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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

Pay Versus Performance Table

Year

Summary Compensation Table Total for PEO(1)

Compensation Actually Paid
to PEO
(1)(2)

Average Summary Compensation Table Total for Non-PEO Named Executive Officers(1)

Average Compensation Actually Paid to Non-PEO Named Executive Officers(1) (2)

Value of Initial Fixed $100 Investment Based On:

Net Income
($ millions)

Adjusted Net Income(4)

($ millions)

 

 

 

 

 

Total Shareholder Return(3)

Peer Group Total Shareholder Return(3)

 

 

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

2023

$8,253,602

$5,335,253

$2,912,020

$2,089,755

$119.83

$145.35

$251.3

$231.9

2022

$8,336,757

$8,902,035

$2,865,096

$2,965,287

$132.79

$129.03

$230.4

$245.5

2021

$7,556,634

$13,980,283

$2,895,786

$3,692,270

$128.94

$139.99

$126.3

$240.1

(1) Scott Salmirs served as our principal executive officer (“PEO”) for the full fiscal year for each of 2023, 2022, and 2021. For fiscal years 2023 and 2022, our non-PEO named executive officers (“NEOs”) included Earl R. Ellis, Joshua H. Feinberg, Rene Jacobsen, and Andrea R. Newborn. For fiscal year 2021, our non-PEO NEOs included Mr. Ellis, Dean A. Chin, Mr. Feinberg, Ms. Jacobsen, and Ms. Newborn.

(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:

PEO SCT Total to Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

SCT Total for PEO (column (b))

$7,556,634

$8,336,757

$8,253,602

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

- SCT “Stock Awards” column value

$4,454,996

$5,499,957

$5,750,227

- SCT “Option Awards” column value

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,819,970

$5,910,698

$4,650,057

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,438,209

($39,367)

($2,204,359)

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$1,236,235

($205,505)

$176,327

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$384,231

$399,409

$209,853

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

Compensation Actually Paid to PEO (column (c))

$13,980,283

$8,902,035

$5,335,253

 

Non-PEO NEO Average SCT Total to Average Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

Average SCT Total for Non-PEO NEOs (column (d))

$2,895,786

$2,865,096

$2,912,020

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

- SCT “Stock Awards” column value

$1,365,593

$1,402,456

$1,581,287

- SCT “Option Awards” column value

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$1,502,347

$1,507,193

$1,278,745

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$475,245

($19,548)

($613,616)

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$120,555

($47,588)

$36,346

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$63,930

$62,590

$57,547

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

Average Compensation Actually Paid to Non-PEO NEOs (column (e))

$3,692,270

$2,965,287

$2,089,755

(3) For each year, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on October 30, 2020 and in accordance with Items 201(e) and 402(v) of Regulation S-K. For purposes of this pay versus performance disclosure, the Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Composite 1500 – Commercial Services and Supplies industry index (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.

(4) Adjusted Net Income is a non-GAAP measure. A reconciliation to the nearest GAAP measure, Net Income, is set forth in Appendix A.

   
Company Selected Measure Name Adjusted Net Income    
Named Executive Officers, Footnote

(1) Scott Salmirs served as our principal executive officer (“PEO”) for the full fiscal year for each of 2023, 2022, and 2021. For fiscal years 2023 and 2022, our non-PEO named executive officers (“NEOs”) included Earl R. Ellis, Joshua H. Feinberg, Rene Jacobsen, and Andrea R. Newborn. For fiscal year 2021, our non-PEO NEOs included Mr. Ellis, Dean A. Chin, Mr. Feinberg, Ms. Jacobsen, and Ms. Newborn.

   
Peer Group Issuers, Footnote

(3) For each year, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on October 30, 2020 and in accordance with Items 201(e) and 402(v) of Regulation S-K. For purposes of this pay versus performance disclosure, the Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Composite 1500 – Commercial Services and Supplies industry index (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.

   
PEO Total Compensation Amount $ 8,253,602 $ 8,336,757 $ 7,556,634
PEO Actually Paid Compensation Amount $ 5,335,253 8,902,035 13,980,283
Adjustment To PEO Compensation, Footnote

(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:

PEO SCT Total to Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

SCT Total for PEO (column (b))

$7,556,634

$8,336,757

$8,253,602

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

- SCT “Stock Awards” column value

$4,454,996

$5,499,957

$5,750,227

- SCT “Option Awards” column value

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,819,970

$5,910,698

$4,650,057

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,438,209

($39,367)

($2,204,359)

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$1,236,235

($205,505)

$176,327

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$384,231

$399,409

$209,853

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

Compensation Actually Paid to PEO (column (c))

$13,980,283

$8,902,035

$5,335,253

   
Non-PEO NEO Average Total Compensation Amount $ 2,912,020 2,865,096 2,895,786
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,089,755 2,965,287 3,692,270
Adjustment to Non-PEO NEO Compensation Footnote

(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:

Non-PEO NEO Average SCT Total to Average Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

Average SCT Total for Non-PEO NEOs (column (d))

$2,895,786

$2,865,096

$2,912,020

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

- SCT “Stock Awards” column value

$1,365,593

$1,402,456

$1,581,287

- SCT “Option Awards” column value

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$1,502,347

$1,507,193

$1,278,745

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$475,245

($19,548)

($613,616)

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$120,555

($47,588)

$36,346

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$63,930

$62,590

$57,547

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

Average Compensation Actually Paid to Non-PEO NEOs (column (e))

$3,692,270

$2,965,287

$2,089,755

   
Compensation Actually Paid vs. Total Shareholder Return

img177491175_30.jpg 

   
Compensation Actually Paid vs. Net Income

img177491175_31.jpg 

   
Compensation Actually Paid vs. Company Selected Measure

img177491175_32.jpg 

   
Tabular List, Table

Tabular List

The following table lists the four financial performance measures that we believe represent the most important financial performance measures we use to link compensation actually paid to our NEOs for fiscal year 2023 to our performance.

 

Most Important Performance Measures

Adjusted Net Income
Organic Revenue
Adjusted EBITDA
Revenue
   
Total Shareholder Return Amount $ 119.83 132.79 128.94
Peer Group Total Shareholder Return Amount 145.35 129.03 139.99
Net Income (Loss) $ 251,300,000 $ 230,400,000 $ 126,300,000
Company Selected Measure Amount 231,900,000 245,500,000 240,100,000
PEO Name Scott Salmirs Scott Salmirs Scott Salmirs
Measure:: 1      
Pay vs Performance Disclosure      
Name Adjusted Net Income    
Non-GAAP Measure Description Adjusted Net Income is a non-GAAP measure. A reconciliation to the nearest GAAP measure, Net Income, is set forth in Appendix A.    
Measure:: 2      
Pay vs Performance Disclosure      
Name Organic Revenue    
Measure:: 3      
Pay vs Performance Disclosure      
Name Adjusted EBITDA    
Measure:: 4      
Pay vs Performance Disclosure      
Name Revenue    
PEO | Aggregate Change in Actuarial Present Value of Pension Benefits      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0
PEO | Service Cost of Pension Benefits      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Prior Service Cost of Pension Benefits      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | "Stock Awards" Column Value      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,750,227 5,499,957 4,454,996
PEO | "Option Awards" Column Value      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Fair Value at Fiscal Year-end of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-end      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,650,057 5,910,698 4,819,970
PEO | Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Tear-end      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (2,204,359) (39,367) 4,438,209
PEO | Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 176,327 (205,505) 1,236,235
PEO | Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 209,853 399,409 384,231
PEO | Excess Fair Value for Equity Award Modifications      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Aggregate Change in Actuarial Present Value of Pension Benefits      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Service Cost of Pension Benefits      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Prior Service Cost of Pension Benefits      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | "Stock Awards" Column Value      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,581,287 1,402,456 1,365,593
Non-PEO NEO | "Option Awards" Column Value      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Fair Value at Fiscal Year-end of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-end      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,278,745 1,507,193 1,502,347
Non-PEO NEO | Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Tear-end      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (613,616) (19,548) 475,245
Non-PEO NEO | Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 36,346 (47,588) 120,555
Non-PEO NEO | Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 57,547 62,590 63,930
Non-PEO NEO | Excess Fair Value for Equity Award Modifications      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0