Form 4: ABM COO Rene Jacobsen Reports Equity Transactions

ABM Industries' EVP & COO Rene Jacobsen reported the acquisition of restricted stock units and vested performance shares, alongside dispositions for tax withholding.

Summary

• Rene Jacobsen, EVP & Chief Operating Officer of ABM Industries Inc., reported several transactions involving the company's common stock.
• On January 8, 2026, Jacobsen acquired 22,887 shares of common stock through a grant of Restricted Stock Units (RSUs) under the 2021 Equity and Incentive Compensation Plan, with a price of $0.0000 per share.
• On January 9, 2026, Jacobsen disposed of 21,445 shares of common stock at a price of $44.69 per share, primarily for tax withholding purposes.
• On January 10, 2026, Jacobsen acquired 22,230 shares of common stock at a price of $0.0000 per share, resulting from the vesting of relative-total stockholder return modified performance shares granted in January 2023.
• Also on January 10, 2026, Jacobsen disposed of a total of 13,025 shares (2,003 shares and 11,022 shares) of common stock at a price of $44.69 per share, primarily for tax withholding purposes.
• Following these transactions, Jacobsen's direct beneficial ownership of common stock is 82,748 shares, which includes shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. The report details routine executive compensation events, specifically the grant of new equity and the vesting of previously awarded performance shares, indicating continued alignment of executive interests with shareholders. The dispositions are for tax withholding, which is a standard practice and not indicative of a negative outlook.

Positives

• The grant of 22,887 Restricted Stock Units (RSUs) aligns executive interests with long-term shareholder value.
• The vesting of 22,230 performance shares indicates the satisfaction of specified performance criteria, reflecting positively on the company's operational and strategic achievements.

Future Outlook

The Restricted Stock Units (RSUs) granted on January 8, 2026, are scheduled to vest in three equal annual installments, with the first installment beginning one year from the grant date. These RSUs will settle in shares of common stock and will accrue dividend equivalent rights.

Stakeholder Impact

• Shareholders: The grant and vesting of equity awards to a key executive like the EVP & COO generally align management's interests with those of shareholders, potentially fostering long-term value creation.
• Employees: Executive compensation structures, including equity grants, can influence overall compensation philosophy and morale within the company.

Next Steps

• The first installment of the 22,887 Restricted Stock Units (RSUs) is expected to vest on or around January 8, 2027, with subsequent installments annually thereafter.

Key Dates

Keywords

ABM Industries, Rene Jacobsen, Form 4, Insider Transaction, Equity Compensation, Restricted Stock Units, Performance Shares, Executive Compensation, Stock Vesting, Tax Withholding