JACOBSEN RENE 4/A
Research Summary
AI-generated summary
ABM (ABM) COO Rene Jacobsen Withholds 1,007 Shares for Taxes
What Happened
Rene Jacobsen, Chief Operating Officer of ABM Industries (ABM), had 1,007 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units and relative-total shareholder return modified performance shares. The withholding occurred on January 10, 2026 at $44.69 per share, representing $45,003 in aggregate. This was a tax-withholding disposition (code F), a routine administrative action rather than an open-market sale or new purchase.
Key Details
- Transaction date and price: January 10, 2026 — 1,007 shares withheld at $44.69/share (total $45,003).
- Transaction type: Tax withholding to satisfy tax liability on vested RSUs and performance shares (Form 4 code F).
- Shares owned after transaction: Not specified in this amendment; the filing notes prior reported totals were affected.
- Filing / amendments: This is an amended Form 4 filed January 23, 2026. An earlier Form 4 filed January 12, 2026 inadvertently omitted these 1,007 withheld shares; a subsequent Form 4 on January 15, 2026 was also affected. The amendment corrects those omissions.
- Footnote summary: The withheld shares were omitted in earlier filings and have now been properly reported.
Context
Tax-withholding on vested awards is common and generally administrative—it reduces outstanding shares held by the insider to cover tax obligations and does not necessarily signal a change in the insider’s view of the company. This was not an open-market sale; shares were retained by the company to pay taxes related to equity awards.