Donald Colleran
ABM INDUSTRIES INC /DE/About Donald F. Colleran
Donald F. Colleran (age 69) has served as an independent director of ABM since 2018. He is the former President and CEO/Executive Advisor of FedEx Express (2019–2022), previously EVP & Chief Sales Officer of FedEx Corporation (2017–2019), and earlier EVP, Global Sales at FedEx Services (2006–2016), with service on FedEx’s Strategic Management Committee; he brings deep experience in global logistics, sales, and operations. Colleran also serves as Chairman of the Board of EastGroup Properties (NYSE: EGP) (director since 2017; chair since 2023) and sits on EGP’s Compensation and Nominating & Corporate Governance Committees. He is classified as independent under NYSE and SEC rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| FedEx Express (subsidiary of FedEx Corp.) | President & CEO / Executive Advisor | 2019–2022 | Served on FedEx Corporation Strategic Management Committee guiding corporate strategy |
| FedEx Corporation | EVP & Chief Sales Officer | 2017–2019 | Global sales leadership; strategic oversight |
| FedEx Services | EVP, Global Sales | 2006–2016 | Led global sales; B2B commercial execution |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| EastGroup Properties, Inc. (NYSE: EGP) | Director; Chairman of the Board | Director since 2017; Chair since 2023 | Compensation; Nominating & Corporate Governance |
Board Governance
- Committee assignments: Compensation Committee member; Stakeholder & Enterprise Risk Committee member .
- Independence: Governance Committee and Board affirm Colleran is independent under NYSE/SEC standards .
- Attendance: In FY2024, each director attended 94%+ of Board/committee meetings; overall Board/committee attendance was 99%; all directors attended the 2024 annual meeting .
- Board activity: Board held 6 meetings; Committees collectively held 22 meetings; regular executive sessions of independent directors .
| Governance Metric | FY2024 Value | Notes |
|---|---|---|
| Board meetings held | 6 | Executive sessions at each regular meeting |
| Committee meetings (total) | 22 | Compensation: 5; Stakeholder & Enterprise Risk: 5 |
| Director attendance | ≥94% | Overall attendance 99% |
| Independence status | Independent | Determined per NYSE/SEC standards |
Fixed Compensation
| Component (FY2024) | Amount | Detail |
|---|---|---|
| Fees Earned or Paid in Cash | $115,000 | Includes Board retainer ($90,000), committee member retainers (Compensation and Stakeholder & Enterprise Risk at $12,500 each), and any applicable fees; no meeting fees |
| All Other Compensation | $3,894 | Dividend equivalent units (DEUs) credited on RSUs; settled in stock upon vesting |
| Total Cash + Other | $118,894 | Sum of cash fees and other comp |
Program elements applicable to non-employee directors in 2024:
- Annual Board cash retainer: $90,000 (Chairman: $190,000) .
- Annual committee member cash retainers: Audit $20,000; Compensation $12,500; Governance $12,500; Stakeholder & Enterprise Risk $12,500 .
- Annual equity retainer: $160,000 in RSUs vesting one year from grant date (Chairman: $220,000) .
Performance Compensation
| Equity Award | Grant Date | RSUs | Grant-Date Fair Value | Vesting | Dividend Equivalents |
|---|---|---|---|---|---|
| Annual Director RSU Grant | Jan 4, 2024 | 3,695 RSUs | $160,000 (calculated as $160,000 ÷ $43.30) | One year from grant date | DEUs credited and settled in stock upon vesting |
No performance metrics (e.g., revenue, EBITDA, TSR) are tied to non-employee director RSU grants; awards are time-based for alignment and retention .
Other Directorships & Interlocks
| Company | Market | Role | Potential Interlock Considerations |
|---|---|---|---|
| EastGroup Properties, Inc. | NYSE: EGP | Chairman; Director | REIT in industrial real estate; ABM discloses no related party transactions in FY2024 |
Expertise & Qualifications
- Business leadership/strategy; sales and marketing; risk oversight; human capital/safety; environmental program oversight (as per skills matrix) .
- Deep domain expertise in global supply chain/logistics and service-industry commercial execution from FedEx senior roles .
- Other public company board experience (EGP) provides broader market governance perspective .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Beneficial ownership (Feb 1, 2025) | 14,511 shares | Sole voting/investment power unless noted |
| Percent of class | <1% | Based on 62,213,237 shares outstanding |
| RSUs (not vesting within 60 days of Feb 1, 2025) | 3,155 RSUs | Excluded from beneficial ownership table per proxy convention |
| RSUs held as of Oct 31, 2024 (incl. deferred) | 3,750 RSUs | Includes any RSUs deferred under the Director Deferred Compensation Plan |
Policies supporting alignment:
- Director Stock Ownership Policy: Must hold ABM stock valued at 5× annual cash retainer within 5 years; directors below target must retain ≥50% of net shares realized until compliant; all directors are at/above target or within the initial five-year period .
- Anti-hedging and anti-pledging: Directors prohibited from hedging or pledging ABM stock .
Insider Trades
| Date | Filing | Transaction | Terms / Notes |
|---|---|---|---|
| Feb 5, 2024 | Form 4 (Colleran) | Reported director equity grant (RSUs) | RSUs under 2021 plan; standard director terms with one-year vesting and DEUs accruing |
| Jan 4, 2024 | Proxy disclosure | Annual non-employee director RSU grant | 3,695 RSUs; $160,000 grant value; one-year vesting; DEUs accrue |
Governance Assessment
- Committee effectiveness: Active service on Compensation (5 meetings FY2024) and Stakeholder & Enterprise Risk (5 meetings FY2024) aligns with his human capital, risk, and operational expertise; supports oversight of executive pay structures and enterprise risk, including cybersecurity and ESG domains .
- Independence and attendance: Independent under NYSE/SEC standards with strong engagement (Board-level attendance ≥94% and overall 99%; attended 2024 annual meeting) — positive for investor confidence .
- Pay and alignment: Director compensation mix is balanced between cash ($115,000) and equity ($159,993), with firm ownership requirements (5× retainer), anti-hedging/pledging, and DEUs paid only when awards vest — alignment, low risk of misaligned incentives .
- Conflicts/related parties: ABM reports no related party transactions in FY2024 — lowers conflict risk; Governance Committee oversees a robust related party policy .
- External roles: Chairmanship at EGP adds real estate/infrastructure perspective; no disclosed interlocks or related dealings involving ABM — neutral from conflict standpoint .
RED FLAGS
- None disclosed: No related party transactions (FY2024), no hedging/pledging, strong attendance, and independence affirmed — supportive of board effectiveness .