ABM Industries (ABM) awards 3,996-share RSU grant to director Gartland
Rhea-AI Filing Summary
ABM Industries reported an equity award for board member Thomas M. Gartland. On 01/06/2026, he received 3,996 shares of common stock at a price of $0.0000 per share as an annual grant of restricted stock units for non-employee directors under the company’s 2021 Equity and Incentive Compensation Plan. These RSUs represent a contingent right to receive common shares and vest on the first anniversary of the grant date, with dividend equivalent rights accruing during the vesting period. After this grant, Gartland beneficially owned 35,249 shares of ABM common stock, held directly, which includes shares acquired through dividend reinvestment in transactions exempt from Section 16.
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FAQ
What insider transaction did ABM (ABM) disclose for Thomas M. Gartland?
ABM disclosed that director Thomas M. Gartland received an award of 3,996 shares of common stock on 01/06/2026 as part of his annual restricted stock unit grant.
What type of equity award did the ABM director receive and under which plan?
The director received an annual grant of restricted stock units (RSUs) for non-employee directors under ABM’s 2021 Equity and Incentive Compensation Plan, representing a contingent right to receive common shares.
When do the restricted stock units granted to the ABM director vest?
All of the RSUs granted to the director on 01/06/2026 vest on the first anniversary of the grant date.
Did the ABM director pay for the shares received in this grant?
No cash was paid for this grant; the transaction price is reported as $0.0000 per share, reflecting a compensatory equity award rather than an open-market purchase.
How many ABM shares does Thomas M. Gartland beneficially own after this transaction?
Following the grant, the director beneficially owned 35,249 shares of ABM common stock, held directly.
Do the ABM director’s RSUs include dividend equivalent rights?
Yes. The filing states that dividend equivalent rights (DERs) will accrue on the RSUs granted to the director.
What does the filing say about ABM shares acquired through dividend reinvestment?
The filing notes that the director’s holdings include shares acquired through dividend reinvestment in transactions that are exempt from Section 16 under Rule 16a-11.