Form 4: AECOM Director Daniel Tishman Gifts Shares

AECOM Director Daniel R. Tishman reported a planned gift of 27,935 shares of common stock effective September 5, 2025.

Summary

• Daniel R. Tishman, a Director of AECOM, reported a planned disposition of common stock.
• The transaction involves gifting 27,935 shares of AECOM common stock.
• The transaction is scheduled to occur on September 5, 2025, at a price of $0 per share, indicating a gift.
• Following this transaction, Mr. Tishman will directly own 21,675 shares and indirectly own 356 shares through the AECOM Retirement & Savings Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned gift, not a sale for profit, which typically has a neutral impact. While it reduces direct ownership, it is not necessarily a negative signal about the company's prospects.

Positives

• The transaction is a gift, not a sale for personal profit, which can be viewed more neutrally than open market sales.
• The transaction is pre-scheduled under a Rule 10b5-1 plan, indicating a planned disposition rather than an immediate reaction to market conditions.

Negatives

• A significant number of shares (27,935) are being disposed of, reducing the director's direct ownership, even though it is a gift.

Risks

• The reduction in direct ownership by a director, even through a gift, could be perceived as a slight decrease in insider alignment, though the director retains a substantial holding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: A slight reduction in a director's direct ownership, though through a gift, might be viewed neutrally to slightly negatively by some, but the overall impact is likely minimal given the pre-planned nature and the director's remaining holdings.

Key Dates

Recommendation

The filing reports a pre-planned gift of shares by a director. This is a routine insider transaction, not indicative of a change in company fundamentals or a strong signal for buying or selling. The director retains a significant stake. Therefore, a 'hold' recommendation is appropriate as this specific filing does not provide new information warranting a change in investment thesis.

Keywords

AECOM, ACM, Daniel R. Tishman, Form 4, insider transaction, common stock, share disposition, gift, director, 10b5-1 plan