ABM (NYSE: ABM) CEO executes 50,000-share Rule 10b5-1 stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ABM Industries President and CEO Scott B. Salmirs reported open-market sales of 50,000 shares of ABM common stock. The transactions on 2026-06-12 comprised 39,576 shares at a weighted average price of $46.2492 and 10,424 shares at a weighted average price of $46.6859.
The filing notes these sales were executed under a pre-arranged Rule 10b5-1 trading plan that Salmirs entered into on December 24, 2025, indicating the timing was set in advance. The prices reflect multiple trades within ranges from $45.60 to $46.77, and the shares sold were held directly as common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares ($2,317,012)
Net Sell
2 txns
Insider
SALMIRS SCOTT B
Role
President and CEO
Sold
50,000 shs ($2.32M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,424 | $46.6859 | $487K |
| Sale | Common Stock | 39,576 | $46.2492 | $1.83M |
Holdings After Transaction:
Common Stock — 434,861 shares (Direct, null)
Footnotes (1)
- The sales of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on December 24, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.61 to $46.77, inclusive. The reporting person undertakes to provide ABM Industries Incorporated, any security holder of ABM Industries Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 of this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.60 to $46.595, inclusive. The reporting person undertakes to provide ABM Industries Incorporated, any security holder of ABM Industries Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 3 of this Form 4. Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.
Key Figures
Shares sold (total): 50,000 shares
First sale size: 39,576 shares
First sale price: $46.2492/share
+5 more
8 metrics
Shares sold (total)
50,000 shares
Open-market sales on June 12, 2026
First sale size
39,576 shares
Common stock sold at weighted avg $46.2492
First sale price
$46.2492/share
Weighted average price, multiple trades
Second sale size
10,424 shares
Common stock sold at weighted avg $46.6859
Second sale price
$46.6859/share
Weighted average price, multiple trades
Price range lot 1
$46.61–$46.77
Range for trades in first reported sale
Price range lot 2
$45.60–$46.595
Range for trades in second reported sale
10b5-1 plan date
December 24, 2025
Date CEO entered Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, Section 16, Rule 16a-11, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Section 16 regulatory
"Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"transactions exempt from Section 16 pursuant to Rule 16a-11."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did ABM (ABM) CEO Scott B. Salmirs report in this Form 4?
ABM President and CEO Scott B. Salmirs reported selling a total of 50,000 shares of ABM common stock. The sales were open-market transactions executed on June 12, 2026, at weighted average prices in the mid-$40s per share.
What type of transactions are reported in this ABM (ABM) Form 4?
The Form 4 reports two open-market sales of ABM common stock, coded as “S” transactions. Both involve non-derivative common shares directly owned by Scott B. Salmirs, with no option exercises or derivative conversions disclosed in this filing.