Form 4: ABM General Counsel Reports Equity Transactions

ABM Industries' EVP and General Counsel, Miranda Rose Tolar, reported recent acquisitions and dispositions of common stock related to equity awards and tax withholdings.

Summary

• Miranda Rose Tolar, Executive Vice President and General Counsel of ABM Industries Inc. /DE/, reported several transactions involving the company's common stock.
• On January 8, 2026, Tolar acquired 7,950 shares of common stock through Restricted Stock Units (RSUs) granted under the 2021 Equity and Incentive Compensation Plan, with a price of $0.0000 per share.
• These RSUs represent a contingent right to receive shares, vesting in three equal annual installments starting one year from the grant date, and include dividend equivalent rights.
• Following this acquisition, Tolar beneficially owned 16,966 shares.
• On January 9, 2026, Tolar disposed of 722 shares of common stock at a price of $44.69 per share, likely for tax withholding purposes (transaction code 'F').
• After this disposition, Tolar's beneficial ownership decreased to 16,244 shares.
• On January 10, 2026, Tolar acquired an additional 1,270 shares of common stock at a price of $0.0000 per share, resulting from the vesting of performance shares granted in January 2023, based on the satisfaction of performance criteria.
• This increased beneficial ownership to 17,514 shares.
• Also on January 10, 2026, Tolar disposed of 523 shares of common stock at a price of $44.69 per share, again likely for tax withholding.
• The final reported beneficial ownership after these transactions is 16,991 shares, which includes shares acquired through dividend reinvestment exempt under Rule 16a-11.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to equity compensation and tax withholdings, which are standard practice and do not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• Acquisition of 7,950 shares of common stock through Restricted Stock Units (RSUs) on January 8, 2026, indicating ongoing equity compensation.
• Acquisition of 1,270 shares of common stock on January 10, 2026, due to the vesting of performance shares, signifying the achievement of performance criteria.

Negatives

• Disposition of 722 shares of common stock on January 9, 2026, at $44.69 per share for tax withholding purposes.
• Disposition of 523 shares of common stock on January 10, 2026, at $44.69 per share for tax withholding purposes.

Future Outlook

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

Industry Context

This Form 4 filing details routine insider equity transactions, specifically related to executive compensation through Restricted Stock Units and performance share vesting. Such transactions are common across publicly traded companies as part of their executive incentive and retention programs, aligning management interests with shareholder value.

Stakeholder Impact

• Shareholders: The transactions represent routine equity compensation for an executive, which is a standard component of corporate governance and executive alignment with shareholder interests. The dispositions for tax purposes are also standard and do not reflect a change in investment conviction.
• Employees: The equity awards reflect the company's compensation structure for its executives.

Next Steps

• The Restricted Stock Units (RSUs) granted on January 8, 2026, will vest in three equal annual installments, with the first installment occurring one year from the grant date.

Key Dates

Keywords

ABM Industries, Form 4, Insider Transaction, Equity Compensation, Restricted Stock Units, Performance Shares, Stock Vesting, Common Stock, Executive Compensation