Gallo Thomas James 4

What Happened

• Thomas James Gallo, Executive Vice President & Chief Strategy Officer of ABM Industries (ABM), received a total of 7,245 shares via awards (RSUs/performance-share vesting) and had 4,081 shares withheld/disposed to cover tax liabilities. The awards were recorded at $0 (RSUs/vesting). The withheld/disposed shares were recorded at $44.69 per share for total proceeds of about $182,380 (927 shares = $41,428; 3,154 shares = $140,952). The disposals are routine tax-withholding transactions (code F), not open-market selling for investment reasons.

Key Details

• Transaction dates and prices:
  • 2026-01-08: 5,281 shares acquired (award/RSU) at $0.00
  • 2026-01-09: 927 shares disposed for tax liability at $44.69 ($41,428)
  • 2026-01-10: 1,964 shares acquired (award/RSU) at $0.00
  • 2026-01-10: 3,154 shares disposed for tax liability at $44.69 ($140,952)
• Total: 7,245 shares acquired (awards/vesting); 4,081 shares withheld/disposed; proceeds ≈ $182,380.
• Shares owned after the transactions: not specified in the filing.
• Footnotes:
  • F1: Awards were restricted stock units (RSUs) under the 2021 Equity and Incentive Compensation Plan (vest over three years; settle in shares; dividend equivalents accrue).
  • F2: Some shares represent vested performance shares granted Jan 2023 that met performance criteria.
• Filing date: Form 4 filed 2026-02-27 for transactions on 2026-01-08 to 2026-01-10 — the filing appears not to be timely (filed more than the usual 2-business-day window).

Context

• These transactions are compensation-related (RSU grants and performance-share vesting) with shares withheld to satisfy tax obligations — common, routine insider activity and not the same signal as an open-market buy or sell.
• Code F indicates payment of tax liability (withholding/cashless settlement), meaning shares were surrendered to cover taxes rather than a discretionary sale.