing reflects routine executive equity compensation practices common across publicly traded companies, where restricted stock units and performance shares are used to align management incentives with long-term shareholder value. The disposals for tax withholding are standard practice upon vesting.

Stakeholder Impact

• Shareholders: The vesting of performance shares indicates that management has met certain performance criteria, which could be viewed positively. The equity awards align management's interests with shareholder value.
• Employees: The filing pertains specifically to executive compensation and does not directly impact the broader employee base, though it reflects the company's compensation philosophy for senior leadership.

Next Steps

• The acquired restricted stock units (RSUs) will vest in three equal annual installments beginning one year from the grant date.

Key Dates

Recommendation

This Form 4 filing details routine executive equity compensation events, including the vesting of restricted stock units and performance shares, along with associated tax-related disposals. These transactions are standard and do not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. The activity reflects the normal course of executive incentive plans.

Keywords

ABM Industries, ABM, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units, Performance Shares, Executive Compensation, David Marshall Orr, CFO, Stock Vesting