ABM Industries (ABM) director Garcia reports 3,996-share RSU award
Rhea-AI Filing Summary
ABM Industries director Art A. Garcia reported receiving an annual equity award in the form of restricted stock units. On 01/06/2026, he acquired 3,996 shares of common stock at a stated price of $0.0000 per share, reflecting a stock-based grant rather than an open-market purchase. Following this award, he beneficially owned 35,248 shares of ABM common stock in total.
The filing explains that this is the annual grant of RSUs to non-employee directors under ABM’s 2021 Equity and Incentive Compensation Plan. These RSUs represent a contingent right to receive common shares and will fully vest on the first anniversary of the grant date, with dividend equivalent rights accruing during the vesting period. The filing also notes that the total beneficial holdings include shares acquired through dividend reinvestment under transactions exempt from Section 16.
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FAQ
What insider transaction did ABM (ABM) report for Art A. Garcia?
ABM reported that director Art A. Garcia acquired 3,996 shares of common stock on 01/06/2026 as part of an equity grant, at a stated price of $0.0000 per share.
Was the ABM (ABM) insider transaction an open-market trade or an equity award?
The reported transaction was an equity award, described as an annual grant of restricted stock units to a non-employee director under the 2021 Equity and Incentive Compensation Plan, not an open-market purchase or sale.
How many ABM (ABM) shares does Art A. Garcia beneficially own after this transaction?
After the reported grant, Art A. Garcia beneficially owned 35,248 shares of ABM common stock, including shares previously acquired through dividend reinvestment.
What are the vesting terms of the RSUs granted to ABM (ABM) director Art A. Garcia?
The filing states that all of the restricted stock units (RSUs) granted to the non-employee director vest on the first anniversary of the grant date, and dividend equivalent rights (DERs) will accrue on these RSUs.
Under which plan were the ABM (ABM) RSUs granted to Art A. Garcia?
The RSUs were granted under ABM’s 2021 Equity and Incentive Compensation Plan as an annual grant to a non-employee director, providing a contingent right to receive shares of common stock.
Does the ABM (ABM) filing mention dividend reinvestment for Art A. Garcia’s holdings?
Yes. A footnote explains that the reported beneficial ownership includes shares acquired through dividend reinvestment in transactions that are exempt from Section 16 under Rule 16a-11.