Use these links to rapidly review the document
Table of Contents
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No.            )

Filed by the Registrant ý

Filed by a Party other than the Registrant o

Check the appropriate box:

o

 

Preliminary Proxy Statement

o

 

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

ý

 

Definitive Proxy Statement

o

 

Definitive Additional Materials

o

 

Soliciting Material under §240.14a-12

 

AECOM

(Name of Registrant as Specified In Its Charter)

N/A

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

ý

 

No fee required.

o

 

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

 

(1)

 

Title of each class of securities to which transaction applies:
        
 
    (2)   Aggregate number of securities to which transaction applies:
        
 
    (3)   Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
        
 
    (4)   Proposed maximum aggregate value of transaction:
        
 
    (5)   Total fee paid:
        
 

o

 

Fee paid previously with preliminary materials.

o

 

Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

 

(1)

 

Amount Previously Paid:
        
 
    (2)   Form, Schedule or Registration Statement No.:
        
 
    (3)   Filing Party:
        
 
    (4)   Date Filed:
        
 

 


Table of Contents

LOGO

AECOM
1999 AVENUE OF THE STARS, SUITE 2600
LOS ANGELES, CALIFORNIA 90067

Dear AECOM Stockholder:

You are cordially invited to attend the 2016 Annual Meeting of Stockholders (the "2016 Annual Meeting") of AECOM, which will be held on Wednesday, March 2, 2016, at 8:00 a.m. local time in the Conference Center located at 1999 Avenue of the Stars, Los Angeles, California 90067.

Details of the business to be conducted at the 2016 Annual Meeting are given in the attached Notice of Annual Meeting of Stockholders and the attached Proxy Statement.

Whether or not you plan to attend the 2016 Annual Meeting in person, it is important that your shares be represented. The attached Proxy Statement contains details about how you may vote your shares.

Sincerely,

Michael S. Burke
Chairman of the Board and Chief Executive Officer


Table of Contents

LOGO

AECOM
1999 AVENUE OF THE STARS, SUITE 2600
LOS ANGELES, CALIFORNIA 90067

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MARCH 2, 2016

The 2016 Annual Meeting of Stockholders (the "2016 Annual Meeting") of AECOM (the "Company," "our" or "we") will be held on Wednesday, March 2, 2016, at 8:00 a.m. local time in the Conference Center located at 1999 Avenue of the Stars, Los Angeles, California 90067. At the 2016 Annual Meeting, you will be asked to:

We will also attend to any other business properly presented at the 2016 Annual Meeting and any adjournment or postponement thereof. The foregoing items of business are more fully described in the Proxy Statement that is attached to, and a part of, this notice.

Only common stockholders of record at the close of business on January 4, 2016, can vote at the 2016 Annual Meeting or any adjournment or postponement thereof.

By order of the Board of Directors,

Christina Ching
Vice President, Corporate Secretary

Los Angeles, California
January 22, 2016


Table of Contents

Your Vote is Important

Whether or not you plan to attend the 2016 Annual Meeting in person, we request that you vote (a) by Internet, (b) by telephone or (c) by requesting a printed copy of the proxy materials and using the proxy card or voting instruction card enclosed therein as promptly as possible in order to ensure your representation at the 2016 Annual Meeting.

You may revoke your proxy at any time before it is exercised by giving our Corporate Secretary written notice of revocation, submitting a later-dated proxy by Internet, telephone or mail or by attending the 2016 Annual Meeting and voting in person.

Please note, however, that if your shares are held of record by a broker, bank or other nominee and you wish to vote at the 2016 Annual Meeting, you must obtain from the record holder a proxy issued in your name.


Table of Contents

Table of Contents

Introduction

  1

Information Regarding Voting at the 2016 Annual Meeting

  2

Proposal 1: Election of Class I Directors

  4

Proposal 2: Ratification of Selection of Independent Registered Public Accounting Firm

  9

Proposal 3: Approval of The Company's 2016 Stock Incentive Plan

  10

Proposal 4: Advisory Resolution to Approve Executive Compensation

  20

Corporate Governance

  22

Executive Officers

  30

Compensation of Executive Officers and Other Information Compensation Discussion and Analysis (CD&A)

  32

Fiscal Year 2015 NEO Total Direct Compensation (TDC) Decisions

  37

Performance Earnings Program

  42

Compensation Governance, Process and Decisions

  43

Other Programs, Policies and Guidelines

  47

Report of the Compensation/Organization Committee of the Board of Directors

  50

Executive Compensation Tables

  51

Compensation Committee Interlocks and Insider Participation

  66

Report of the Audit Committee of the Board of Directors

  67

Audit Fees

  68

Security Ownership of Certain Beneficial Owners and Management

  69

Other Information

  71

Annex A

  A-1

Annex B

  B-1

Table of Contents

Proxy Statement Summary

Meeting Information   Record Date: Stockholders at close of business on January 4, 2016.

MARCH 2, 2016   8:00 A.M. PST   CONFERENCE CENTER, 1999 AVENUE OF THE STARS, LOS ANGELES, CA 90067

This summary highlights information contained elsewhere in our proxy statement and does not contain all of the information that you should consider. We encourage you to read the entire proxy statement carefully before voting.

Stockholder Voting Matters

Proposal
  Board's Voting
Recommendation

  Page
Reference

Elect five Class I Directors to serve until the Company's 2017 Annual Meeting of Stockholders.

  FOR EACH   4

Ratify the selection of Ernst & Young LLP as our independent registered public accounting firm for fiscal year 2016.

  FOR   9

Approve our 2016 Stock Incentive Plan.

  FOR   10

Vote on an advisory resolution to approve the Company's executive compensation.

  FOR   20

How to Vote


ICON
 
Vote Online
You can vote your shares online by following the instructions on your proxy card.
 
ICON
 
Vote by Phone
You can vote your shares by phone by following the instructions on your proxy card.
 
ICON
 
Vote by Mail
You can vote your shares by mail by requesting a printed copy of the proxy materials and signing, dating and mailing the enclosed proxy card to:
                    AECOM
1999 Avenue of the Stars, Suite 2600
Los Angeles, CA 90067
Attn: Corporate Secretary

Our Board of Directors

Name
  Age
  Director
Since

  Primary (or Former) Occupation
  Independent
  Committee
Memberships

 
Michael S. Burke   52   2014   Chairman of the Board and Chief Executive Officer, AECOM   No     None  
John M. Dionisio   67   2005   Former Chief Executive Officer, AECOM   No   SRS  
James H. Fordyce   56   2006   Co-Founder and Co-Chief Executive Officer, Stone Canyon Industries LLC   Yes     CO*, SRS  
Senator William H. Frist   63   2014   Partner, Cressey & Company   Yes   NG  
Linda Griego   68   2005   President and Chief Executive Officer, Griego Enterprises Inc.   Yes     CO, NG*  
David W. Joos   62   2012   Chairman, CMS Energy; Chairman, Consumers Energy Corporation   Yes   A, NG  
Dr. William G. Ouchi   72   2003   Sanford & Betty Sigoloff Distinguished Professor in Corporate Renewal, Anderson School of Management, University of California, Los Angeles   Yes     CO, NG  
Dr. Robert J. Routs   69   2010   Executive Director (Retired), U.S. Downstream Operations, Royal Dutch Shell plc   Yes   CO, SRS*  
William P. Rutledge   73   1998   Chief Executive Officer, Aquanano LLC   Yes     A*, CO  
Clarence T. Schmitz   67   2014   Co-Founder and Former Chief Executive Officer, Outsource Partners International Inc.   Yes   A, CO  
Douglas W. Stotlar   55   2014   Former President and Chief Executive Officer, Con-way Inc.   Yes     A  
Daniel R. Tishman   60   2010   Vice Chairman, AECOM   No   SRS  
General Janet C. Wolfenbarger   57   2015   General (Retired), United States Air Force   Yes     NG  

 

A = Audit Committee   SRS = Strategy, Risk & Safety Committee   ‡ = Lead Independent Director
CO = Compensation/Organization Committee   * = Committee Chair    
NG = Nominating and Governance Committee   † = Chairman of the Board    

Table of Contents

GRAPHIC

Corporate Governance Information Size of Board 13 Number of Independent Directors 10 Audit, Compensation/Organization and Nominating and Governance Committees Consist Entirely of Independent Directors Yes Annual Election of All Directors (starting at our 2017 Annual Meeting) Yes Annual Advisory Say-on-Pay Vote Yes All Directors Attended at Least 75% of Meetings Held Yes Independent Directors Meet Regularly in Executive Session Yes Annual Board and Committee Self Evaluations Yes Code of Business Conduct and Ethics Yes Corporate Governance Guidelines Yes Stock Ownership Guidelines for Directors and Executive Officers Yes Stockholder Rights Plan (Poison Pill) No Defined as attributable to AECOM, excluding acquisition- and integration-related expenses, financing charges in interest expense and the amortization of intangible assets, and is a non-GAAP measure. See Annex A, Reconciliation of Non-GAAP Items. Defined as cash flow from operations less capital expenditures net of proceeds from disposals, and is a non-GAAP measure. See Annex A, Reconciliation of Non-GAAP Items. AECOM's Executive Compensation Practices Performance-Based Compensation The majority of our Named Executive Officers' (NEOs') total annual compensation, excluding one-time equity awards, is performance based. Pay-for-Performance Per Share Links executive pay-for-performance to stockholder interests using earnings per share and cash flow as key incentive plan metrics. AECOM evaluates these metrics on a per-share basis to help ensure alignment with our stockholders' interests. Stockholder Communications Communicates with institutional stockholders throughout the year about performance. Stock Ownership Guidelines NEOs are subject to ownership guidelines that require them to maintain a significant equity stake in the Company. The CEO ownership guideline is six times base salary, and the guideline for other NEOs is three times base salary. Independent Consultant Compensation Committee utilizes the services of an independent compensation consultant who does not provide any other services to the Company. Tally Sheets Compensation Committee uses tally sheets in assessing executive total compensation. Clawback Policy Maintains a clawback policy for all incentive-based compensation. Change in Control Severance Policy This Policy provides severance benefits, including accelerated vesting of any equity awards, only if there is a change in control and an eligible termination of employment ("double trigger" for both cash and equity). Risk Assessment Compensation Committee's compensation consultant performs an independent risk assessment of compensation programs. Say-on-Pay Vote Has a policy to hold an advisory vote on executive compensation on an annual basis. Competitive Analysis Compensation Committee annually seeks to understand labor market trends pertaining to amount and form of executive pay delivery through comprehensive competitive analyses. AECOM Does Not Employ Stock Option Repricing Does not re-price underwater stock options. Single Trigger Equity Acceleration Does not allow single-trigger equity acceleration or severance payments in connection with a change in control. Does not maintain plans or agreements that provide for single-trigger acceleration. Tax Gross-Ups Does not provide tax gross-ups on change in control severance benefits to NEOs. Hedging and Pledging Prohibits hedging transactions involving Company securities by NEOs and does not allow trading in puts, calls, options or other similar transactions involving Company securities by NEOs. Also, prohibits the pledging of Company securities by NEOs except in certain limited circumstances subject to Company approval and demonstration of the NEOs ability to repay the applicable loan without selling such securities.

Table of Contents

AECOM
1999 AVENUE OF THE STARS, SUITE 2600
LOS ANGELES, CALIFORNIA 90067

PROXY STATEMENT
ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD
MARCH 2, 2016

INTRODUCTION

This Proxy Statement is furnished in connection with the solicitation of proxies, on behalf of the Board of Directors of AECOM, a Delaware corporation ("we," "our," the "Company" or "AECOM"), for use at our 2016 Annual Meeting of Stockholders ("2016 Annual Meeting") to be held on March 2, 2016, at 8:00 a.m. local time, or at any adjournment or postponement thereof. At the 2016 Annual Meeting, you will be asked to consider and vote on the matters described in this Proxy Statement and in the accompanying notice. The 2016 Annual Meeting will be held in the Conference Center located at 1999 Avenue of the Stars, Los Angeles, California 90067. Only common stockholders of record at the close of business on January 4, 2016, which is the record date for the 2016 Annual Meeting, are permitted to vote at the 2016 Annual Meeting and any adjournment or postponement thereof.

The Company's Board of Directors (the "Board of Directors" or "Board") is soliciting your vote to:

We are pleased to take advantage of the U.S. Securities and Exchange Commission rule allowing companies to furnish proxy materials to their stockholders over the Internet. We believe that this e-proxy process expedites stockholders' receipt of proxy materials while also lowering the costs and reducing the environmental impact of our annual meeting. On January 22, 2016, we began mailing a Notice of Internet Availability of Proxy Materials (the "Notice") to all stockholders of record as of January 4, 2016, and posted our proxy materials on the Web site referenced in the Notice. As more fully described in the Notice, all stockholders may choose to access our proxy materials on the Web site referred to in the Notice or may request to receive a printed set of our proxy materials. In addition, the Notice and Web site provide information regarding how you may request to receive proxy materials in printed form by mail or electronically by e-mail on an ongoing basis.

The Proxy Statement and our Annual Report on Form 10-K are available at investors.aecom.com.

1


Table of Contents

INFORMATION REGARDING VOTING AT THE
2016 ANNUAL MEETING

Proxies

You may vote your shares in person at the 2016 Annual Meeting or by proxy if you are a record holder. There are three ways to vote by proxy: (1) on the Internet or by following the instructions on the Notice or proxy card, (2) by telephone by calling 1-800-652-8683 and following the instructions on the Notice or proxy card or (3) by requesting a printed copy of the proxy materials and signing, dating and mailing the enclosed proxy card to our Corporate Secretary at the address below. If your shares are held in the name of a bank, broker or another holder of record, you will receive instructions from the holder of record. You must follow the instructions of the holder of record in order for your shares to be voted. Internet and telephone voting will also be offered to stockholders owning shares through certain banks and brokers.

You may revoke your proxy at any time before it is exercised at the 2016 Annual Meeting by (1) giving our Corporate Secretary written notice of revocation, (2) delivering to us a signed proxy card with a later date, (3) granting a subsequent proxy through the Internet or telephone or (4) by attending the 2016 Annual Meeting and voting in person. Written notices of revocation and other communications with respect to the revocation of proxies should be addressed to AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary.

All shares represented by valid proxies received and not revoked before they are exercised will be voted in the manner specified in the proxy. Other than with respect to certain trustees who hold our shares in trust, if you submit proxy voting instructions but do not direct how to vote on each item, the persons named as proxies will vote in favor of each of the proposals. Our Board of Directors is unaware of any matters other than those described in this Proxy Statement that may be presented for action at our 2016 Annual Meeting. If other matters do properly come before our 2016 Annual Meeting, however, it is intended that shares represented by proxies will be voted in the discretion of the proxy holders.

If you are a beneficial owner and hold your shares in the name of a bank, broker or another holder of record and do not return the voting instruction card, the broker or another nominee may vote your shares on each matter at the 2016 Annual Meeting for which he or she has the requisite discretionary authority. Under applicable rules, brokers have the discretion to vote on routine matters, which include the ratification of the selection of the independent registered public accounting firm. Brokers will not have the discretion to vote on any of the other proposals presented at the 2016 Annual Meeting.

Solicitation of Proxies

We will pay the entire cost of soliciting proxies. In addition to soliciting proxies by mail and by the Internet, we will request banks, brokers and other record holders to send proxies and proxy materials to the beneficial owners of our common stock and to secure their voting instructions, if necessary. We will reimburse record holders for their reasonable expenses in performing these tasks. In addition, we have retained Georgeson Inc. to act as a proxy solicitor in conjunction with the 2016 Annual Meeting. We have agreed to pay Georgeson Inc. a fee of $8,500 plus reasonable expenses, costs and disbursements for proxy solicitation services. If necessary, we may use our regular employees, who will not be specially compensated, to solicit proxies from stockholders, whether personally or by telephone, letter or other means.

Record Date and Voting Rights

Our Board of Directors has fixed January 4, 2016, as the record date for determining the stockholders who are entitled to notice of, and to vote at, our 2016 Annual Meeting. Only common stockholders of record at the close of business on the record date will receive notice of, and be able to vote at, our 2016 Annual Meeting. As of the

2


Table of Contents

record date, there were 152,452,910 shares of our common stock outstanding held by 2,683 record holders, in addition to approximately 45,470 holders who do not hold shares in their own names. A majority of the stock issued and outstanding and entitled to vote must be present at our 2016 Annual Meeting, either in person or by proxy, in order for there to be a quorum at the meeting. Each share of our outstanding common stock entitles its holder to one vote. Shares of our common stock with respect to which the holders are present in person at our 2016 Annual Meeting but not voting, and shares for which we have received proxies but with respect to which holders of the shares have abstained, will be counted as present at our 2016 Annual Meeting for the purpose of determining whether or not a quorum exists. "Broker non-votes" will also be counted as present for the purpose of determining whether a quorum exists. Broker non-votes are shares of common stock held by brokers or nominees over which the broker or nominee lacks discretionary power to vote and for which the broker or nominee has not received specific voting instructions from the beneficial owner.

Our Board of Directors urges you to vote promptly by either (1) electronically submitting a proxy or voting instruction card over the Internet, (2) by telephone or (3) by delivering to us or to your broker, as applicable, a signed and dated proxy card.

Votes will be tabulated by the inspector of election appointed for the 2016 Annual Meeting, who will separately tabulate affirmative and negative votes, abstentions and broker non-votes. A representative of Computershare Trust Company N.A., our transfer agent, will tabulate the votes and act as the inspector of election at the 2016 Annual Meeting.

Year-End Reporting Convention

We report our results of operations based on 52- or 53-week periods ending on the Friday nearest September 30. For clarity of presentation, all periods are presented as if the fiscal year ended on September 30. Fiscal years 2015, 2014 and 2013 contained 52, 53 and 52 weeks, respectively, and ended on October 2, October 3 and September 27, respectively.

3


Table of Contents

PROPOSAL 1
ELECTION OF CLASS I DIRECTORS

In 2014, AECOM began declassifying our Board of Directors so that each director will be elected annually.

Currently, our Board of Directors is composed of 13 members divided into two classes: Class I and Class II. Previously, the Board of Directors was divided into three classes, however, our stockholders approved a resolution at our 2014 Annual Meeting of Stockholders to declassify our Board of Directors to the current two classes. Class I directors will stand for election for a one-year term ending at the 2017 Annual Meeting of Stockholders. Class II directors will not stand for election this year, however, their term will also expire at our 2017 Annual Meeting of Stockholders. Therefore, beginning with the 2017 Annual Meeting of Stockholders, the Board shall cease to be classified and all directors will be elected on an annual basis. The "Director Qualifications" section below lists the directors and their classes.

In accordance with our director retirement policy, Dr. Ouchi and Mr. Rutledge, current Class I Directors, will not stand for re-election and will retire effective upon the election of the Class I directors at the 2016 Annual Meeting. Mr. Dionisio, another Class I director, will also not stand for re-election. Following such election, our Board of Directors will be comprised of 10 directors. The Company is most grateful to Dr. Ouchi and Messrs. Dionisio and Rutledge for their dedicated service to the Company over the past years.

Five Class I Directors will be elected at the 2016 Annual Meeting to serve until the 2017 Annual Meeting of Stockholders and until their successors are duly elected and qualified. If a quorum is present at our 2016 Annual Meeting, the five nominees receiving the greatest number of votes will be elected.

Shares represented by proxies will be voted, if authority to do so is not withheld, for the election of the five nominees. Each of the nominees has consented to serve as a director if elected, and management has no reason to believe that any nominee will be unable or unwilling to serve if elected as a director. In the event that any nominee is unavailable for re-election as a result of an unexpected occurrence, shares will be voted for the election of such substitute nominee as our Board of Directors may propose. Pursuant to the vote and immediately following the 2016 Annual Meeting, our Board of Directors will be composed of five Class I Directors and five Class II Directors.

Director Qualifications

The Board of Directors believes that the Board, as a whole, should possess a combination of the skills, professional experience and diversity of backgrounds necessary to oversee the Company's business. The Nominating and Governance Committee is responsible for developing and recommending Board membership criteria to the full Board for approval. The criteria, which are set forth in the Company's Corporate Governance Guidelines, include the highest professional and personal ethics and values, commitment to enhancing stockholder value with sufficient time to effectively carry out his or her duties and business acumen. In considering director candidates, the Nominating and Governance Committee looks for business experience and skills, judgment, integrity, an understanding of such areas as finance, marketing, regulation and public policy and the absence of potential conflicts with the Company's interests. The Nominating and Governance Committee believes that it is essential that Board members represent diverse viewpoints and backgrounds.

The Nominating and Governance Committee periodically reviews the appropriate skills and characteristics required of Board members in the context of the current composition of the Board, the operating requirements of the Company and the long-term interests of the Company's stockholders. In conducting this assessment, the Nominating and Governance Committee considers diversity, skills and such other factors as it deems appropriate to maintain a balance of knowledge, experience and capabilities. This periodic assessment enables the Board to update the skills and experience it seeks in the Board, as a whole and in individual directors, as the Company's needs evolve over time and to assess the effectiveness of efforts at pursuing diversity. From time to time, while identifying director candidates, the Nominating and Governance Committee may establish specific skills and experience that it believes the Company should seek in order to constitute a balanced and effective Board.

4


Table of Contents

The following list sets forth our five director nominees, as well as each of our five continuing directors:

Nominees for Class I Directors Whose Terms Expire 2017

James H. Fordyce
Senator William H. Frist
Linda Griego
Douglas W. Stotlar
Daniel R. Tishman

Current Class II Directors Whose Terms Expire 2017

Michael S. Burke
David W. Joos
Dr. Robert J. Routs
Clarence T. Schmitz
General Janet C. Wolfenbarger, USAF Retired

The following section sets forth certain background information on the nominees for election as directors and the current members of our Board of Directors who will continue serving following the 2016 Annual Meeting, as well as each individual's specific experience, qualifications and skills that led our Board of Directors to conclude that each such nominee/director should serve on our Board of Directors.

Class I Directors

James H. Fordyce, 56, was appointed to our Board of Directors in February 2006. Mr. Fordyce is the Co-Founder and Co-Chief Executive Officer of Stone Canyon Industries LLC, a diversified investment company founded in 2014. He was a Managing Director at J.H. Whitney Capital Partners LLC, a private investment firm, from 1996 to 2014. Mr. Fordyce began his career at Chemical Bank in 1981 and later joined Heller Financial Inc. He sits on several private company boards and is a member of the Board of Trustees of Saint John's Health Center.

Mr. Fordyce brings to our Board of Directors significant financial and investment experience as a result of his position at Stone Canyon Industries LLC and J.H. Whitney Capital Partners LLC, where he oversaw significant debt and equity investments for the firm. In addition, he brings experience from his current and prior service on private and public company boards.

Senator William H. Frist, 63, was appointed to our Board of Directors in October 2014 in connection with AECOM's acquisition of URS Corporation. He previously served as a director of URS Corporation from November 2009 until AECOM's acquisition of URS in October 2014. Senator Frist has served as a partner at Cressey & Company LP, a private investment firm since 2007. He also served as Distinguished University Professor at Vanderbilt University from 2008 until 2010. Senator Frist was a United States Senator from Tennessee from 1995 until 2007 and was Majority Leader of the United States Senate from 2003 until 2007. He has served as a director of Select Medical Corporation since May 2010. Senator Frist serves on the boards of several other organizations, including the Center for Strategic and International Studies, the Kaiser Family Foundation, the Robert Wood Johnson Foundation, Aegis Laboratories, Accolade LLC and the Harvard Medical School Board of Fellows.

Senator Frist's experience as a legislator, including as former Majority Leader of the United States Senate, gives him the leadership and consensus-building skills necessary to assist our Board of Directors in a range of its activities. He has extensive knowledge of the workings of government and, as a former member of the Senate Finance Committee, of the federal budgeting process, which is beneficial given that a portion of our business activities are regulated and directly affected by governmental actions.

Linda Griego, 68, was appointed to our Board of Directors in May 2005. Ms. Griego has served as President and Chief Executive Officer of Griego Enterprises Inc. a business management company, since 1985. She was the founder and Managing General Partner of Engine Co. No. 28, a restaurant in downtown Los Angeles, from 1988 until 2010. She also served as Interim President and Chief Executive Officer of the Los Angeles Community Development Bank and was Deputy Mayor of Los Angeles. She is currently a director of CBS Corporation and American Balanced Fund, the Income Fund of America and International Growth and Income

5


Table of Contents

Fund, which are managed by Capital Group. Ms. Griego is a chair of the MLK Health and Wellness Community Development Corporation and serves as a trustee of the David and Lucile Packard Foundation and the Ralph M. Parsons Foundation. She previously chaired the Board of Southwest Water Company and served as a Los Angeles Branch Director of the Federal Reserve Bank of San Francisco.

Ms. Griego brings executive management experience and expertise in government relations and public policy through her government appointments and service on not-for-profit boards. Her service on the boards of a number of large companies, including her prior service as the Independent Chair of Southwest Water Company, provides our Board of Directors with insight regarding corporate governance matters, which is a key area of focus in today's corporate environment.

Douglas W. Stotlar, 55, was appointed to our Board of Directors in October 2014 in connection with AECOM's acquisition of URS Corporation. He previously served as a director of URS Corporation from March 2007 until AECOM's acquisition of URS in October 2014. Mr. Stotlar served as President, Chief Executive Officer and Director of Con-way Inc., a transportation and logistics company (previously known as CNF Inc.) from April 2005 until October 2015. He served as President and Chief Executive Officer of Con-way Transportation Services Inc., a regional trucking subsidiary (CTS), from 2004 until 2005. Mr. Stotlar also served as CTS' Executive Vice President and Chief Operating Officer from 2002 until 2004, and as CTS' Executive Vice President of Operations from 1997 until 2002. He served as Vice President at large and was a member of the executive committee of the American Trucking Associations. Mr. Stotlar is a member of the Board of Directors of the American Transportation Research Institute and a Detroit Branch director of the Federal Reserve Bank of Chicago. In addition, he serves on the board of a not-for-profit organization.

Mr. Stotlar brings to our Board of Directors substantial knowledge of the transportation and logistics sector, which is relevant to our business activities. In addition, due to his prior experience as the former Chief Executive Officer of a public company, Mr. Stotlar contributes valuable experience with corporate governance practices, labor and stockholder relations matters, as well as current legal and regulatory requirements and trends.

Daniel R. Tishman, 60, was appointed to our Board of Directors and as Vice Chairman of the Company in July 2010 in connection with our acquisition of Tishman Construction Corporation. He has also served as Chairman of the Board of Directors and Chief Executive Officer of Tishman Construction, a leading construction management firm, since 2000, and is Vice Chairman and a member of the Board of Tishman Hotel & Realty LP. Mr. Tishman serves on the boards of the Real Estate Board of New York, the Natural Resources Defense Council, the Albert Einstein College of Medicine, the National September 11 Memorial & Museum and the UJA-Federation of NY. He also serves as an adviser to several government organizations.

Mr. Tishman provides strong knowledge, management and operational experience in the construction management industry, in particular on large-scale development projects such as the rebuilding of the World Trade Center site in New York City, to our Board of Directors.

Class II Directors

Michael S. Burke, 52, was appointed Chief Executive Officer of the Company and was elected to the Board of Directors in March 2014. In March 2015, Mr. Burke was appointed Chairman of the Board; see also the section entitled "Corporate Governance — Board Leadership Structure." He previously served as President of the Company from October 2011 to March 2014, Chief Financial Officer from December 2006 to September 2011 and Executive Vice President from May 2006 to September 2011. He also served as Chief Corporate Officer from May 2006 to January 2009. Mr. Burke joined AECOM as Senior Vice President, Corporate Strategy, in October 2005. From 1990 to 2005, Mr. Burke was with the accounting firm KPMG LLP. He served in various senior leadership positions, including as a Western Area Managing Partner from 2002 to 2005 and as a member of KPMG LLP's Board of Directors from 2000 through 2005. While on the KPMG Board of Directors, Mr. Burke served as the Chairman of the Board Process and Governance Committee and was a member of the Audit and Finance Committee. Mr. Burke serves on the Board of Directors of Rentech Inc. and is the Chairman of its Audit Committee. Additionally, he serves on the Board of Directors of Rentech Nitrogen Partners LP and is the Chairman of its Audit Committee. Mr. Burke also serves on various charitable and community boards.

Mr. Burke brings to our Board of Directors a thorough understanding of the Company's business, industry and operations based on his senior positions, including Chief Executive Officer, with the Company. Mr. Burke also

6


Table of Contents

brings extensive accounting, financial and business experience as a result of his tenure and senior positions at KPMG LLP.

David W. Joos, 62, was appointed to our Board of Directors in March 2012. Mr. Joos currently serves as Chairman of the Boards of CMS Energy and Consumers Energy Corporation, both NYSE-listed companies. Consumers Energy is an electric and gas utility in Michigan and is the principal subsidiary of CMS Energy. Previously, he served from 2004 to 2010 as President and Chief Executive Officer of CMS Energy and as Chief Executive Officer of Consumers Energy Company; from 2001 to 2004 as President and Chief Operating Officer of CMS Energy and Consumers Energy; from 2000 to 2001 as Executive Vice President and Chief Operating Officer — Electric of CMS Energy; and from 1997 to 2000 as President and Chief Executive Officer of Consumers Energy. He is a director of Steelcase Inc. a global provider of workplace products, furnishings and services, where he serves on the Compensation Committee and the Audit Committee, and has been a director of CMS Energy and Consumers Energy since 2001.

Mr. Joos brings to our Board of Directors his extensive knowledge and practical experience in engineering, operations and maintenance of power plants and utility systems. Through his management of a regulated utility, he has developed a solid foundation in governmental affairs, corporate governance, human resources and environmental expertise, which benefits the Board. He has also worked extensively in the nuclear power industry.

Dr. Robert J. Routs, 69, was appointed to our Board of Directors in December 2010. From 2004 until his retirement in 2008, Dr. Routs served as Executive Director, U.S. downstream operations, of Royal Dutch Shell plc, part of a global group of energy and petrochemical companies, and as Chairman of Shell Canada. Prior to that time, he served as Group Managing Director for oil products and refining from 2003 to 2004; President and Chief Executive, Shell Oil Products U.S. from 2002 to 2003; and President and Chief Executive, Equilon Enterprises LLC, a Shell-Texaco joint venture, from 2000 to 2002. Dr. Routs began his career at Royal Dutch Shell in 1971, serving in regional manufacturing and global general manager positions throughout his tenure. He also serves on the Board of Directors of AEGON N.V., AP Moller-Maersk, ATCO Ltd. and Royal DSM N.V., and previously served on the Board of Directors of Royal KPN until 2014.

Dr. Routs was appointed to our Board for his global energy sector leadership as well as his operating and board experience. These qualifications provide our Board of Directors with valuable international business experience and knowledge, which is particularly relevant in light of the global scope of the Company's operations.

Clarence T. Schmitz, 67, was named to our Board of Directors in June 2014. He served as Chairman, Co-founder and Chief Executive Officer of Outsource Partners International Inc. until his retirement in June 2011. He was previously Executive Vice President and Chief Financial Officer of Jefferies Group Inc. from January 1995 to January 2000. He held a number of leadership positions at KPMG LLP from June 1970 to January 1995, including National Managing Partner, and served on its Board of Directors and Management Committee. Mr. Schmitz has served as Chairman of the Board of Trustees of the CureSearch National Childhood Cancer Foundation and on the Board of Trustees of The City of Hope.

Mr. Schmitz brings to our Board of Directors an extensive career in the professional services industry that spans four decades, with significant global experience as an executive and board member.

General Janet C. Wolfenbarger, USAF Retired, 57, was appointed to our Board of Directors in August 2015. General Wolfenbarger has served as a 35-year veteran of the Air Force and was the branch's first female four-star general, where she commanded the Air Force Materiel Command (AFMC) at Wright-Patterson Air Force Base in Ohio from 2012 until her retirement on July 1, 2015. General Wolfenbarger also served as the military deputy to the Assistant Secretary of the Air Force for Acquisition and as the Services Director of the Acquisition Center of Excellence at the Pentagon. General Wolfenbarger also directed the B-2 System Program Office and commanded the C-17 Systems Group for the Aeronautical Systems Center at Wright-Patterson.

General Wolfenbarger brings to our Board of Directors a distinguished career serving as a senior leader in the military as well as significant international experience. These qualifications provide our Board of Directors with valuable international and government-related experience, which is particularly relevant in light of our extensive global government business operations.

7


Table of Contents

Vote Required and Recommendation of the Board of Directors

The vote of a plurality of the shares present in person or represented by proxy and entitled to vote on the election of directors at the 2016 Annual Meeting is required to elect the nominees to the Board of Directors. This means that the five individuals nominated for election to the Board of Directors who receive the most "FOR" votes (among votes properly cast in person or by proxy) will be elected. Abstentions and broker non-votes are not counted for purposes of the election of directors.

The Board of Directors recommends that you vote FOR the election of Messrs. Fordyce, Frist, Stotlar and Tishman and Ms. Griego to the Board of Directors.

8


Table of Contents

PROPOSAL 2
RATIFICATION OF SELECTION OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM

The Audit Committee of our Board of Directors has retained Ernst & Young LLP to serve as our independent registered public accounting firm for the fiscal year ending September 30, 2016. A representative of Ernst & Young LLP is expected to be present at the 2016 Annual Meeting and will have an opportunity to make a statement if the representative so desires, and will be available to respond to appropriate questions.

Reasons for the Proposal

The selection of our independent registered public accounting firm is not required to be submitted for stockholder approval, but the Audit Committee of our Board of Directors is seeking ratification of its selection of Ernst & Young LLP from our stockholders as a matter of good corporate practice. If stockholders do not ratify this selection, the Audit Committee of our Board of Directors will reconsider its selection of Ernst & Young LLP and will, in its sole discretion, either continue to retain this firm or appoint a new independent registered public accounting firm. Even if the selection is ratified, the Audit Committee may, in its discretion, appoint a different independent registered public accounting firm at any time during the fiscal year if it determines that such a change would be in the Company's best interests and the best interests of our stockholders.

Vote Required and Recommendation of the Board of Directors

The affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2016, is required to approve this proposal. Abstentions will be counted as a vote against the proposal.

The Board of Directors recommends that you vote FOR the ratification of Ernst & Young LLP.

9


Table of Contents

PROPOSAL 3
APPROVAL OF THE COMPANY'S 2016 STOCK INCENTIVE PLAN

Overview

On November 17, 2015, the Board of Directors unanimously adopted and approved the 2016 Stock Incentive Plan (the "Plan"), and is submitting the Plan to stockholders for their adoption and approval at the 2016 Annual Meeting. The Board believes our interests are best advanced by encouraging individuals responsible for our long-term success to remain in the service of the Company and by aligning the financial objectives of such individuals with those of our stockholders, in each case, through the grant of equity-based incentives.

The Company currently administers its equity-based compensation programs under the Company's Amended and Restated 2006 Stock Incentive Plan (the "2006 SIP"). In addition, in connection with the October 2014 acquisition of URS Corporation ("URS"), the Company assumed the URS Corporation 2008 Equity Incentive Plan (the "URS Plan") and certain awards previously granted thereunder. The 2006 SIP and the URS Plan are referred to collectively as the "Prior Plans." As of December 31, 2015, 15,446,787 shares remained available for new grants under the Prior Plans; however, if the Plan is approved, no additional awards will be granted under the Prior Plans. Furthermore, any shares subject to awards made under the Prior Plans from and after January 1, 2016, will reduce the number of shares available for issuance under the Plan. The Board adopted the Plan because the 2006 SIP is due to expire on September 30, 2016.

The Plan, if approved, will provide for the issuance of up to 3,556,000 full-value awards such as Restricted Stock Units ("RSUs") and Performance Earnings Programs awards ("PEPs"), or up to 8,890,000 shares subject to awards other than full-value awards such as stock options and stock appreciation rights. The 3,556,000 shares or 8,890,000 shares represent only 2.3% or 5.8%, respectively, of the Company's outstanding common equity (measured as of December 31, 2015). If the Plan is approved, no additional awards will be granted under the Prior Plans. In addition, if the Plan is approved and awards are granted under the Prior Plans after December 31, 2015, the maximum number of shares available for issuance under the Plan will be reduced by any shares subject to such awards. The Board currently expects that the proposed share reserve under the Plan will be sufficient to fund the Company's equity compensation for at least one fiscal year.

While approving the Plan, the Board considered, among other things, the following:

Why You Should Vote to Approve the Plan

The Board recommends that our stockholders approve the Plan because it believes appropriate equity incentives are important to attract and retain the highest-caliber individuals, to link incentive reward to Company performance, to encourage employee and director ownership in our Company and to align the interests of participants to those of our stockholders. The approval of the Plan will enable us to continue to provide such incentives.

If the Plan is not approved, the number of shares currently available under the Prior Plans may not be sufficient to cover projected awards through the date of the 2017 Annual Meeting. The 2006 SIP is due to expire on September 30, 2016 and the Company generally cannot grant new awards to employees under the URS Plan. Thus, if the Plan is not approved, we may not be able to provide persons eligible for awards with compensation packages that are necessary to attract, retain and motivate these individuals.

10


Table of Contents

Key Data

Overhang is equal to the sum of the total number of shares subject to equity awards outstanding and the total number of shares available for grant under the Company's equity plans divided by the sum of the total common stock outstanding, the total number of shares subject to equity awards outstanding and the total number of shares available for grant under the Company's equity plans. If the Plan is approved by stockholders, the Company's overhang will decrease because no additional awards will be granted under the Prior Plans. The following table sets forth information to calculate the Company's overhang as of December 31, 2015:

 
  Stock Options
Outstanding
(1)(2)

  Restricted Stock
Awards and RSUs
Outstanding(3)

  PEPs
Outstanding

  Shares Issuable
for Future Grants

  Common
Shares
Outstanding

  AECOM's
Overhang

 

Before

  1,131,376   5,034,875   2,521,212   7,723,393  / 152,452,910   9.7%  /

Stockholder

              15,446,787 (4)     13.7% (4)

Approval

                         

After

 
1,131,376
 
5,034,875
 
2,521,212
 
3,556,000

 /

152,452,910
 
7.4%

 /

Stockholder

              8,890,000 (4)     10.3% (4)

Approval

                         

(1)
Weighted average exercise price of outstanding stock options is $28.92.

(2)
Weighted average remaining contractual life of outstanding stock options is 5.13 years.

(3)
Includes 1,135,408 shares issued under the URS Plan assumed by AECOM in connection with its acquisition of URS Corporation.

(4)
The first amount reflects the number of shares issuable from PEPs and RSUs. The second amount reflects the number of shares issuable from stock options.

Burn Rate is equal to the total number of equity awards the Company granted in a fiscal year divided by the weighted average common stock outstanding during the year. The following table sets forth information to calculate the Company's burn rate for the last three fiscal years:

Fiscal Year
  Stock Options
Granted(1)

  RSUs
Granted(2)(3)

  PEPs
Granted(4)

  Total Granted
  Weighted
Average
Common Shares
Outstanding

  Burn Rate
 
2013   0   1,301,169   903,208   2,204,377   100,618,349   2.19%  
2014   638,570   1,009,794   730,644   2,379,008   97,226,188   2.45%  
2015   0   1,927,497   1,119,448   3,046,945   149,604,978   2.04%  

(1)
The number of stock options cancelled in fiscal years 2013, 2014 and 2015 are 146,853, 55,827 and 25,257, respectively.

(2)
Excludes shares issued under the URS Plan assumed by AECOM in connection with its acquisition of URS Corporation in 2014.

(3)
The number of RSUs cancelled in fiscal years 2013, 2014 and 2015 are 269,543, 492,407 and 829,029, respectively.

(4)
The number of PEPs cancelled in fiscal years 2013, 2014 and 2015 are 131,257, 305,387 and 231,716, respectively.

The following table reflects the number of actual shares issued in the last three fiscal years after specified performance targets were achieved for PEP awards:

Fiscal Year
PEPs
Earned/Issued

  Number of PEPs
Earned/Issued

 
2013     483,443  
2014     86,310  
2015     385,287  

11


Table of Contents

Promotion of Good Corporate Governance Practices

The Plan provides for the following:

Section 162(m) of the Internal Revenue Code

The Board believes that it is in the best interests of the Company and its stockholders to provide for an incentive plan under which stock-based compensation awards made to the Company's executive officers can qualify for deductibility by the Company for federal income tax purposes. Accordingly, the Plan has been structured in a manner such that awards under it can satisfy the requirements for "performance-based" compensation within the meaning of Section 162(m) of the Internal Revenue Code ("the Code"). In general, under Section 162(m), in order for the Company to be able to deduct compensation in excess of $1,000,000 paid in any one year to the Company's Chief Executive Officer or any of the Company's three other most highly compensated executive officers (other than the Company's Chief Financial Officer), such compensation must qualify as "performance-based." One of the requirements of "performance-based" compensation for purposes of Section 162(m) is that the material terms of the performance goals under which compensation may be paid be disclosed to and approved by the Company's stockholders. For purposes of Section 162(m), the material terms include (i) the employees eligible to receive compensation, (ii) a description of the business criteria on which the performance goal is based and (iii) the maximum amount of compensation that can be paid to an employee under the performance goal. With respect to the various types of awards under the Plan, each of these aspects is discussed below, and stockholder approval of the Plan will be deemed to constitute approval of each of these aspects of the Plan for purposes of the approval requirements of Section 162(m). Although stockholder approval is one of the requirements for exemption under Section 162(m), even with stockholder approval there can be no guarantee that compensation will be treated as exempt "performance-based" compensation under Section 162(m). Furthermore, our Compensation/Organization Committee will continue to have the authority to provide compensation that is not exempt from the limits on deductibility under Section 162(m).

12


Table of Contents

Plan Summary

The following summary of the material terms of the Plan is qualified in its entirety by reference to the complete statement of the Plan, which is set forth in Annex B of this Proxy Statement.

Administration.    The Plan will be administered by the Compensation/Organization Committee of the Board, or in the absence of a Compensation/Organization Committee, a properly constituted compensation committee or the Board itself. Subject to the express provisions of the Plan (including the minimum vesting conditions described below), the administrator is authorized and empowered to do or perform all things that it determines to be necessary or appropriate in connection with the administration of the Plan. The Compensation/Organization Committee may, by resolution, authorize one or more officers of the Company to perform any or all things that it is authorized and empowered to do or perform under the Plan, provided that such resolution will specify the total number of awards (if any) such officer or officers may award pursuant to such delegated authority. No such officer will designate himself or herself as a recipient of any awards granted under authority delegated to such officer. In addition, the Compensation/Organization Committee may delegate any or all aspects of the day-to-day administration of the Plan to one or more officers or employees of the Company or any subsidiary, and/or to one or more agents.

Participants.    Any person who is a current or prospective officer or employee (including any director who is also an employee, in his or her capacity as such) of the Company or of any subsidiary will be eligible for selection by the administrator for the grant of awards under the Plan. In addition, non-employee directors (subject to the limitations on the value of awards that can be granted to any non-employee director annually as specified in the Plan and discussed below) and any service providers who have been retained to provide consulting, advisory or other services to the Company or to any subsidiary will be eligible for the grant of awards under the Plan. Options intending to qualify as "incentive stock options" ("ISOs") within the meaning of Section 422 of the Code may only be granted to employees of the Company or any subsidiary. Approximately 92,000 employees and 11 non-employee directors qualify to participate in the Plan as of the end of fiscal year 2015.

Qualifying Performance Criteria.    The administrator may establish performance criteria and level of achievement versus such criteria that will determine the number of shares, units or cash to be granted, retained, vested, issued or issuable under or in settlement of or the amount payable pursuant to an award; which criteria may be based on "qualifying performance criteria" (as described below) or other standards of financial performance; and/or personal performance evaluations. In addition, the administrator may specify that an award or a portion of an award is intended to satisfy the requirements for "performance-based compensation" under Section 162(m) of the Code, provided that the performance criteria for such award or portion of an award that is intended by the administrator to satisfy the requirements for "performance-based compensation" under Section 162(m) will be a measure based on one or more qualifying performance criteria selected by the administrator and specified at the time the award is granted. The administrator will certify the extent to which any qualifying performance criteria has been satisfied, and the amount payable as a result thereof, prior to payment, settlement or vesting of any award that is intended to satisfy the requirements for "performance-based compensation" under Section 162(m).

For purposes of the Plan, the term "qualifying performance criteria" means any one or more of the following performance criteria, or derivations of such performance criteria, either individually, alternatively or in any combination, applied to either the company as a whole or to a business unit or subsidiary, either individually, alternatively or in any combination and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years' results or to a designated comparison group, either based upon United States Generally Accepted Principles ("GAAP") or non-GAAP financial results, in each case as specified by the administrator: (i) cash flow (before or after dividends), (ii) free cash flow or free cash flow per share, (iii) earnings or earnings per share (including earnings before interest, taxes, depreciation and amortization), (iv) stock price, (v) return on equity, (vi) total stockholder return, (vii) return on capital or investment (including return on total capital, return on invested capital or return on investment), (viii) return on assets or net assets, (ix) market capitalization, (x) economic value added, (xi) debt leverage (debt to capital), (xii) revenue, (xiii) income or net income, (xiv) operating income, (xv) operating profit or net operating profit, (xvi) operating margin or profit margin, (xvii) return on operating revenue, (xviii) cash from operations,

13


Table of Contents

(xix) operating ratio, (xx) operating revenue, (xxi) net service revenue and/or total backlog, (xxii) days sales outstanding, (xxiii) health and safety or (xxiv) customer service.

To the extent consistent with Section 162(m), the administrator may appropriately adjust any evaluation of performance under a qualifying performance criteria (i) to eliminate the effects of charges for restructurings, discontinued operations and all items of gain, loss or expense that are infrequently occurring or related to the disposal of a segment of a business or related to a change in accounting principles, all as determined in accordance with applicable accounting provisions, as well as the cumulative effect of accounting changes, in each case as determined in accordance with GAAP or as identified in the company's financial statements or notes to the financial statements, (ii) to exclude any of the following events that occur during a performance period: (a) asset write-downs, (b) litigation, claims, judgments or settlements, (c) the effect of changes in tax law or other such laws or provisions affecting reported results, (d) accruals for reorganization and restructuring programs and (e) accruals of any amounts for payment under the Plan or any other compensation arrangement maintained by the Company, and (iii) for such other events as the administrator deems appropriate, if such adjustment is timely approved in connection with the establishment of such qualifying performance criteria.

Shares Subject to the Plan and to Awards.    The aggregate number of shares issuable under the Plan will not exceed 8,890,000. Any shares issued under options or stock appreciation rights will be counted against the number of shares issuable under the Plan on a one-for-one (1:1) basis and any shares issued pursuant to awards other than options or stock appreciation rights will be counted against this limit as 2.5 shares for every one (1) share subject to such award. Shares subject to outstanding awards under the Prior Plans as of January 1, 2016 (such awards the "Prior Plan Awards"), that, from and after January 1, 2016, are canceled, expired, forfeited or otherwise not issued pursuant to such Prior Plan Award (including as a result of being withheld to pay withholding taxes in connection with any such awards (other than options or stock appreciation rights) or such award being settled in cash) will be added to the number of shares issuable under the Plan as one (1) share if such shares were subject to options or stock appreciation rights granted under a Prior Plan, and as 2.5 shares if such shares were subject to awards other than options or stock appreciation rights granted under a Prior Plan. The aggregate number of shares available for grant under the Plan and the number of shares subject to outstanding awards will be subject to adjustment as provided in the Plan. The shares issued pursuant to awards granted under the Plan may be shares that are authorized and unissued or shares that were reacquired by the Company, including shares purchased in the open market.

For purposes of the share limit described above, the aggregate number of shares issued under the Plan at any time will equal only the number of shares actually issued upon exercise or settlement of an award under the Plan. Notwithstanding the foregoing, shares subject to an award under the Plan may not again be made available for issuance under the Plan (and shall not be added to the Plan in respect of awards under a Prior Plan) if such shares are: (i) shares that were subject to a stock-settled stock appreciation right and were not issued upon the net settlement or net exercise of such stock appreciation right, (ii) shares delivered to or withheld by the Company to pay the exercise price of an option, (iii) shares delivered to or withheld by the Company to pay the withholding taxes related an option or a stock appreciation right or (iv) shares repurchased on the open market with the proceeds of an option exercise. Any shares that again become available for grant pursuant to the foregoing will be added back as one (1) share if such shares were subject to options or stock appreciation rights, and as 2.5 shares if such shares were subject to awards other than options or stock appreciation rights. Shares subject to awards that have been canceled, expired, forfeited, delivered to or withheld by the Company to pay the withholding taxes related to an award other than an option or a stock appreciation right or otherwise not issued under an award and shares subject to awards settled in cash will not count as shares issued under the Plan.

Subject to adjustments for changes in capitalization, the aggregate number of shares that may be earned pursuant to awards granted under the Plan during any calendar year to any one participant will not exceed 2,000,000. Subject to adjustments for changes in capitalization, the aggregate number of shares that may be issued pursuant to the exercise of ISOs granted under the Plan will not exceed 7,000,000. The maximum cash amount payable pursuant to all incentive bonus awards granted in any calendar year to any participant under the Plan that are intended by the administrator to satisfy the requirements for "performance-based compensation" under Section 162(m) of the Code will not exceed $10,000,000.

14


Table of Contents

The aggregate dollar value of equity-based (based on the grant date fair value of equity-based awards) and cash compensation granted under the Plan or otherwise during any calendar year to any one non-employee director may not exceed $600,000; provided, however, that in the calendar year in which a non-employee director first joins the Board or is first designated as Chairman of the Board or Lead Director, the maximum aggregate dollar value of equity-based and cash compensation to the participant may be up to 200% of the foregoing limit and the foregoing limit will not count any tandem SARs (as defined below).

Awards granted or shares issued by the Company in assumption of or in substitution or exchange for awards previously granted or the right or obligation to make future awards, by a company acquired by the Company or any subsidiary or with which the Company or any other subsidiary combines will not reduce the amount of shares authorized for issuance under the Plan or authorized for grant to a participant in any calendar year. Additionally, in the event that a company acquired by the Company or any subsidiary, or with which the Company or any subsidiary combines, has shares available under a pre-existing plan approved by stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for awards under the Plan and will not reduce the amount of shares authorized for issuance under the Plan; provided that awards using such available shares will not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and will only be made to individuals who were employees or directors of such acquired or combined company before such acquisition or combination.

No Acceleration and Minimum Vesting.    The administrator will not have the discretion to accelerate the vesting of any outstanding awards, except that the administrator may accelerate the vesting of awards in the event of a participant's death or disability or pursuant to the Plan's change in control provisions. Further, options and stock appreciation rights granted under the Plan may not become exercisable, vest or be settled, in whole or in part, prior to the one-year anniversary of the date of grant, except that the administrator may provide that awards become exercisable, vest or settle prior to such date in the event of a participant's death, disability or in the event of a change in control. Notwithstanding the foregoing, with respect to options or stock appreciation rights, up to 5% of the aggregate number of shares authorized for issuance under the Plan may be issued pursuant to awards subject to any, or no, vesting conditions, as the administrator determines appropriate.

Option Awards.    The administrator will establish the exercise price per share under each option, which, other than in the event of substitute awards granted in connection with a merger or other acquisition, will not be less than the fair market value of a share on the date the option is granted. The administrator will establish the term of each option, which in no case may exceed a period of seven (7) years from the date of grant. Options granted under the Plan may either be ISOs or options which are not intended to qualify as ISOs or non-qualified stock options ("NQSOs"). Other than in connection with a change in the Company's capitalization, the Company will not, without stockholder approval, reduce the exercise price of an option and, at any time when the exercise price of an option is above the fair market value of a share, the Company will not, without stockholder approval (except in the case of a change in control), cancel and re-grant or exchange such option for cash or a new award.

Stock Appreciation Rights.    A stock appreciation right ("SAR") provides the right to the monetary equivalent of the increase in value of a specified number of shares over a specified period of time after the right is granted. Stock appreciation rights may be granted to participants either in tandem with or as a component of other awards granted under the Plan ("tandem SARs") or not in conjunction with other awards ("freestanding SARs"). All freestanding SARs will be granted subject to the same terms and conditions and limitations applicable to options as set forth above and in the Plan and all tandem SARs will have the same exercise price, vesting, exercisability, forfeiture and termination provisions as the award to which they relate. Other than in connection with a change in the Company's capitalization, the Company will not, without stockholder approval, reduce the exercise price of such stock appreciation right and, at any time when the exercise price of a stock appreciation right is above the fair market value of a share, the Company will not, without stockholder approval (except in the case of a change in control), cancel and re-grant or exchange such stock appreciation right for cash or a new award.

15


Table of Contents

Restricted Stock and Restricted Stock Units.    Restricted stock is an award or issuance of shares the grant, issuance, retention, vesting and/or transferability of which is subject during specified periods of time to conditions (including continued employment or performance conditions) and terms as the administrator deems appropriate (subject to the minimum vesting conditions described above). Restricted stock units are awards denominated in units of shares under which the issuance of shares is subject to conditions (including continued employment or performance conditions) and terms as the administrator deems appropriate. Participants holding shares of restricted stock granted under the Plan may exercise full voting rights with respect to those shares during the period of restriction. Participants will have no voting rights with respect to shares underlying restricted stock units unless and until such shares are reflected as issued and outstanding shares on the company's stock ledger. Participants in whose name restricted stock is granted will be entitled to receive all dividends and other distributions paid with respect to those shares, unless determined otherwise by the administrator. Shares underlying restricted stock units will be entitled to dividends or dividend equivalents only to the extent provided by the administrator. In no event will dividends or dividend equivalents be paid during the performance period with respect to unearned shares of restricted stock or unearned restricted stock units, in each case, that are subject to performance-based vesting criteria. Dividends or dividend equivalents accrued on or in respect of such awards will become payable (if at all) no earlier than the date the performance-based vesting criteria have been achieved and the underlying restricted stock or restricted stock units have been earned.

Incentive Bonuses.    The administrator will establish the performance criteria and level of achievement versus these criteria that will determine the target and maximum amount payable under an incentive bonus, which criteria may be based on performance conditions.

Deferral of Gains.    The administrator may, in an award agreement or otherwise, provide for the deferred delivery of shares or cash upon settlement, vesting or other events with respect to restricted stock units, or in payment or satisfaction of an incentive bonus.

Amendment and Termination.    The Board may amend, alter or discontinue the Plan and the administrator may amend or alter any agreement or other document evidencing an award made under the Plan, except no such amendment may, without the approval of the stockholders of the Company (other than in respect of a change in the Company's capitalization): increase the maximum number of shares for which awards may be granted under the Plan; reduce the price at which options may be granted pursuant to the terms of the Plan; reduce the exercise price of outstanding options or stock appreciation rights and, at any time when the exercise price of an option or stock appreciation right is above the fair market value of a share (except in the case of a change in control), cancel and re-grant or exchange such option or stock appreciation right for cash or a new award; extend the term of the Plan; change the class of persons eligible to be participants; otherwise amend the Plan in any manner requiring stockholder approval by law or under the NYSE's listing requirements; or increase the individual maximum limits set forth in the Plan.

No amendment or alteration to the Plan or an award or award agreement may be made which would impair the rights of the holder of an award, without such holder's consent, provided that no such consent will be required if the administrator determines in its sole discretion and prior to the date of any change in control that such amendment or alteration either is required or advisable in order for the Company, the Plan or the award to satisfy any law or regulation or to meet the requirements of or avoid adverse financial accounting consequences under any accounting standard, or is not reasonably likely to significantly diminish the benefits provided under such award, or that any such diminishment has been adequately compensated.

Adjustments of and Changes in the Stock.    The number and kind of shares available for issuance under the Plan (including under any awards then outstanding), and the number and kind of shares subject to the limits set forth in the Plan and above, will be equitably adjusted by the administrator to reflect any reorganization, reclassification, combination of shares, stock split, reverse stock split, spin-off, dividend or distribution of securities, property or cash (other than regular, quarterly cash dividends), or any other event or transaction that affects the number or kind of shares of the Company outstanding.

In the event there shall be any other change in the number or kind of outstanding shares or to any stock or other securities into which such shares shall have been changed or for which it shall have been exchanged, by reason of a change of control, other merger, consolidation or otherwise (a "Transaction"), then the administrator will, in its sole discretion, determine the appropriate and equitable adjustment, if any, to be effected, which adjustments need not be uniform between different awards or different types of awards. Unless otherwise

16


Table of Contents

provided in an award agreement, in the event of a Transaction, outstanding awards may be continued or assumed by the continuing or successor organization, or the successor may substitute equivalent awards. With respect to awards subject to performance-based vesting criteria that are continued, assumed or substituted for in accordance with the preceding sentence, such awards will either (a) continue to be subject to such performance-based vesting criteria or (b) be deemed to have satisfied such performance-based vesting criteria based on the actual Company's achievement with respect to such performance-based vesting criteria through the date of the Transaction.

Unless otherwise provided in an award agreement, in the event of a Transaction in which the successor does not continue, assume or substitute for any outstanding awards, all awards that are not assumed, continued or substituted for will be treated as follows effective immediately prior to (and contingent upon) the consummation of the Transaction: (a) in the case of an option or stock appreciation right, the participant will have the ability to exercise such option or stock appreciation right, including any portion of the option or stock appreciation right not previously exercisable, (b) in the case of any award the vesting of which is in whole or in part subject to performance-based vesting criteria, all conditions to the grant, issuance, retention, vesting or transferability of, or any other restrictions applicable to, such award will immediately lapse and such award will immediately vest and the participant will have the right to receive a payment based on the actual Company's achievement with respect to such performance-based vesting criteria through the date of the Transaction and (c) in the case of outstanding restricted stock and/or restricted stock units (other than those referenced in clause (b)), all conditions to the grant, issuance, retention, vesting or transferability of, or any other restrictions applicable to, such award will immediately lapse and such awards shall immediately vest.

Transferability.    Awards may not be sold, transferred for value, pledged, assigned or otherwise alienated or hypothecated by a participant other than by will or the laws of descent and distribution, and each option or stock appreciation right may be exercisable only by the participant during his or her lifetime. Notwithstanding the foregoing, outstanding options may be exercised following a participant's death by the participant's beneficiaries or as permitted by the administrator, and, to the extent permitted by the administrator, the person to whom an award is initially granted may make certain limited transfers to certain family members, family trusts or family partnerships.

Effective Date and Termination of the Plan.    The Board of Directors originally adopted the Plan on November 17, 2015, and it will become effective upon approval by the Company's stockholders at the 2016 Annual Meeting (the "Effective Date"). The Plan will remain available for the grant of awards until the 10th anniversary of the Effective Date.

Federal Income Tax Treatment

The following discussion of the federal income tax consequences of the Plan is intended to be a summary of applicable federal law as currently in effect. It should not be taken as tax advice by Plan participants, who are urged to consult their individual tax advisors.

Stock Options.    ISOs and NQSOs are treated differently for federal income tax purposes. ISOs are intended to comply with the requirements of Section 422 of the Code. NQSOs do not comply with such requirements.

An optionee is not taxed on the grant or exercise of an ISO. The difference between the exercise price and the fair market value of the shares on the exercise date will, however, be a preference item for purposes of the alternative minimum tax. If an optionee holds the shares acquired upon exercise of an ISO for at least two years following the option grant date and at least one year following exercise, the optionee's gain, if any, upon a subsequent disposition of such shares is long-term capital gain. The measure of the gain is the difference between the proceeds received on disposition and the optionee's basis in the shares (which generally equals the exercise price). If an optionee disposes of stock acquired pursuant to the exercise of an ISO before satisfying these holding periods, the optionee will recognize both ordinary income and capital gain in the year of disposition. The Company is not entitled to an income tax deduction on the grant or exercise of an ISO or on the optionee's disposition of the shares after satisfying the holding period requirement described above. If the holding periods are not satisfied, the Company will be entitled to a deduction in the year the optionee disposes of the shares in an amount equal to the ordinary income recognized by the optionee.

17


Table of Contents

In order for an option to qualify for ISO tax treatment, the grant of the option must satisfy various other conditions more fully described in the Code. The Company does not guarantee that any option will qualify for ISO tax treatment even if the option is intended to qualify for such treatment. In the event an option intended to be an ISO fails to so qualify, it will be taxed as an NQSO as described below.

An optionee is not taxed on the grant of an NQSO. On exercise, the optionee recognizes ordinary income equal to the difference between the exercise price and the fair market value of the shares acquired on the date of exercise. The Company is entitled to an income tax deduction in the year of exercise in the amount recognized by the optionee as ordinary income. The optionee's gain (or loss) on a subsequent disposition of the shares is long term capital gain (or loss) if the shares are held for at least one year following exercise. The Company does not receive a deduction for this gain.

Stock Appreciation Rights.    An optionee is not taxed on the grant of a stock appreciation right. On exercise, the optionee recognizes ordinary income equal to the cash or the fair market value of any shares received. The Company is entitled to an income tax deduction in the year of exercise in the amount recognized by the optionee as ordinary income.

Restricted Stock and Restricted Stock Units.    Grantees of restricted stock or restricted stock units do not recognize income at the time of the grant. When the award vests or is paid, grantees generally recognize ordinary income in an amount equal to the fair market value of the stock or units at such time, and the Company will receive a corresponding deduction. However, no later than 30 days after a participant receives an award of restricted stock, such participant may elect to recognize taxable ordinary income in an amount equal to the fair market value of the shares at the time of receipt. Provided that the election is made in a timely manner, when the restrictions on the shares lapse, the participant will not recognize any additional income. If the participant forfeits the shares to the Company (e.g., upon the participant's termination prior to vesting), the participant may not claim a deduction with respect to the income recognized as a result of the election. Dividends paid with respect to unvested shares of restricted stock generally will be taxable as ordinary income to the participant at the time the dividends are received.

Incentive Bonuses.    A participant will have taxable income at the time an incentive bonus award becomes payable and, if the participant has timely elected deferral to a later date, at such later date. At these times, the participant will recognize ordinary income equal to the value of the amount then payable.

Company Deduction and Section 162(m).    The Plan is designed to allow awards made under it to qualify as "performance-based compensation" within the meaning of Section 162(m) of the Code, however there can be no guarantee that amounts payable under the Plan will be treated as qualified "performance-based" compensation under Section 162(m). In general, under Section 162(m), in order for the Company to be able to deduct compensation in excess of $1,000,000 paid in any one year to our Chief Executive Officer or to any of our three other most-highly compensated executive officers (other than the Chief Financial Officer), such compensation must qualify as "performance-based." However, the rules and regulations promulgated under Section 162(m) are complicated and subject to change from time to time, sometimes with retroactive effect. In addition, a number of requirements must be met in order for particular compensation to so qualify. As such, there can be no assurance that any compensation awarded or paid under the Plan will be deductible under all circumstances.

New Plan Benefits

The benefits that will be awarded or paid in the future under the Plan are not currently determinable. Such awards are within the discretion of the Compensation/Organization Committee and the Compensation/Organization Committee has not determined future awards nor who might receive them. Information about awards granted in fiscal year 2015 under the Company's Amended and Restated 2006 SIP to the Company's named executive officers can be found in the table under the heading "Grants of Plan-Based Awards" below.

Vote Required and Recommendation of the Board of Directors

The affirmative vote of a majority of the votes cast is required for the approval of the Plan.

The Board of Directors recommends that you vote FOR the 2016 Stock Incentive Plan.

18


Table of Contents

Equity Compensation Plans

The following table presents certain information about shares of AECOM common stock that may be issued under our equity compensation plans as of September 30, 2015:

 
 

Column A

 

Column B

 

Column C

 
Plan Category
  Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights(1)

  Weighted-average
exercise price of
outstanding options,
warrants and rights

  Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding
securities reflected in
Column A)

 

Equity compensation plans not approved by stockholders

  N/A   N/A   N/A  

Equity compensation plans approved by stockholders

             

AECOM 2006 Stock Incentive Plan

  6,911,018 (2) $28.26 (3) 20,040,827 (4)

AECOM Employee Stock Purchase Plan

  N/A   N/A   4,874,796  

Total

  6,911,018   $28.26   24,915,623  

(1)
The table does not include information for the 1,226,365 shares issued under the URS Plan assumed by AECOM in connection with its acquisition of URS Corporation. No additional equity awards may be granted under the URS Plan.

(2)
Includes 1,305,017 shares issuable upon the exercise of stock options, 3,372,210 shares issuable upon the vesting of Restricted Stock Units and 2,233,791 shares issuable if specified performance targets are met under Performance Earnings Program Awards.

(3)
Weighted average exercise price of outstanding options-only rights.

(4)
Revised securities remaining available for future issuance, which will be reduced upon the approval of the 2016 Stock Incentive Plan.

19


Table of Contents

PROPOSAL 4
ADVISORY RESOLUTION TO APPROVE
EXECUTIVE COMPENSATION

In accordance with Section 14A of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which was added under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), we are asking stockholders to approve, on an advisory basis, the Company's executive compensation as reported in this Proxy Statement. Taking into consideration the voting results from the Company's 2011 Annual Meeting of Stockholders concerning the frequency of the stockholder advisory vote on executive compensation, the Board of Directors has determined that the Company shall hold an annual advisory vote to approve executive compensation at the next advisory vote on the frequency of such votes. As such, the next advisory vote to approve executive compensation will be held at the 2017 Annual Meeting.

At AECOM, executive compensation plans are driven by short- and long-term financial performance metrics that are designed to align management's incentives with long-term stockholder value. Importantly, AECOM believes its executives should be compensated for performance on specific metrics that result in long-term value creation for its stockholders. As such, AECOM's executives are incentivized on cash flow per share and earnings per share ("EPS").

Free cash flow per share1 and adjusted earnings per share2 grew by 52% and 14% in fiscal year 2015, respectively, highlighting the successful execution and integration of the URS acquisition and the benefits of AECOM's diversified business model in the face of uneven global economic growth. The Company's strong culture around cash management and operating efficiency contributed to strong conversion of earnings to cash flow. The Company benefited from organic growth in building construction and international design as well as from strong earnings from the management services businesses. In addition, the contribution from the URS and Hunt Construction acquisitions had a favorable impact on results.

These achievements were supported by strong relationships with clients, talented employees and an effective leadership team focused on its vision to become the world's premier fully integrated infrastructure services company.

In order to achieve its long-term financial and strategic objectives, AECOM's management team employs a balanced capital allocation strategy to leverage its industry-leading free cash flow performance. This includes mergers and acquisitions, debt reduction, organic investments and share repurchases. Following several years of share repurchase and significant share price appreciation, the Company issued both debt and equity to finance the transformational URS acquisition, which closed in October 2014. The acquisition of URS expanded the Company's capabilities and diversified the business into higher-growth markets — such as increased private sector exposure in industrial, energy and nuclear decommissioning — and further strengthened AECOM's leading competitive position and integrated delivery model.

Further, the Company continued to invest capital in AECOM Capital, which it expects will contribute to earnings in fiscal year 2016.

Both the URS acquisition and AECOM Capital investments underscore management's commitment to investing in growth and better positioning the Company to achieve its vision to be the premier fully integrated infrastructure firm that is able to design, build, finance and operate projects for clients across the globe.

We urge stockholders to read the "Compensation Discussion and Analysis" section in this Proxy Statement, which describes in more detail how our executive compensation policies and procedures operate and are designed to achieve our compensation objectives, as well as the Summary Compensation Table and related compensation tables and narrative, which provide detailed information on the compensation of our Named

   


1
Free cash flow per share is defined as cash flow from operations excluding capital expenditures; see Annex A, Reconciliation of Non GAAP Items.

2
Adjusted earnings per share is defined as attributable to AECOM, excluding acquisitions and integration expenses financing charges in interest expense, and the amortization of intangible assets; see Annex A, Reconciliation of Non GAAP Items.

20


Table of Contents

Executive Officers ("NEOs"). The Compensation/Organization Committee and the Board of Directors believe that the policies, procedures and programs articulated in the Compensation Discussion and Analysis are effective in achieving our goals and that the compensation of our Named Executive Officers reported in this Proxy Statement has supported and contributed to the Company's success.

We are asking stockholders to approve the following advisory resolution at the 2016 Annual Meeting:

This advisory resolution, commonly referred to as a "Say-on-Pay" resolution, is non-binding on the Company, the Board of Directors and the Compensation/Organization Committee and will not be construed as overruling a decision by, nor creating nor implying any additional fiduciary duty for, the Company, the Board of the Directors or the Compensation/Organization Committee. However, the Board and the Compensation/Organization Committee will review and consider the voting results on this Proposal 4 when evaluating our executive compensation program.

Vote Required and Recommendation of the Board of Directors

The affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the advisory resolution on the Company's executive compensation at the 2016 Annual Meeting is required to approve the advisory resolution on the Company's executive compensation. Abstentions will be counted as a vote against the resolution, whereas broker non-votes will have no effect on the vote.

The Board of Directors recommends that you vote FOR the advisory resolution to approve executive compensation.

21


Table of Contents

CORPORATE GOVERNANCE

Board Meetings

During our fiscal year ended September 30, 2015, our Board of Directors met five times, the Audit Committee met five times, the Compensation/Organization Committee met four times, the Nominating and Governance Committee met four times and the Strategy, Risk and Safety Committee met three times. Each incumbent director attended at least 75% of the aggregate of (1) the total number of meetings of our Board of Directors and (2) the total number of meetings held by all committees of the Board of Directors on which he or she served during fiscal year 2015.

Director Independence

Currently, 10 of the 13 members of our Board of Directors are independent directors as defined in accordance with the listing standards of the NYSE. These standards provide that a director is independent only if our Board of Directors affirmatively determines that the director has no direct or indirect material relationship with the Company. They also specify various relationships that preclude a determination of director independence. Material relationships may include commercial, industrial, consulting, legal, accounting, charitable, family and other business, professional and personal relationships.

Applying these standards, our Board of Directors, upon the recommendation of our Nominating and Governance Committee, annually reviews the independence of our directors. In its most recent review, our Board of Directors considered, among other things, the employment relationships between the Company and our directors and their families; the other specific relationships that would preclude a determination of independence under the NYSE independence rules; any affiliation of the Company's directors and their families with the Company's independent registered public accounting firm, compensation consultants, legal counsel and other consultants and advisors; any transactions with directors and members of their families that would require disclosure in this Proxy Statement under U.S. Securities and Exchange Commission ("SEC") rules regarding related person transactions; the insubstantial amount of goods and services that we purchase in the ordinary course of business from companies of which some of our directors or members of their families are associated; and the modest amount of our contributions to non-profit organizations of which some of our directors or members of their families are associated.

Our Nominating and Governance Committee and the Board of Directors have determined that the following members and nominees are independent as determined by the standards of the NYSE: James H. Fordyce, Senator William H. Frist, Linda Griego, David W. Joos, Dr. William G. Ouchi, Dr. Robert J. Routs, William P. Rutledge, Clarence T. Schmitz, Douglas Stotlar and General Janet C. Wolfenbarger.

Board Leadership Structure

The Board has been, and continues to be, a proponent of Board independence. As a result, the Company's corporate governance structures and practices provide for a strong, independent Board and include several independent oversight mechanisms, including a lead independent director, only independent directors serving as committee chairpersons and the directors' and committees' ability to engage independent consultants and advisors.

The Audit, Compensation/Organization and Nominating and Governance Committees are composed entirely of independent directors. The Nominating and Governance Committee is responsible for recommending the appointment of a lead independent director, which is appointed by the Board.

Dr. William G. Ouchi has served as the lead independent director since fiscal year 2013 and will continue to serve in this role until the 2016 Annual Meeting, at which time he will retire according to our director retirement policy and will not stand for re-election.

22


Table of Contents

Effective as of the 2016 Annual Meeting, the Board has nominated James H. Fordyce as the new lead independent director. Mr. Fordyce brings considerable financial expertise from his past business experience as well as essential corporate governance experience from his current and prior service on private and public company boards.

The intended purpose of establishing the position of lead independent director is to expand lines of communication between the Board and members of management. It is not intended to reduce the free and open access and communications that each independent board member has with other board members and members of management. The lead independent director has the following duties:

To complement this structure, the Board believes it is important to retain its flexibility to allocate the responsibilities of the offices of the Chairman of the Board and Chief Executive Officer in the best interests of the Company. The Board believes that the decision as to who should serve in those roles, and whether such offices should be combined or separate, should be assessed periodically by the Board, and that the Board should not be constrained by a rigid policy mandate when making these determinations. Additionally, the Board believes that it needs to retain the ability to balance the independent Board structure with the flexibility to appoint as Chairman of the Board someone with hands-on knowledge of, and experience in, the operations of the Company.

Effective as of our 2015 Annual Meeting of Stockholders, the Board determined that the positions of Chairman of the Board and Chief Executive Officer would be held by Michael S. Burke. Mr. Burke has served as a key executive at the Company since 2005 where he gained unique insights into our business and the complex challenges we face, including being directly involved in the evolution of AECOM from a private company with approximately 20,000 employees into a public company with more than 92,000 employees. The Board continues to believe that Mr. Burke is uniquely positioned to identify, lead and oversee the execution of our future strategic initiatives. The Board also believes that the established role of the lead independent director will continue to help ensure the effective independent functioning of the Board in fulfilling its oversight role. Therefore, in light of Mr. Burke's past tenure and his unique knowledge of the long-term goals of the Company, and because the lead independent director is empowered to play a significant role in the Board's oversight, the Board continues to believe that it is advantageous to continue to combine the positions of Chief Executive Officer and Chairman of the Board.

Executive Sessions

Executive sessions of non-employee directors are included on the agenda for every regularly scheduled Board of Directors meeting and, during fiscal year 2015, executive sessions were held at each regularly scheduled Board of Directors meeting. Executive sessions are chaired by the lead independent director.

Board's Role in Risk Oversight

The Board plays an active role, both as a whole and at the committee level, in overseeing management of the Company's risks. Management is responsible for the Company's day-to-day risk-management activities. The Company relies on a comprehensive risk management process to aggregate, monitor, measure and manage risks. The risk management process is designed to enable the Board of Directors to establish a mutual understanding with management of the effectiveness of the Company's risk management practices and

23


Table of Contents

capabilities, to review the Company's risk exposure and to elevate certain key risks for discussion at the Board level. The Company's risk management process is overseen by its Chief Risk Officer.

The Strategy, Risk and Safety Committee, in consultation with the Audit Committee and Nominating and Governance Committee, oversees the Company's overall policies regarding risk assessment and risk management. In addition, the Compensation/Organization Committee oversees risks relating to the Company's compensation policies and practices, as described below. The Audit Committee also oversees the Company's internal audit function. The full Board monitors risk through regular reports from each of the Committee chairs and is apprised of particular risk management matters in connection with its general oversight and approval of corporate matters. We believe the division of risk management responsibilities described above provides an effective framework for evaluating and addressing the risks facing the Company, and that our Board leadership structure supports this approach because it allows our independent directors, through the independent committee chairpersons, to exercise effective oversight of the actions of management.

Risk Assessment of Compensation Policies and Practices

In fiscal year 2015, the Compensation/Organization Committee's independent consultant, Exequity LLP, conducted a risk assessment of the Company's compensation policies and practices as they apply to all employees, including executive officers. The consultant reviewed the design features and performance metrics of our cash and stock-based incentive programs, along with the approval mechanisms associated with each, to determine whether any of these policies and practices could create risks that are reasonably likely to have a material adverse effect on the Company.

As part of the review, several factors were noted that reduce the likelihood of excessive risk-taking:

Based on this assessment, the Company concluded that its compensation policies and practices do not create risks that are reasonably likely to have a material adverse effect on the Company.

24


Table of Contents

Committees of the Board of Directors

The Board of Directors of the Company has four standing committees: the Audit Committee, the Compensation/Organization Committee, the Nominating and Governance Committee and the Strategy, Risk and Safety Committee. In accordance with NYSE regulations, each member of the Audit Committee, the Compensation/Organization Committee, and the Nominating and Governance Committee has been determined by our Board of Directors to be "independent." The committees operate under written charters that are available for viewing on the "Corporate Governance" area of the "Investors" section of our Web site at www.aecom.com.

The members of each of the Company's standing committees are as follows:

Audit Committee

William P. Rutledge, Chair
David W. Joos
Clarence T. Schmitz
Douglas W. Stotlar

Compensation/Organization Committee

James H. Fordyce, Chair
Linda Griego
Dr. William G. Ouchi
Dr. Robert J. Routs
William P. Rutledge
Clarence T. Schmitz

Nominating and Governance Committee

Linda Griego, Chair
Senator William H. Frist
David W. Joos
Dr. William G. Ouchi
General Janet C. Wolfenbarger, USAF Retired

Strategy, Risk and Safety Committee

Dr. Robert J. Routs, Chair
John M. Dionisio
James H. Fordyce
Daniel R. Tishman

Audit Committee.    The Audit Committee, which is composed solely of independent directors as defined under Rule 10A-3(b)(1) of the rules of the U.S. Securities and Exchange Commission and the regulations of the NYSE, appoints the Company's independent auditors, reviews the results and scope of the audit of our financial statements as well as other services provided by our independent auditors, reviews and approves audit fees and all non-audit services as well as reviews and evaluates our audit and control functions, including our internal audit function. Our Audit Committee held five meetings during fiscal year 2015. Our Board of Directors has determined that Mr. Rutledge, Chairperson of the Audit Committee, and Messrs. Joos, Schmitz and Stotlar each qualify as an "audit committee financial expert" as defined by the rules under the Exchange Act. The "Report of the Audit Committee" is included in this Proxy Statement.

Compensation/Organization Committee.    The Compensation/Organization Committee, which is composed solely of independent directors as defined under the regulations of the NYSE, non-employee directors, as defined under Rule 16b-3 of the Exchange Act, and outside directors for purposes of Section 162(m) of the Code, oversees our compensation plans. Such oversight includes decisions regarding executive management salaries, incentive compensation and long-term compensation plans, as well as Company-wide equity plans for our employees. This committee also reviews the Board of Directors' compensation plan for non-employee directors, determines whether independent compensation consultants should be utilized and oversees management succession planning. For further information regarding the Compensation/Organization

25


Table of Contents

Committee's processes and procedures for determining executive and non-employee director compensation, see the Compensation Discussion and Analysis section of this Proxy Statement. Our Compensation/Organization Committee held four meetings during fiscal year 2015. The "Report of the Compensation/Organization Committee of the Board of Directors" is included in this Proxy Statement.

Nominating and Governance Committee.    The Nominating and Governance Committee is composed solely of independent directors as defined under the regulations of the NYSE and is responsible for recruiting and retaining qualified persons to serve on our Board of Directors, including recommending such individuals to the Board of Directors for nomination for election as directors; for evaluating director independence; and for oversight of our ethics and compliance activities. The Nominating and Governance Committee also considers written suggestions from stockholders, including potential nominees for election, and oversees other governance programs such as the Company's Corporate Governance Guidelines. This committee also conducts performance evaluations for the class of directors being elected at each annual meeting of stockholders. Our Nominating and Governance Committee held four meetings during fiscal year 2015.

Strategy, Risk and Safety Committee.    The Strategy, Risk and Safety Committee reviews our corporate finance programs, proposed investments and acquisitions, our strategic plans, strategic initiatives, and the Company's overall policies regarding risk assessment, risk management and safety programs. Our Strategy, Risk and Safety Committee held three meetings during fiscal year 2015.

Corporate Governance Guidelines

Our Board of Directors has adopted the Corporate Governance Guidelines, which set forth several important principles regarding our Board of Directors and its committees, including Board of Director membership criteria as well as other matters. Our Corporate Governance Guidelines are available for viewing on the "Corporate Governance" area of the "Investors" section of our Web site at www.aecom.com.

Codes of Conduct and Ethics

We have adopted a Code of Conduct that describes the professional, legal, ethical, financial and social responsibilities of all of our directors, officers and employees. We require all of our directors, officers and employees to read and acknowledge the Code of Conduct, and we provide regular compliance training to all our directors, officers and employees. Our directors, officers and employees are also encouraged to report suspected violations of the Code of Conduct through various means, including a toll-free hotline available 24/7 in multiple languages, and they may do so anonymously. We also obtain year-end certifications from management personnel confirming compliance with the Code of Conduct. If we make substantive amendments to the Code of Conduct or grant any waiver, including any implicit waiver, to our principal executive, financial or accounting officer or persons performing similar functions or any director, we will disclose the nature of such amendment or waiver in a press release, on our Web site and/or in a report on Form 8-K in accordance with applicable rules and regulations. We also have a Global Ethical Business Conduct Policy that provides specific guidance to help ensure that lawful and ethical business practices are followed while conducting international business activities. Our Code of Conduct and Global Ethical Business Conduct Policy are available for viewing on the "Corporate Governance" area of the "Investors" section of our Web site at www.aecom.com and in print to any stockholder that requests it. Any such request should be addressed to AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary.

Communications with the Board of Directors

Our stockholders or other interested parties may communicate with our Board of Directors, a committee of our Board of Directors or one or more directors by sending a letter addressed to the Board of Directors, a committee of our Board of Directors or one or more directors to AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary. All communications will be compiled by our Corporate Secretary and forwarded to the Board of Directors, the committee or the director, as appropriate.

26


Table of Contents

Director Nominations

The Nominating and Governance Committee of our Board of Directors is charged with identifying, reviewing and recommending to the Board of Directors qualified individuals to become directors and regularly assessing the size and composition of the Board of Directors and recommending any changes to the Board of Directors.

It is our belief that members of the Board of Directors should have the highest professional and personal ethics and values. The Board's Nominating and Governance Committee periodically reviews the appropriate skills and characteristics required of members of the Board of Directors in the context of the current composition of the Board of Directors, the operating requirements of the Company and the long-term interests of stockholders. We believe that the Board of Directors should be comprised of individuals who are committed to enhancing stockholder value with sufficient time to effectively carry out their duties. While all directors should possess business acumen, the Board of Directors endeavors to include an array of targeted skills and experience in its overall composition. Criteria that the Nominating and Governance Committee looks for in director candidates include business experience and skills, judgment, integrity, an understanding of such areas as finance, marketing, regulation, end markets and public policy and the absence of potential conflicts with the Company's interests. The Nominating and Governance Committee believes that it is essential that Board members represent diverse viewpoints and backgrounds.

Our Nominating and Governance Committee will consider stockholder nominations for directors. The Nominating and Governance Committee evaluates any such nominees that are properly submitted using the same criteria it otherwise employs, as described above. Any recommendation submitted by a stockholder must include the same information concerning the potential candidate as is required when a stockholder wishes to nominate a candidate directly. In addition, any such recommendation must be received in the same time frame as is required by our Bylaws when a stockholder wishes to nominate a candidate directly. To be timely, the notice must be received no fewer than 90 and no more than 120 days prior to the date of the first anniversary of the preceding year's annual meeting of stockholders. However, in the event that the date of the annual meeting is advanced more than 30 days prior to such anniversary date or delayed more than 30 days after such anniversary date, notice by the stockholder to be timely must be received no more than 120 days prior to the date of the annual meeting and not less than the later of the close of business (a) 90 days prior to the date of the annual meeting and (b) the 10th day following the day on which public announcement of the date of such meeting was first made by the Company.

To be in proper form, the notice must, as to each person whom the stockholder proposes to nominate for election or re-election as a director, set forth all information concerning such person as would be required in a Proxy Statement soliciting proxies for the election of directors in a contested election pursuant to Section 14 of the Exchange Act (including such person's signed written consent to being named in the Proxy Statement as a nominee and to serve as a director of the Company, if elected) and a description of all direct and indirect compensation and other material monetary agreements, arrangements and understandings during the past three years between or among such stockholder and beneficial owner, if any, on whose behalf the nomination is being made, and their respective affiliates and associates, or others acting in concert therewith, on the one hand, and each proposed nominee, and his or her respective affiliates and associates, or others acting in concert therewith, on the other hand. In addition, as to the stockholder giving the notice and the beneficial owner, if any, on whose behalf the nomination is being made, the notice must also state the name and address, as they appear on the Company's books, of such stockholder and such beneficial owner, the class and number of shares of the Company that are owned of record and beneficially by such stockholder and such beneficial owner, a description of any agreement, arrangement or understanding with respect to the nomination between such stockholder or beneficial owner and any other person, including, without limitation, any agreements that would be required to be disclosed pursuant to Item 5 or Item 6 of Schedule 13D (regardless of whether the requirement to file a Schedule 13D is applicable to the stockholder or beneficial owner) of the Exchange Act, and a description of any agreement, arrangement or understanding (including any derivative or short positions, profit interests, options, hedging transactions, and borrowed or loaned shares) that has been entered into as of the date of the stockholder's notice by, or on behalf of, such stockholder or beneficial owner, the effect or intent of which is to mitigate loss, manage risk or benefit from changes in the share price of any class of the Company's capital stock, or maintain, increase or decrease the voting power of the stockholder or beneficial owner with respect to shares of stock of the Company. Stockholders who wish to nominate candidates for director must do so pursuant to these procedures.

27


Table of Contents

Director Attendance at Annual Meetings

AECOM's policy is for directors to attend our annual meetings of stockholders unless there are extenuating circumstances. All of the then members of our Board of Directors attended the 2015 Annual Meeting of Stockholders.

Director Compensation

Information regarding the compensation of our non-employee directors is discussed below in "Compensation of Executive Officers and Other Information — Directors' Compensation for Fiscal Year 2015."

Director Retirement Policy

Our Board of Directors has adopted a director retirement policy, which provides that, unless otherwise recommended by the Nominating and Governance Committee and approved by the Board of Directors, directors are expected to retire from the Board of Directors at the end of the term of service during which they turn 72 years of age. In accordance with our director retirement policy, Dr. Ouchi and Mr. Rutledge, current Class I directors, will not stand for re-election at the 2016 Annual Meeting and will retire effective upon the election of the Class I directors at the 2016 Annual Meeting.

Related Party Transaction Policy

We have adopted a written related party transaction policy, which covers transactions in excess of $100,000 between the Company and our directors, executive officers, 5% or greater stockholders and parties related to the foregoing, such as immediate family members and entities they control. The policy requires that any such transaction be considered and approved by our Audit Committee. In reviewing such transactions, the policy requires the Audit Committee to consider all of the relevant facts and circumstances available to the Audit Committee, including (if applicable) but not limited to the benefits to the Company, the availability of other sources for comparable products or services, the terms of the transaction and the terms available to unrelated third parties or employees generally.

Under the policy, if we should discover related party transactions that have not been approved, the Audit Committee will be notified and will determine the appropriate action, including ratification, rescission or amendment of the transaction.

Certain Relationships and Related Transactions

Mr. Daniel R. Tishman, Vice Chairman of the Company and a member of our Board of Directors, owns a substantial equity interest in, and has certain management rights with respect to, Tishman Hotel & Realty LP, a Delaware limited partnership ("THR"), which is party to a Shared Services Agreement ("Services Agreement" or "SSA"), dated July 14, 2010, with our wholly owned subsidiary, Tishman Construction Corporation ("TCC"). Pursuant to the Services Agreement, which was entered into in connection with our acquisition of TCC in July 2010, TCC provides THR and certain affiliates certain services, such as information technology support, in exchange for fees based on an annual budget. The initial term of the Services Agreement expired on July 14, 2015, and is renewable annually. In fiscal year 2015, TCC received approximately $60,000 in fees from THR pursuant to the Services Agreement. THR and TCC are also parties to an Occupancy Agreement, dated July 14, 2010, (the "Occupancy Agreement") pursuant to which THR pays to TCC a portion of the rent payable by TCC for its office space in a building located in New York City in exchange for the right to use and occupy a portion of such space. THR may terminate the Occupancy Agreement at any time on 30 days' notice to TCC. In fiscal year 2015, TCC received approximately $1,492,000 in rent from THR pursuant to the Occupancy Agreement.

28


Table of Contents

Stock Ownership Guidelines for Non-Employee Directors

Non-employee directors are subject to stock ownership guidelines, which are intended to align their interests with those of our stockholders. Under the guidelines, our non-employee directors must maintain ownership of AECOM stock at a multiple of five times the annual retainer by the end of the fiscal year following the fifth anniversary of the director's initial appointment to the Board. The minimum number of shares guideline is updated annually based on the current retainer ($100,000 since August 21, 2014) and the 12-month trailing average AECOM stock price. Shares owned directly or indirectly, the value of vested but unexercised stock options and unvested Restricted Stock Units and PEPS are counted toward the guidelines. The following table outlines the ownership of our non-employee directors as of September 30, 2015:

Non-Employee Director
  Retainer Multiple
 

John M. Dionisio

  218.4  

James H. Fordyce

  40.6  

Senator William H. Frist

  10.0  

Linda Griego

  8.2  

David W. Joos

  6.6  

Dr. William G. Ouchi

  20.7  

Dr. Robert J. Routs

  4.9  

William P. Rutledge

  13.3  

Clarence T. Schmitz

  4.4  

Douglas W. Stotlar

  10.8  

General Janet C. Wolfenbarger, USAF Retired

  1.0  

All of our non-employee directors exceeded the stock ownership guidelines, with the exception of Dr. Routs, Mr. Schmitz and General Wolfenbarger, for whom compliance with the guidelines is not required until September 30, 2016, September 30, 2019, and September 30, 2020, respectively, the end of the fiscal year following the five-year anniversary of when each became a director.

Please see the Compensation Discussion and Analysis section for a discussion of the executive stock ownership guidelines applicable to our Named Executive Officers.

29


Table of Contents

EXECUTIVE OFFICERS

AECOM's current executive officers are as follows:

 
  Name
   
  Age*
   
  Position(s) Held
   

 

 

Michael S. Burke

      52       Chairman of the Board, Chief Executive Officer    

 

 

Carla J. Christofferson

      48       Executive Vice President, General Counsel    

 

 

Michael J. Donnelly

      54       Group President, Enterprise Growth Solutions    

 

 

Mary E. Finch

      46       Executive Vice President, Chief Human Resources Officer    

 

 

Stephen M. Kadenacy

      47       President**    

 

 

Daniel P. McQuade

      56       Group President, Construction Services    

 

 

W. Troy Rudd

      51       Executive Vice President, Chief Financial Officer    

 

 

Daniel R. Tishman

      60       Director, Vice Chairman    

 

 

Frederick W. Werner

      62       Group President, Design and Consulting Services    

 

 

Randall A. Wotring

      59       Group President, Management Services    

*
As of January 4, 2016.
**
Served as Chief Financial Officer until October 2015.

The following section sets forth certain background information regarding those persons currently serving as executive officers of AECOM:

Michael S. Burke was appointed Chief Executive Officer of the Company and was elected to the Board of Directors in March 2014. In March 2015, Mr. Burke was appointed Chairman of the Board (see also the section entitled "Corporate Governance — Board Leadership Structure"). Mr. Burke previously served as President of the Company from October 2011 to March 2014, Chief Financial Officer from December 2006 to September 2011 and Executive Vice President from May 2006 to September 2011. He also served as Chief Corporate Officer from May 2006 to January 2009. Mr. Burke joined AECOM as Senior Vice President, Corporate Strategy, in October 2005. From 1990 to 2005, Mr. Burke was with the accounting firm KPMG LLP. He served in various senior leadership positions, including as a Western Area Managing Partner from 2002 to 2005 and as a member of KPMG's Board of Directors from 2000 through 2005. While on the KPMG Board of Directors, Mr. Burke served as the Chairman of the Board Process and Governance Committee and as a member of the Audit and Finance Committee. Mr. Burke serves on the Board of Directors of Rentech Inc. and is the Chairman of its Audit Committee. Additionally, he serves on the Board of Directors of Rentech Nitrogen Partners LP and as the Chairman of its Audit Committee. Mr. Burke also serves on various charitable and community boards.

Carla J. Christofferson was appointed Executive Vice President and General Counsel of AECOM in March 2015. Prior to joining AECOM, Ms. Christofferson was Managing Partner at O'Melveny & Myers LLP in Los Angeles, a position she held since 2008. During her 22-year tenure at the firm, she represented clients in a number of industries, including power, energy and oil & gas. Ms. Christofferson began her career as a judicial clerk for the Honorable W. Matthew Byrne, Jr., of the U.S. District Court, Central District of Los Angeles. She was also co-owner of the Los Angeles Sparks Women's National Basketball Association team.

Michael J. Donnelly was appointed Group President, Enterprise Growth Solutions in October 2014. He previously served as Group Chief Executive, Global Support Services, from January 2012 to September 2014 and as President, AECOM Government Services, from October 2010 to December 2011. Mr. Donnelly joined AECOM in 2008 as Government Services Senior Vice President of Business Development. Prior to joining AECOM, he spent 25 years within business development, holding senior management positions at Raytheon Technical Services Company, EG&G, Lear Siegler Services and URS.

Mary E. Finch was appointed Executive Vice President and Chief Human Resources Officer in August 2015. Prior to joining AECOM, she spent 14 years at Accenture, where she held positions of increasing responsibility,

30


Table of Contents

and most recently was the Senior Managing Director and Chief Operating Officer for Global Human Resources. Prior to joining Accenture, she held roles of progressive responsibility with Abilizer Solutions and Accenture legacy firm, Andersen Consulting.

Stephen M. Kadenacy was appointed President in October 2014 and served as Chief Financial Officer from October 2011 until October 2015. From May 2008 to September 2011, he served as Senior Vice President, Corporate Finance. Prior to joining AECOM, Mr. Kadenacy was with the accounting firm KPMG LLP in San Francisco since 1996. Mr. Kadenacy previously served on the Board of Directors and Audit Committee of ABM Industries Inc.

Daniel P. McQuade was appointed Group President, Construction Services in June 2015 and was previously Group President, Building Construction as of October 2014. He previously served as Chief Executive of the Company's legacy construction services practice from May 2012 to October 2014. From July 2010 to May 2012, he was Chief Operating Officer of the firm's construction services practice for the United States. Prior to joining AECOM in July 2010 as part of the Tishman Construction Corporation acquisition, he served as President of Tishman from October 2005 to June 2010. Mr. McQuade is a member of the Cornell University Civil Engineering School's Advisory Board and has professional affiliations with the Construction Industry Round Table and the Construction Management Association of America.

W. Troy Rudd was appointed Executive Vice President and Chief Financial Officer in October 2015. He previously served as Chief Operating Officer, Design Consulting Services (DCS) Americas and Chief Financial Officer, DCS Global from November 2014 to October 2015. He also served as Senior Vice President, Corporate Finance and Treasurer from 2012 until October 2015. Mr. Rudd joined AECOM in 2009 as Vice President, Financial Planning and Analysis. Prior to joining AECOM, he spent 10 years as a partner with KPMG LLP, where he held leadership roles.

Daniel R. Tishman was appointed to our Board of Directors and as Vice Chairman of the Company in July 2010 in connection with our acquisition of Tishman Construction Corporation. He has also served as Chairman of the Board of Directors and Chief Executive Officer of Tishman Construction Corporation, a leading construction management firm, since 2000. He is also Vice Chairman and a member of the Board of Tishman Hotel & Realty LP. Mr. Tishman serves on the Boards of the Real Estate Board of New York, the Natural Resources Defense Council, the Albert Einstein College of Medicine, the National September 11 Memorial & Museum and the UJA-Federation of NY. He also serves as an adviser to several government organizations.

Frederick W. Werner was appointed Group President, Design and Consulting Services, in October 2014. He previously served as President, Europe, Middle East and Africa, since October 2012. Prior to that time, Mr. Werner had served as President, Corporate Development, since October 2011 and Executive Vice President, Business Lines, from January 2009 to September 2011. He also served as Group Chief Executive of our U.S. Group from January 2008 to January 2009 and as Group Chief Executive of our U.S. Infrastructure Group from 2005 to 2008. Prior to that time, Mr. Werner served as President and Chief Operating Officer of AECOM's legacy DMJM+Harris operation from 2003 to 2005. He began his DMJM+Harris career in the Geotechnical Division in 1977, progressing to Vice President and Manager of New Jersey Operations, Senior Vice President and Manager of New York Operations and, finally, to Chief Operating Officer before becoming President.

Randall A. Wotring was appointed Group President, Management Services, in October 2014. Previously, Mr. Wotring served as President of URS' Federal Services business since November 2004. After joining an affiliate of URS in 1981, Mr. Wotring held various leadership positions, including managing the day-to-day operations of the Engineering and Technical Services Group within the URS Federal Services business. He also served as a member of the URS Management Committee and Risk Management Committee. Mr. Wotring currently serves on the Board of Directors of TimkenSteel.

31


Table of Contents

COMPENSATION OF EXECUTIVE OFFICERS
AND OTHER INFORMATION
COMPENSATION DISCUSSION AND ANALYSIS
(CD&A)

Executive Summary

AECOM's historical financial performance and capital allocation priorities underscore the Company's commitment to long-term growth and stockholder value creation. As such, a combination of acquisitions, debt reduction, and share repurchases have been deployed at different points of the business cycle to optimize returns, drive stockholder value, and position for global growth trends such as the urbanization of developing and emerging markets and a greater client emphasis on integrated delivery procurement. The Company's executive compensation plans are driven by short- and long- term financial performance metrics designed to reflect these commitments to growth and stockholder value creation over time.

In fiscal year 2015, the Company delivered 14% adjusted earnings per share1 growth (a metric used for purposes of the Company's incentive compensation programs) and continued to execute on its capital allocation strategy with significant debt reduction of $721 million after completing the URS acquisition. The Company also grew significantly, with its revenue and headcount doubling over fiscal year 2014 levels. The Company continued its expansion into international markets with growth in Europe, the Middle East, Africa and Asia while delivering strong construction services wins and accelerating construction services revenue growth. In addition, the Company progressed its design, build, finance and operate model and is pursuing international growth of its management services capabilities.

Furthermore, AECOM completed its acquisition of URS Corporation, further diversifying and broadening its market presence and its service offerings to clients by adding strong sector expertise in important end markets, including oil & gas, power and government services, as well as by bolstering our construction capabilities. The combination with URS differentiates AECOM in the market with the ability to design, build, finance and operate infrastructure across the globe with more than 92,000 employees operating across all seven continents and in more than 150 countries. The Company also successfully integrated the URS business into AECOM and realized $110 million in cost benefits while setting long-term strategic growth priorities.

   


1
In this CD&A, adjusted earnings per share is defined as attributable to AECOM, excluding acquisition and integration related expenses, financing charges in interest expense, and the amortization of intangible assets; see Annex A, Reconciliation of Non-GAAP Items.

32


Table of Contents

The graphs below illustrate the Company's solid performance for fiscal year 2015:

GRAPHIC


1
In this CD&A, the 2015 adjusted earnings per share is defined as attributable to AECOM, excluding acquisition-and integration-related expenses, financing charges in interest expense and the amortization of intangible assets and is a non-GAAP measure. See Annex A, Reconciliation of Non-GAAP Items.
2
Free cash flow is defined as cash flow from operations less capital expenditures net of proceeds from disposals and is a non-GAAP measure. See Annex A, Reconciliation of Non-GAAP Items.
3
Backlog is defined as future awarded or contracted gross revenue.

AECOM's Pay Philosophy

The purpose of AECOM's executive compensation program is to recognize and reward outstanding achievement, as well as attract, motivate, reward and retain executives in a competitive talent market. In doing so, it is also the Company's intention to align its executives' interests with those of its stockholders.

The Committee's approach to compensation for executives is directly linked to the Company's business focus on growth and improved returns, as well as rewarding performance. Specifically, AECOM's compensation philosophy is composed of the following elements:

33


Table of Contents

Pay and Performance Alignment

At AECOM, our executive compensation program aligns our NEOs' interests with those of our stockholders by establishing performance conditions on a majority of our NEOs' annual and long-term compensation. In addition, the Company grants equity awards with the intention that our NEOs' compensation rises and falls with stockholder value. The table below outlines the Company's pay-for-performance program for fiscal year 2015:

 
  Short-Term and Long-Term Incentive Program




 


Short-Term Incentive (STI) Program




Long-Term Incentive (LTI) Program


 

The STI program has a target performance formula that links financial results and strategic measures of individual key contributions to Company performance.

70% of the program is based on pre-established financial goals that require a high level of a performance.

The remaining 30% is based on key performance indicators (KPIs) around the areas of people, clients, growth, innovation and excellence.

Payment may range from 0% to 200% of target based on actual performance.

The LTI program has a compensation mix composed of:

60% performance units under the Performance Earnings Program (PEP)

40% Restricted Stock Units (RSUs)

The PEP awards are structured with earnings and cash flow metrics.

The pre-established goals require a high level of financial performance to be achieved over a two-year performance period. Payouts at the end of the three-year vesting period may range from 0% to 200%.

  Performance Assessment: The Committee takes into account a broad array of factors in establishing the incentive opportunities for each executive, including the financial performance of the Company, an individual's performance against their pre-defined goals, peer company market data and the experience level of the individuals in their current positions.  

34


Table of Contents

Compensation Practices

The table below outlines the Company's pay-for-performance program and strong governance practices employed with the intention of best serving stockholders over the long term:

         

 

 
AECOM's Executive Compensation Practices
    Performance-Based Compensation — The majority of our Named Executive Officers' (NEOs') total annual compensation, excluding one-time equity awards, is performance-based.    
    Pay-for-Performance Per Share — Links executive pay-for-performance to stockholder interests using earnings per share and cash flow as key incentive plan metrics. AECOM evaluates these metrics on a per-share basis to help ensure alignment with our stockholders' interests.    
    Stockholder Communications — Communicates with institutional stockholders throughout the year about performance.    
    Stock Ownership Guidelines — NEOs are subject to ownership guidelines that require them to maintain a significant equity stake in the Company. The CEO ownership guideline is six times base salary and the guideline for other NEOs is three times base salary.    
    Independent Consultant — Compensation Committee utilizes the services of an independent compensation consultant who does not provide any other services to the Company.    
    Tally Sheets — Compensation Committee uses tally sheets in assessing executive total compensation.    
    Clawback Policy — Maintains a clawback policy for all incentive-based compensation.    
    Change in Control Severance Policy — This Policy provides severance benefits, including accelerated vesting of any equity awards, only if there is a change in control and an eligible termination of employment ("double trigger" for both cash and equity).    
    Risk Assessment — Compensation Committee's compensation consultant performs an independent risk assessment of compensation programs.    
    Say-on-Pay Vote — Has a policy to hold an advisory vote on executive compensation on an annual basis.    
    Competitive Analysis — Compensation Committee annually seeks to understand labor market trends pertaining to amount and form of executive pay delivery through comprehensive competitive analyses.    

         

 

 
AECOM Does Not Employ
    Stock Option Repricing — Does not re-price underwater stock options.    
    Single Trigger Equity Acceleration — Does not maintain plans or agreements that provide for single-trigger equity acceleration or severance payments in connection with a change in control (meaning that the acceleration or severance would occur automatically upon the occurrence of the change in control, even if the awards were otherwise to be assumed or continued or the individual's employment was to be continued on the same terms).    
    Tax Gross-Ups — Does not provide tax gross-ups on change in control severance benefits to NEOs.    
    Hedging and Pledging — Prohibits hedging transactions involving Company securities by NEOs and does not allow trading in puts, calls, options or other similar transactions involving Company securities by NEOs. Also, prohibits the pledging of Company securities by NEOs except in certain limited circumstances subject to Company approval and demonstration of the NEO's ability to repay the applicable loan without selling such securities.    

35


Table of Contents

CEO Pay at a Glance

The Committee determined that the appropriate annual Total Direct Compensation ("TDC," comprising base salary, STI and LTI for the particular year) for Mr. Burke was $13.2 million for fiscal year 2015 in recognition of the organizational and operational actions Mr. Burke took to effectively navigate a challenging market environment involving a slowing Chinese economy, declining energy prices, uncertain infrastructure funding, global geopolitical instability and fluctuating currency rates, while also managing the URS acquisition and integration.

Additionally, the Committee granted a one-time, $5-million performance recognition award for Mr. Burke's extraordinary performance completing the largest transaction in our industry's history with the transformative $5.2-billion acquisition of URS Corporation. This performance recognition award is designed with a back-loaded, 5-year vesting period that aligns Mr. Burke's retention with achievement of the Company's long-term strategic objectives.

Highlights of Mr. Burke's 2015 achievements included:

The Committee believes that Mr. Burke's TDC for fiscal year 2015, as well as his special performance recognition award, are appropriate in light of these accomplishments and consistent with the doubling of the Company's revenue and headcount in fiscal year 2015.

The chart below shows the components of Mr. Burke's TDC for fiscal year 2015:

Michael S. Burke Total Direct Compensation ($Mils.)*

GRAPHIC


*
Total Direct Compensation does not include all other compensation as reported in the Summary Compensation Table below.

36


Table of Contents

FISCAL YEAR 2015 NEO TOTAL DIRECT COMPENSATION (TDC) DECISIONS

                             

Overview of Fiscal Year-End 2015 Total Direct Compensation



 
 

 Incentive Type




 

Pay Element




 

What It Does




 

How It Links to Performance



Fixed

CHART

9 - 32% of TDC







 

Base Salary

 
 

Provides a competitive salary relative to the NEO's position and experience compared to similar positions at AECOM's peers.

     

Job scope, level of responsibilities, experience, tenure and market pay.

Performance in the role and growth of the Company.

   

Variable

CHART

68 - 91% of TDC







 

STI Compensation

 
 

Encourages focus on achievement of the Company's annual financial plan, as well as the specific qualitative goals included in the Company's strategic plan.

     

Financial metrics, e.g. adjusted EPS and operating cash flow per share (70% weighting). Metrics vary by individual based on responsibilities.

Individual contribution goals based on objective performance metrics that also allow the Committee to use judgment in considering quantitative and qualitative performance factors (30% weighting).

Range of annual incentive target as a percent of base salary is 100% to 150%.

Payment may range from 0% to 200% of target based on actual performance.

   
 

 

 

LTI Compensation – PEP Award

 
 

Rewards achievement of performance related to the Company's long-term objectives.

     

60% of LTI awarded as performance units under the PEP2015.

Three-year vesting period with two one-year performance periods. Performance criteria are adjusted EPS and free cash flow per share, each with a 50% weighting in determining overall payout.

Payouts may range from 0% to 200% of target based on actual performance achieved over the performance period.

   
 

 

 


 

LTI Compensation – RSU Award

 


 

 

 

 

 

40% of LTI awarded as RSUs that will convert to an equivalent number of AECOM shares of common stock, as long as the individual remains an AECOM employee through the three-year vesting date.

 

 

37


Table of Contents

Michael S. Burke, Chief Executive Officer

The table below provides more detail regarding the structure of Mr. Burke's fiscal year 2015 compensation:


CEO TDC (Michael S. Burke)


 


 


 


 


 


($mils.)
2015

Base Salary
Mr. Burke's salary increased to compensate for his expanded scope of responsibilities resulting from his election to Chairman of the Board of AECOM and overseeing a company that has doubled in size since the previous year.
  $1.2
STI Award   $3.0
For fiscal year 2015, Mr. Burke's bonus target was 150% of base salary.    
The financial performance metrics, performance targets and the Company's actual performance for fiscal year 2015 were as follows:    
Financial Performance Metric Weight Target Actual Earned
Percentage
   
Adjusted Earnings Per Share 35% $3.00 - $3.10 $3.08 100%    
Operating Cash Flow Per Share 35% $3.83 - $3.93 $5.05 200%    

With respect to the qualitative component of the STI award, the Committee took into account Mr. Burke's fiscal year 2015 accomplishments, the highlights of which include:

Led the transformational acquisition and integration of URS, the largest acquisition in the industry's history, which doubled the size of the Company;

Realized $110 million in synergy savings from the URS acquisition, and increased the total synergy savings target from $250 million to $325 million;

Drove 76% growth in adjusted net income, attributable to AECOM, and 14% adjusted EPS growth;

Delivered 133% growth in free cash flow and 52% free cash flow growth per share;

Achieved $18.7 billion in new wins;

Reduced $721 million of debt since closing the URS deal on October 17, 2014;

Expanded construction services and management services to new geographies;

Continued execution of integrated delivery strategy; and

Implemented key strategic enablers.

 
 
LTI Award
The Committee believed that Mr. Burke's LTI award for fiscal year 2015 was commensurate with his larger role in the Company as the Chairman of the Board and his increased scope of responsibility overseeing the Company, which doubled in revenue and employees when it acquired URS Corporation. This equity grant was divided into a target amount of 166,616 PEP performance units (60% of total grant value) and 111,077 RSUs (40% of total grant value).

The PEP performance units have a three-year vesting period with two one-year performance periods. Performance criteria are adjusted EPS and free cash flow per share, each with a 50% weighting in determining overall payout criteria.

Payouts may range from 0% to 200% of target based on actual performance achieved over the performance period.

  $9.0
Sub-Total (Annual Compensation)   $13.2
Performance Recognition Award

Based on Mr. Burke's extraordinary performance orchestrating and finalizing the strategic $5.2-billion acquisition and integration of URS Corporation, Mr. Burke was granted a one-time, special recognition restricted stock unit award with an aggregate grant date fair value of $5 million.

This one-time award will vest, in equal installments, in November 2017, November 2018 and November 2019. The Committee established a back-loaded, 5-year vesting period to help ensure retention throughout the critical acquisition integration period and to align the vesting with long-term value creation.

  $5.0
Total*   $18.2

*
TDC does not include the change in pension value or all other compensation reported in the Summary Compensation Table.

38


Table of Contents

The chart below shows that 64% of Mr. Burke's fiscal year 2015 annual compensation is performance based:


Fiscal Year 2015 Annual Compensation Mix for Michael S. Burke*

CHART


*
Annual compensation for Mr. Burke excludes all other compensation as reported in the Summary Compensation Table and the one-time performance recognition award.

In regards to Mr. Burke's fiscal year 2015 total compensation, we consider his Performance Recognition Award to be performance-based because it was granted based on the results of the acquisition and integration of URS and Mr. Burke's extraordinary performance to help achieve those results. As such, 73% of Mr. Burke's fiscal year 2015 total compensation may be considered performance-based.

Other Named Executive Officers (NEOs)

For each of the other NEOs, the table below provides fiscal year 2015 annual compensation:

                                         
    (in millions)
  S.M. Kadenacy
  R.A. Wotring
  G.L. Nash
  F.W. Werner
                     
    Base Salary     $0.66     $0.68     $0.62     $0.64  
                     
    STI Target     100%     100%     100%     100%  
                     
    STI Actual*     $1.11     $1.50     $0.03     $0.50  
                     
    LTI     $3.15     $1.30     $1.30     $2.00  
                     
    Total**     $4.92     $3.48     $1.95     $3.14  

*
The Company does not disclose financial information for business segments.
**
Total excludes change in pension value and non-qualified deferred compensation earnings and all other compensation as reported in the Summary Compensation Table and the one-time retention LTI awards for Messrs. Nash and Wotring.

Our CEO makes recommendations to the Committee regarding the compensation of other NEOs. The CEO does not make a recommendation as to his own compensation. The following information provides highlights of specific individual and business performance criteria considered in the pay recommendations, in particular, annual bonuses for the other NEOs. The Committee also considers overall performance of the Company when approving pay decisions for other NEOs.

Stephen M. Kadenacy, President and Chief Financial Officer

Mr. Kadenacy was appointed President in October 2014 and served as Chief Financial Officer (CFO) from October 2011 until October 2015. In fiscal year 2015, Mr. Kadenacy was responsible for the Company's global

39


Table of Contents

financial and corporate organization and representing AECOM to investors and lenders. As such, his 2015 short-term incentive financial metrics focused on enterprise-wide performance in fiscal year 2015 which were as follows:

                                         
    Performance Metric
  Weighting
  Target
  Actual
  Earned
Percentage


                     
    Adjusted Earnings Per Share     35%     $3.00 - $3.10     $3.08     100%  
                     
    Operating Cash Flow Per Share     35%     $3.83 - $3.93     $5.05     200%  

With respect to the qualitative component of the STI award, the Committee took into account Mr. Kadenacy's fiscal year 2015 accomplishments, the highlights of which include:

Effective October 5, 2015, Mr. W. Troy Rudd was appointed as CFO. Mr. Kadenacy has retained his role as President.

Randall A. Wotring, Group President, Management Services

Mr. Wotring was appointed Group President, Management Services ("MS") in October 2014. Mr. Wotring is responsible for leading the Company's MS operations and, as such, his 2015 short-term incentive financial metrics are based on the financial performance of MS. Specifically, for fiscal year 2015, Mr. Wotring's short-term incentive financial metrics (70% weighting) were MS pre-variable compensation earnings before interest, taxes and appreciation (EBITA) and MS operating cash flow (equally weighted), for which Mr. Wotring earned 120.5% and 200.0% respectively. Furthermore, with respect to the qualitative component of the STI award and his $120,000 supplemental bonus, as disclosed in the Summary Compensation Table, the Committee considered MS' exceptional financial performance indicated by, but not limited to, actual pre-variable compensation EBITA exceeding target by 8.2% and operating cash flow exceeding target by 126.6%.

George Nash, Jr., President, Energy, Infrastructure and Industrial Construction

Mr. Nash was appointed President, Energy, Infrastructure and Industrial Construction ("EIC") in October 2014. Mr. Nash was responsible for leading the Company's EIC operations and, as such, his 2015 short-term incentive financial metrics are based on the financial performance of EIC. Specifically, for fiscal year 2015, Mr. Nash's short-term incentive financial metrics (70% weighting) were EIC pre-variable compensation EBITA and EIC operating cash flow (equally weighted) for which Mr. Nash earned 0% and 14.1% respectively. Mr. Nash's employment with the Company ended in October 2015.

40


Table of Contents

Frederick W. Werner, Group President, Design and Consulting Services

Mr. Werner was appointed Group President, Design and Consulting Services ("DCS") in October 2014. Mr. Werner is responsible for leading the Company's DCS operations in all geographies and, as such, his 2015 short-term incentive financial metrics are based on the financial performance of overall DCS. Specifically, for fiscal year 2015, Mr. Werner's short-term incentive financial metrics (70% weighting) were DCS pre-variable compensation EBITA and DCS operating cash flow (equally weighted), for both of which Mr. Werner earned 0%. However, with respect to the qualitative component of the STI award and his discretionary bonus, as disclosed in the Summary Compensation Table, the Committee considered the double-digit revenue growth across Europe, the Middle East and Africa and the increase in total backlog across DCS. In addition, Mr. Werner provided invaluable leadership in managing the integration of the design and consulting segment of the URS Corporation, its largest business segment. The Committee also noted Mr. Werner's development of successors to lead the various geographies within DCS and achievement of exceptional safety performance. Lastly, the Committee recognized the overall strong financial success the Company achieved in fiscal year 2015.

Pay Mix Focuses on Performance

The chart below shows that the majority of the 2015 pay for our NEOs other than Mr. Burke is performance based, which is similar to last year.


Average Fiscal Year 2015 Annual Compensation Mix for Other Named Executive Officers*

CHART


*
LTI for Messrs. Nash and Wotring excludes one-time retention awards and, for Nash, a special performance award.

41


Table of Contents

PERFORMANCE EARNINGS PROGRAM

Fiscal Years 2013-2015 (PEP 2013)

AECOM's PEP2013 had two one-year performance periods that ended in fiscal year 2014. Performance was measured with a 50% emphasis on earnings per share (EPS) and a 50% emphasis on free cash flow (FCF) per share. Given AECOM's achievement of the PEP2013 goals as disclosed in our Proxy Statement for our 2015 Annual Meeting of Stockholders, NEOs received PEP2013 payouts in fiscal year 2015 at 113.3% of the target award amounts. Although the performance period for PEP2013 ended at the end of fiscal year 2014, continued employment through December 15, 2015, was required before the PEP2013 awards became vested.

Fiscal Years 2014-2016 (PEP 2014)

The second year of the two-year performance period for AECOM's PEP2014 closed at the end of fiscal year 2015. Performance was measured with a 50% emphasis on growth in EPS and a 50% emphasis on growth in FCF per share. Given AECOM's achievement of the PEP2014 goals, NEOs may receive payments from PEP2014 at 200% (200% in Year 1 and 200% in Year 2) of target award amounts. The following table illustrates the threshold, target, maximum and actual performance levels and associated payout schedule for PEP2014. Although the performance period for PEP2014 ended at the end of fiscal year 2015, continued employment through December 15, 2016, is required before the PEP2014 awards become vested.

Year 1 (Fiscal Year 2014)
  Threshold
  Target
  Maximum
  Actual*
 

EPS

  $2.18   $2.35–$2.42   $2.53   $2.53  

FCF Per Share

  $1.64   $1.77–$1.82   $1.90   $3.02  

 

Year 2 (Fiscal Year 2015)
  Threshold
  Target
  Maximum
  Actual*
 

EPS Growth

  -5.0%   2.0%–5.0%   10%   17.4%  

FCF Per Share Growth

  -5.0%   2.0%–5.0%   10%   141.8%  

Fiscal Years 2015-2017 (PEP 2015)

The first year of the two-year performance period for AECOM's PEP2015 closed at the end of fiscal year 2015. Performance was measured with a 50% emphasis on adjusted EPS and a 50% emphasis on FCF per share. Given AECOM's achievement of the PEP2015 goals, NEOs earned payments from the first year of PEP2015 at 150% of the target award amounts. The following table illustrates the threshold, target, maximum and actual performance levels and associated payout schedule for the first year of PEP2015. Although the first year of the performance period for PEP2015 ended at the end of fiscal year 2015, continued employment through December 15, 2017, is required before the PEP2015 awards become vested.

Year 1 (Fiscal Year 2015)
  Threshold
  Target
  Maximum
  Actual*
 

Adjusted EPS

  $2.75   $3.00–$3.10   $3.20   $3.08  

FCF Per Share

  $2.48   $2.70–$2.80   $2.89   $4.59  

*
See Annex A, Reconciliation of Non-GAAP Items.

42


Table of Contents

COMPENSATION GOVERNANCE, PROCESS AND DECISIONS

The Decision Makers

Under its charter, the Committee, which is composed solely of independent directors, has the sole authority to determine and approve compensation for AECOM's executive officers. The Committee is also responsible for reviewing the compensation for the members of the Company's Board of Directors and submits any modifications for approval by the Board of Directors.

Making Decisions

To implement the compensation philosophy, the Committee reviews compensation for the NEOs considering base salary, as well as STI and LTI compensation, with a focus on the total reward package. The Committee looks to AECOM's peer group of companies, as well as the broader market, as a baseline for compensation decisions for NEOs. However, AECOM does not target executive officer compensation at a specific level or percentage relative to compensation provided by the companies in the peer group or broader market, whether for TDC or any element of TDC. Instead, when determining compensation for executive officers, the Committee takes into account a broad array of factors, including the experience level of the individuals in their current positions, the overall financial and strategic performance of the Company during the year and the performance and contribution of each individual executive during the year relative to pre-defined goals and objectives for each individual. Differences in compensation levels for our NEOs are driven by the Committee's assessment, in its judgment, of each of our executive's responsibilities, experience and compensation levels for similar positions at peer companies. Except as otherwise noted in this CD&A, the Committee's executive compensation determinations are subjective and the result of the Committee's business judgment, which is informed by the experiences of the members of the Committee, the analysis and input from, and peer company data provided by, the Committee's independent executive compensation consultant and the Committee's assessment of overall compensation trends.

The Compensation Committee's Process

At the beginning of each fiscal year, the Committee:

At the end of each fiscal year, the Committee:

43


Table of Contents

With respect to LTI awards, the initial step in determining the awards is the Committee's determination of an overall pool for LTI awards. This determination is based on a recommendation from the CEO, which takes into account the size of previous pools relative to the growth in the Company's earnings and in eligible employees, the accounting expense, the number of shares that would be granted relative to AECOM common shares outstanding and the external competitiveness of individual awards.

The Committee considers market data, including comparable TDC for similar positions at peer companies, and the strategic importance of a position to determine the LTI value to be awarded to each NEO. In making these decisions, the Committee takes into account the impact of the awards to the NEOs on the remaining pool available for allocation to other executives. The dollar value awarded by the Committee to each NEO is then converted into a specific number of units, based on the fair market value of AECOM common stock on the date of grant. The grant date fair value of awards provided to each NEO for fiscal year 2015 can be found in the column labeled "Stock Awards" of the Summary Compensation Table.

Compensation Committee's Independent Compensation Consultant

The Committee has the authority to retain the services of outside consultants to assist it in performing its responsibilities. Since January 2010, the Committee has engaged the services of the consulting firm Exequity LLP. During fiscal year 2015, the consultant provided data on the compensation and relative performance of peer group companies as well as general industry data to the Committee, made presentations on regulatory and legislative matters affecting executive compensation, provided opinions on the degree to which compensation arrangements are consistent with market practices, and consulted on other compensation matters as needed. Exequity LLP does not provide any additional services to the Company.

The Committee has assessed the independence of Exequity LLP, considering the following six factors and other factors that it deemed relevant: (1) other services provided to the Company by Exequity LLP, (2) the amount of fees paid by the Company to Exequity LLP as a percentage of Exequity LLP's total revenue, (3) the policies or procedures maintained by Exequity LLP that are designed to prevent conflicts of interest, (4) any business or personal relationships between the individual employees of Exequity LLP involved in the engagement and a member of the Committee, (5) any Exequity LLP stock owned by Exequity LLP's employees involved in the engagement and (6) any business or personal relationships between our executive officers and Exequity LLP or the employees of Exequity LLP involved in the engagement. Following such assessment, the Committee concluded that Exequity LLP is independent and that Exequity LLP's work raises no conflicts of interest.

Assessing Competitive Practice

As part of its due diligence when making compensation decisions, the Committee examines pay data for a group of companies (the "Peer Group") to stay current with market pay practices and trends, and to understand the competitiveness of the Company's total compensation and its components of pay. Peer Group data is also supplemented with market survey data from the Aon Hewitt U.S. Total Compensation Executive survey. The Committee uses the Peer Group and market survey data for informational purposes. The Company does not target a specific percentile or make significant pay decisions based on market data alone. The Committee considers Company performance as well as the level of responsibility, experience and tenure of the individual and performance in the role.

For fiscal year 2014, AECOM's Peer Group consisted of 18 companies. Following the acquisition of URS, AECOM reviewed and updated its Peer Group to reflect its increased size and complexity. The Committee, when developing the new Peer Group, identified its competitors for talent and considered other various

44


Table of Contents

measures of size, scope and complexity, such as industry, sales, net income, market capitalization and enterprise value. In particular, the Committee focused on industry and revenue since these metrics primarily drive the compensation analysis in our industry to determine whether an executive is paid competitively.

The updated Peer Group used for fiscal year 2015 consists of the following 21 companies and includes not only engineering & construction companies, but also companies in other industries that the Committee considered to be of similar size, international presence and complexity:

Accenture Plc

 

Illinois Tool Works

Baker Hughes(1)

 

Jacobs Engineering Group

Chicago Bridge & Iron Company N.V.

 

KBR

Cognizant Technology Solutions

 

L-3 Communications Holdings

Computer Sciences(2)

 

Leidos Holdings

Cummins

 

Northrop Grumman

Danaher(3)

 

PACCAR

EMCOR Group

 

Parker-Hannifin

Fluor

 

Raytheon

General Dynamics

 

Xerox

Halliburton(1)

   

(1)
Halliburton and Baker Hughes agreed to merge. Due to the size of the "combined" company, AECOM will review whether it is appropriate to continue including the "combined" company from the Peer Group.

(2)
Computer Sciences Corp. completed its spin-off of CSRA Inc. in November 2015. AECOM will review whether it is appropriate to continue including Computer Sciences Corp. and/or CSRA Inc. in its Peer Group."

(3)
Danaher recently completed its acquisition of Pall Corporation and will split into two companies. AECOM will review whether it is appropriate to continue including Danaher in its Peer Group.

References in this Proxy Statement to AECOM's peers for fiscal year 2015 are to this updated Peer Group of 21 companies.

Performance Measures

AECOM uses specific measures to drive and reward performance:

While we report our financial results according to GAAP, the Committee concluded that for the purposes of our STI and LTI programs, fiscal year 2015 performance measures should exclude the impact of one-time URS acquisition-related charges, e.g. acquisition and integration expenses, amortization of intangible expenses and other one-time expenses. Please see Annex A of this Proxy Statement, Reconciliation of Non-GAAP Items, for more information.

Active Stockholder Engagement

The Committee understands the importance of stockholder feedback in the development of AECOM's executive compensation programs, including the annual stockholder advisory vote on executive compensation. AECOM actively seeks stockholder input as the Company periodically evaluates its compensation plans to further strengthen the link between pay and performance with the ultimate goal of creating long-term value for stockholders.

In fiscal year 2015, similar to in previous years, we contacted stockholders and provided feedback to the Board for consideration in evaluating alternatives to the current plan design. The Company continued its active dialogue with stockholders to discuss and better understand the reasons for their votes and to obtain their input

45


Table of Contents

on the Company's compensation programs. In response to these and prior fiscal year consultations with stockholders, the Committee utilized financial performance metrics for STI and LTI that are favored by stockholders; such as:

The Committee has continued to employ adjusted EPS in both plans based on positive stockholder feedback. Furthermore, when considering net income as an alternative, it was determined that the "per-share" basis provides a stronger linkage of executive pay-for-performance to stockholder interests. Lastly, employing both adjusted EPS and cash metrics balances the incentives to greater profitability and to cash generation that can drive stockholder value through our capital allocation priorities.

46


Table of Contents

OTHER PROGRAMS, POLICIES AND GUIDELINES

Stock Ownership Guidelines for Named Executive Officers

NEOs are subject to stock ownership guidelines, which helps to ensure that their interests are aligned with those of stockholders. Under the guidelines, AECOM's CEO is required to maintain ownership of AECOM stock at six times base salary and the other NEOs at three times base salary. The minimum number of shares required to meet the guideline is updated annually based on each executive's salary and the 12-month trailing average AECOM stock price. Shares owned directly and indirectly, unvested PEP units and other RSUs and vested stock options/shares are counted toward the guidelines. Executives have five full fiscal years, starting from the date an executive is first subject to the guidelines, to comply.

The following table outlines the stock ownership of AECOM's NEOs as of September 30, 2015.

Named Executive Officer
  Guideline —
Salary Multiple

  Actual —
Salary Multiple

Michael S. Burke

  6.0   22.1

Stephen M. Kadenacy

  3.0   10.2

Randall A. Wotring

  3.0     5.3

George Nash, Jr. 

  3.0     5.8

Frederick W. Werner

  3.0   14.1

Each of the NEOs level of AECOM stock ownership exceeded the applicable guideline levels as of that date.

Benefit, Retirement and Perquisite Programs

To protect the Company's executives' health and well-being, facilitate the operation of the business, assist in the retention of current executives and aid in the recruitment of new executives, AECOM's NEOs are eligible to participate in benefit plans that are available to a substantial amount of all employees, including participation in retirement plans, medical insurance, dental insurance, life insurance and disability insurance programs. Further, the Company offers certain additional benefits only to executive officers and other senior officers, where applicable, which consist of the following:

47


Table of Contents

Change in Control Provisions, Severance Benefits and Employment Agreements

Effective March 5, 2009, the Company adopted the "AECOM Technology Corporation Change in Control Severance Policy for Key Executives." The policy was created to provide severance benefits to key executives and to make certain that those executives would remain focused on stockholder interests in the event of a corporate transaction or in connection with a change in control of the Company.

The policy provides for the following benefits upon termination without Cause or for Good Reason following a Change in Control (as such terms are defined in the policy) ("double trigger" for cash and equity):

The policy does not provide a gross-up for excise or other taxes. Additional details can be found under the "Payments and Benefits upon Termination or Change in Control" section of this Proxy Statement.

The Company also maintains a severance policy for U.S. employees, including each of the NEOs. U.S. employees may be eligible for severance if their employment is terminated due to lack of work, restructuring or reorganization of a group, a reduction in force with no reasonable offer of an internal transfer, elimination of a job or position or voluntary acceptance of a Company-initiated retirement program. A release agreement must be signed in order to receive severance pay. Employees with a title of Vice President or above are eligible for 12 weeks of base pay regardless of years of service.The Company also entered into agreements with Messrs. Burke, Nash, and Wotring that provide certain severance benefits to them in the event of an involuntary termination that is not covered by the Change in Control Severance Policy. A summary of the key terms of

48


Table of Contents

these agreements, as well as additional details, can be found under the "Payments and Benefits upon Termination or Change in Control" section of this Proxy Statement.

Clawback Provisions

The Committee maintains a clawback policy pursuant to which, in the event of material noncompliance with any financial reporting requirement under the securities laws, the Company is authorized to recover a portion of the incentive awards paid to current or former executive officers during the three full fiscal years prior to the date of the covered event.

Hedging and Pledging

The Company's insider trading policy prohibits all directors, executive officers (as defined by Section 16 of the Exchange Act) and certain other employees designated as insiders from engaging in any hedging or monetization transactions, such as zero-cost collars and forward-sale contracts, involving Company securities. In addition, the policy prohibits buying shares on margin and the pledging of Company securities by NEOs except in certain limited circumstances subject to Company approval and demonstration of the NEO's ability to repay the applicable loan without selling such securities.

Tax Treatment

Section 162(m) of the Internal Revenue Code limits a company's federal tax deduction on compensation paid in excess of $1,000,000 per year to the CEO and the other NEOs other than the CFO. The IRS' limitation does not apply to compensation that qualifies as "performance based" under federal tax law. AECOM's policy is to structure compensation arrangements, to the extent practicable, with the Company's executive officers that are intended to be deductible under federal tax law, unless the benefit of such deductibility is outweighed by AECOM's corporate objectives. However, since corporate objectives may not always be consistent with the requirements for full deductibility and further given that the application of Section 162(m) is complex and may change with time (with potentially retroactive effect), AECOM may, when appropriate, enter into compensation arrangements under which payments may not be deductible under Section 162(m).

49


Table of Contents

REPORT OF THE COMPENSATION/ORGANIZATION
COMMITTEE OF THE BOARD OF DIRECTORS

The Compensation/Organization Committee has reviewed and discussed with management the Compensation Discussion and Analysis and, based on such review and discussions, recommended to the Board of Directors that the Compensation Discussion and Analysis be included in the Company's Annual Report on Form 10-K and this Proxy Statement.

    Respectfully submitted,

 

 

James H. Fordyce, Chairperson
Linda Griego
Dr. William G. Ouchi
Dr. Robert J. Routs
William P. Rutledge
Clarence T. Schmitz

50


Table of Contents

EXECUTIVE COMPENSATION TABLES

The following tables provide information regarding the compensation awarded to or earned during our fiscal year ended September 30, 2015, by our NEOs.

Summary Compensation Table for Fiscal Years Ended September 30, 2015, 2014 and 2013

Name and Principal Position
  Year
  Salary
(1)

  Bonus
  Stock
Awards
(2)

  Option
Awards
(3)

  Non-Equity
Incentive Plan
Compensation
(4)

  Change in
Pension
Value and
Non-Qualified
Deferred
Compensation
Earnings

  All Other
Compensation

  Total
 

Michael S. Burke

  2015   $1,153,858   $0   $14,000,050   $0   $2,970,000   $0   $489,283 (5) $18,613,191  

Chairman and

  2014   $950,567   $0   $5,100,080   $5,000,003   $2,531,177   $0   $121,526   $13,703,353  

CEO (PEO)

  2013   $818,761   $0   $3,600,043   $0   $1,293,188   $0   $105,974   $5,817,966  

Stephen M. Kadenacy

 
2015
 
$663,472
 
$0
 
$3,150,025
 
$0
 
$1,114,000
 
$0
 
$96,012

(6)

$5,023,509
 

President and

  2014   $630,804   $0   $1,400,018   $0   $1,125,072   $0   $49,217   $3,205,111  

Former CFO

  2013   $562,515   $0   $1,300,029   $0   $770,000   $0   $47,501   $2,680,045  

(PFO)

                                     

Randall A. Wotring

 
2015
 
$680,060
 
$120,000
 
$2,600,060
 
$0
 
$1,380,000
 
$0

(7)

$22,225

(8)

$4,802,345
 

Group President, Management Services

                                     

George Nash, Jr. 

 
2015
 
$615,723
 
$0
 
$3,100,076
 
$0
 
$31,000
 
$2,127
 
$32,591

(9)

$3,781,517
 

Former President, EIC

                                     

Frederick W. Werner

 
2015
 
$644,240
 
$110,000
 
$2,000,021
 
$0
 
$390,000
 
$20,744
 
$61,151

(10)

$3,226,156
 

Group President,

  2014   $630,804   $0   $1,725,003   $0   $615,000   $297,352   $91,129   $3,359,288  

DCS

  2013   $593,762   $0   $1,525,033   $0   $567,000   $0   $81,327   $2,767,122  

(1)
Includes any deferrals to AECOM's qualified defined contribution plan and our non-qualified deferred compensation plan. For more information regarding amounts deferred into the non-qualified deferred compensation plan, please refer to the "Executive Deferred Compensation for Fiscal Year 2015" table. The FY2015 and FY2013 compensation amounts are for a 52-week fiscal year while FY2014 is for a 53-week fiscal year.

(2)
These amounts represent the grant date fair value of the stock awards granted during the applicable fiscal year. For Mr. Burke, his amount includes annual stock awards granted in November 2014 and a performance recognition award granted in November 2014 associated with the successful acquisition of URS. For Mr. Wotring, his amount includes annual stock awards granted in November 2014 and a special sign-on RSU award granted in November 2014. For Mr. Nash, his amount includes annual stock awards granted in November 2014 and special sign-on RSU and PEP awards, granted in November 2014.


With respect to the PEP awards, these amounts represent the value based on the target performance as of the grant date. The value of the PEP2015 awards based on maximum performance is as follows: Mr. Burke — $10,800,049, Mr. Kadenacy — $3,780,043, Mr. Wotring — $1,560,023, Mr. Nash — $2,560,056 and Mr. Werner — $2,400,025. The Grants of Plan-Based Awards for Fiscal Year 2015 table, Outstanding Equity Awards at Fiscal Year End 2015 and the Option Exercises and Stock Vested for FY2015 tables include additional information with respect to all awards outstanding as of September 30, 2015.


Each participant who received a PEP2015 award, excluding Mr. Nash's special sign-on PEP, was awarded a specific number of target units that may be earned by the participant over two independent one-year performance periods over a three-year vesting period based on a formula that includes two categories of

51


Table of Contents

    performance for AECOM. The future value of these PEP grants is dependent upon the performance of the Company during the two one-year performance periods. Mr. Nash's special sign-on PEP award is based on EIC's fiscal year 2015 performance against pre-set financial goals.

    Each participant who received a RSU award, excluding Messrs. Nash's and Wotring's special sign-on RSU awards and Mr. Burke's performance recognition award, was awarded a specific number of units that will be earned after three years and paid at a future settlement date. Messrs. Nash's and Wotring's special sign-on RSU awards vest 50% on December 15, 2015, and 50% on December 15, 2016. Mr. Burke's performance recognition award vests in equal installments in November 2017, November 2018 and November 2019. See "Compensation Discussion and Analysis — Fiscal Year 2015 NEO Total Direct Compensation (TDC) Decisions" for more details regarding these equity programs.

(3)
This amount represents the grant date fair value of the special performance stock option award issued to Mr. Burke in connection with his promotion to CEO. The fair value of this award is based on a Monte Carlo option pricing model on the date of grant.

(4)
These amounts represent the STI compensation earned by the NEOs in their respective fiscal years and paid in December following the end of each fiscal year. See "Compensation Discussion and Analysis — FY2015 NEO Total Direct Compensation (TDC) Decisions" for a description of this STI program. These amounts include any deferrals to the Company's qualified defined contribution and non-qualified deferred compensation plan.

(5)
This amount includes a Company match in the AECOM Retirement and Savings Plan (RSP), executive life insurance premiums, executive medical, dental and vision insurance premiums, automobile and security-related costs, club membership dues, an executive allowance and $387,915 per the Security Arrangement.

(6)
This amount includes a Company match in the RSP, executive life insurance premiums, executive medical, dental and vision insurance premiums, a Company-paid charitable match, security, club membership dues and an executive allowance.

(7)
The change in Mr. Wotring's pension value from fiscal year 2014 to fiscal year 2015 was negative ($18,514) and, per SEC guidelines, is reported as zero in this table.

(8)
This amount includes a Company match in the RSP, executive life insurance premiums, executive medical, dental and vision insurance premiums and automobile-related costs.

(9)
This amount includes executive life insurance premiums, executive medical, dental and vision insurance premiums, contributions to the Restoration Plan and annual legal and financial advice.

(10)
This amount includes a Company match in the RSP, executive life insurance premiums, executive medical, dental and vision insurance premiums, Company-paid tickets to an event, Company-paid parking and an executive allowance.

52


Table of Contents

Grants of Plan-Based Awards for Fiscal Year 2015

The Compensation/Organization Committee typically considers and approves non-equity incentive targets and long-term incentive awards in the first quarter of each fiscal year at regular meetings. The grant date for the long-term incentive award is the date the Compensation/Organization Committee meets and approves the award.

The following table sets forth information with respect to non-equity incentive targets and long-term incentive awards granted to Named Executive Officers during fiscal year 2015. The annual long-term incentive awards issued on November 19, 2014, used the following mix: 60% PEPs and 40% RSUs. Mr. Burke also received a $5.0M RSU award issued on November 19, 2014, associated with the successful acquisition of URS. Mr. Wotring received a $1.3M special sign-on RSU award issued on November 19, 2014 (per his employment agreement). Mr. Nash also received a $1.3M special sign-on RSU and $0.5M PEP award, measured on one-year fiscal year 2015 EIC performance, issued on November 19, 2014 (per his employment agreement). Refer to the "Compensation Discussion and Analysis — FY2015 NEO Total Direct Compensation (TDC) Decisions" section in this Proxy Statement for more information regarding the various long-term incentive programs. All of the long-term incentive awards in the table below were made pursuant to the Company's 2006 SIP.

 
   
   
   
   
   
   
   
   
  All Other
Stock
Awards:
Number
of
Shares or
Stock/
Units

   
 
 
   
   
 

Estimated Future Payouts
Under Non-Equity Incentive
Plan Awards(1)

 

Estimated Future Payouts
Under Equity Incentive
Plan Awards(2)

  Grant Date
Fair Value
of
Stock and
Option
Awards(3)

 
Name and
Principal Position

  Grant
Type

  Grant
Date

  Threshold
($)

  Target
($)

  Max.
($)

  Threshold
(#)

  Target
(#)

  Max.
(#)

 

Michael S. Burke

  STI       $0   $1,800,022   $3,600,044           $0  

Chairman and

  PEP   11/19/14   $0   $0   $0   0   166,616   333,232     $5,400,025  

CEO (PEO)

  RSU   11/19/14   $0   $0   $0         111,077   $3,600,006  

  RSU   11/19/14   $0   $0   $0         154,274   $5,000,020  

Stephen M. Kadenacy

  STI       $0   $675,002   $1,350,004           $0  

President and Former

  PEP   11/19/14   $0   $0   $0   0   58,316   116,632     $1,890,022  

CFO (PFO)

  RSU       $0   $0   $0         38,877   $1,260,004  

Randall A. Wotring

  STI       $0   $690,019   $1,380,038           $0  

Group President,

  PEP   11/19/14   $0   $0   $0   0   24,067   48,134     $780,011  

Management Services

  RSU   11/19/14   $0   $0   $0         16,045   $520,018  

  RSU   11/19/14   $0   $0   $0         40,112   $1,300,030  

George Nash, Jr. 

  STI       $0   $620,006   $1,240,012           $0  

Former President, Energy,

  PEP   11/19/14   $0   $0   $0   0   24,067   48,134     $780,011  

Infrastructure &

  RSU   11/19/14   $0   $0   $0         16,045   $520,018  

Industrial Construction

  RSU   11/19/14   $0   $0   $0         40,112   $1,300,030  

  PEP   12/29/14   $0   $0   $0   0   16,187   32,374     $500,016  

Frederick W. Werner

  STI       $0   $650,000   $1,300,000           $0  

Group President, DCS

  PEP   11/19/14   $0   $0   $0   0   37,026   74,052     $1,200,013  

  RSU   11/19/14   $0   $0   $0         24,684   $800,008  

(1)
See "Compensation Discussion and Analysis — FY2015 NEO Total Direct Compensation (TDC) Decisions" for a description of this STI program.

(2)
The target for the PEP2015 awards was 100% of the granted PEP units. The maximum for the PEP2015 awards was 200% of the granted PEP units.

(3)
The Grant Date Fair Value of Stock Awards amounts in this column are based on the following calculations:

All of the PEP awards, excluding Mr. Nash's special sign-on $0.5M PEP, are calculated based upon the number of target PEP units granted multiplied by the common stock price of $32.41 on the day of grant for the awards issued on November 19, 2014. These PEP awards will cliff vest 100% on December 15, 2017, following the close of the three-year vesting period, provided the performance conditions are achieved. Mr. Nash's special sign-on $0.5M PEP is calculated based upon the number

53


Table of Contents

      of target PEP units granted multiplied by the common stock price of $30.89 on the day of grant for the award issued on December 29, 2014. This PEP award will cliff vest 100% on December 15, 2015, following the close of the one-year vesting period, provided the performance conditions are achieved.

    All of the annual RSU awards, excluding Mr. Burke's $5.0M RSU and Messrs. Wotring's and Nash's special sign-on $1.3M RSU awards, are calculated based upon the number of RSUs granted multiplied by the common stock price of $32.41 on the day of grant for the awards issued on November 19, 2014. These annual RSU awards will cliff vest 100% on December 15, 2017, following the close of the three-year vesting period. Mr. Burke's $5.0M RSU is calculated based upon the number of RSU granted multiplied by the common stock price of $32.41 on the day of grant for the award issued on November 19, 2014. This RSU award will vest 33% on November 19, 2017, 33% on November 19, 2018, and 33% on November 19, 2019. Messrs. Wotring's and Nash's $1.3M special sign-on RSUs are calculated based upon the number of RSUs granted multiplied by the common stock price of $32.41 on the day of grant for the awards issued on November 19, 2014. These RSU awards will vest 50% on December 15, 2015, and 50% on December 15, 2016.

Outstanding Equity Awards for Fiscal Year 2015

The following table sets forth information with respect to all outstanding long-term incentive awards granted to Named Executive Officers as of September 30, 2015.

 
  Option Awards
  Stock Awards
   
   
   
   
 
Name and
Principal
Position

  Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)

  Number of
Securities
Underlying
Unearned
Options
Unexercisable
(#)

  Equity
Incentive Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)

  Option
Exercise
Price
($)

  Option
Expiration
Date

  Number of Shares or
Units of Stock That
Have Not Vested
(#)(1)

  Market Value of Shares
or Units of Stock
That Have Not
Vested
($)(2)

  Equity Incentive
Plan Awards: Number of
Unearned Shares, Units
or Other Rights That
Have Not Vested
(#)(3)

  Equity Incentive
Plan Awards:
Market or Payout
Value of Unearned
Shares, Units or Other
Rights That Have Not
Vested
($)(4)

 

Michael S. Burke

  N/A   127,714   510,856 (5) $31.62   3/5/2024   RSU2015   111,077   RSU2015   $3,100,159   PEP2015   249,924   PEP2015   $6,975,379  

Chairman and CEO (PEO)

  66,561   N/A       $27.54   12/8/2017   RSU2015-MSB   154,274   RSU2015-MSB   $4,305,787                  

  58,140   N/A       $24.45   12/2/2016   RSU2014   68,362   RSU2014   $1,907,983                  

  41,770   N/A       $23.94   12/1/2015   RSU2013   64,691   RSU2013   $1,805,526                  

                      PEP2014   205,084   PEP2014   $5,723,894                  

                      PEP2013   109,942   PEP2013   $3,068,475                  

Stephen M. Kadenacy

 
7,372
 
N/A
     
$23.94
 
12/1/2015
 

RSU2015

 
38,877
 

RSU2015

 
$1,085,057
 

PEP2015

 
87,474
 

PEP2015

 
$2,441,399
 

President and Former CFO (PFO)

                      RSU2014   19,165   RSU2014   $534,895                  

                      RSU2013   23,361   RSU2013   $652,006                  

                      PEP2014   57,496   PEP2014   $1,604,713                  

                      PEP2013   39,702   PEP2013   $1,108,068                  

Randall A. Wotring

 
N/A
 
N/A
     
N/A
 
N/A
 

RSU2015

 
16,045
 

RSU2015

 
$447,816
 

PEP2015

 
36,101
 

PEP2015

 
$1,007,565
 

Group President, Management

                      RSU2015-RET   40,112   RSU2015-RET   $1,119,526                  

Services

                                                     

George Nash, Jr. 

 
N/A
 
N/A
     
N/A
 
N/A
 

RSU2015

 
16,045
 

RSU2015

 
$447,816
 

PEP2015

 
36,101
 

PEP2015

 
$1,007,565
 

Former President, EIC

                      RSU2015-RET   40,112   RSU2015-RET   $1,119,526   PEP2015-GLN   16,187   PEP2015-GLN   0  

Frederick W. Werner

             
24.45
 
12/2/2016
 

RSU2015

 
24,684
 

RSU2015

 
$688,930
 

PEP2015

 
55,539
 

PEP2015

 
$1,550,093
 

Group President, DCS

  8,000   N/A       27.54   12/8/2017   RSU2014   23,429   RSU2014   $653,903                  

  29,287   N/A               RSU2013   26,976   RSU2013   $752,900                  

                      PEP2014   70,842   PEP2014   $1,977,200                  

                      PEP2013   46,574   PEP2013   $1,299,855                  

(1)
This column represents the number of RSU2015, RSU2014, RSU2013, PEP2014 and PEP2013 awards that were not vested as of September 30, 2015. The performance periods for PEP2014 and PEP2013 ended at the end of fiscal year 2015. PEP2014 and PEP2013 payment is contingent on continuous employment by the NEOs through December 15, 2016, and December 15, 2015, respectively. The number of PEP units is based on estimated performance of 113.3% for PEP2013 and 200% for PEP2014 (average of 200% for PEP2014 Year 1 and 200% for PEP2014 Year 2).

(2)
This column represents the number of RSU2015, RSU2014, RSU2013, PEP2014 and PEP2013 awards that were not vested as of September 30, 2015, multiplied by the October 2, 2015, common stock price of $27.91 per share.

54


Table of Contents

(3)
This column represents the number of PEP2015 units that were not vested as of September 30, 2015. The number of PEP units is based on estimated performance of 150% for PEP2015 (average of 200% for PEP2015 Year 1 and 100% for PEP2015 Year 2) as of September 30, 2015.

(4)
This column represents the number of PEP2015 units that were not vested as of September 30, 2015, adjusted for the estimated PEP performance in the prior column, multiplied by the October 2, 2015, common stock price of $27.91 per share. Mr. Nash's earned 0% of his PEP2015-GLN award.

(5)
This reflects the special performance stock option award granted on March 5, 2014, in connection with Mr. Burke's appointment to the position of Chief Executive Officer. The award will vest on the fifth anniversary of the grant date subject to continued employment and achievement of certain stock price performance goals. The award becomes eligible to vest the first time the trailing 20-day average closing price of AECOM's common stock equals or exceeds the following stock price performance hurdles:

 

 

Stock Price Hurdle (equals or exceeds)

      % Eligible to Vest       Tranches Achieved    

 

 

Exercise Price plus $2.50 or $34.12

      10 %     Yes — August 1, 2014    

 

 

Exercise Price plus $5.00 or $36.62

      20 %     Yes — September 4, 2014    

 

 

Exercise Price plus $7.50 or $39.12

      30 %     TBD    

 

 

Exercise Price plus $10.00 or $41.62

      40 %     TBD    

 

 

Exercise Price plus $12.50 or $44.12

      50 %     TBD    

 

 

Exercise Price plus $15.00 or $46.62

      60 %     TBD    

 

 

Exercise Price plus $17.50 or $49.12

      70 %     TBD    

 

 

Exercise Price plus $20.00 or $51.62

      80 %     TBD    

 

 

Exercise Price plus $22.50 or $54.12

      90 %     TBD    

 

 

Exercise Price plus $25.00 or $56.62

      100 %     TBD    

The table below provides information on the vesting schedules associated with the outstanding long-term incentive awards listed above:

Award Type
  Expiration
Date

  Vesting Schedule
Option   3/5/2024   Five-year cliff vesting (100%) on the fifth anniversary of the grant date subject to continued employment and achievement of certain stock price performance goals.
Option   12/8/2017   These options are fully vested.
Option   12/2/2016   These options are fully vested.
Option   12/1/2015   These options are fully vested.
RSU2015     The RSU cliff vest 100% on December 15, 2017.
RSU2015-MSB     The RSU vest 1/3 on the anniversary of the grant date beginning November 19, 2017, and ending November 19, 2019.
RSU2015-RET     The RSU vest 50% on December 15, 2015 and 50% on December 15, 2016.
RSU2014     The RSU cliff vest 100% on December 15, 2016.
RSU2013     The RSU cliff vest 100% on December 15, 2015.
PEP2015     The PEP cliff vest 100% on December 15, 2017, subject to satisfaction of performance conditions.
PEP2015-GN     The PEP cliff vest 100% on December 15, 2015.
PEP2014     The PEP cliff vest 100% on December 15, 2016, subject to satisfaction of performance conditions.
PEP2013     The PEP cliff vest 100% on December 15, 2015, subject to satisfaction of performance conditions.

55


Table of Contents

Option Exercises and Stock Vested for Fiscal Year 2015

The following table sets forth information with respect to options exercised by and stock awards vested that were held by the Named Executive Officers during fiscal year 2015:

 
  Option Awards
  Stock Awards
Name and Principal Position
  Number of Shares
Acquired on
Exercise(#)

  Value Realized
on Exercise($)

  Number of Shares
Acquired on
Vesting(#)

  Value Realized
on Vesting($)(1)

Michael S. Burke

      86,386   $2,524,199

Chairman of the Board and CEO (PEO)

               

Stephen M. Kadenacy

      24,682   $721,208

President and Former CFO (PFO)

               

Frederick W. Werner

  5,349   $55,897   37,421   $1,093,442

Group President, Design & Consulting Services

               

(1)
The values in this column reflect amounts vested from PEP2012 and RSU2012 awards granted on November 28, 2011. The value of the PEP2012 units is based on units earned at 39% of target and the December 15, 2014, common stock price of $29.22. The value of the RSU2012 units is based on the December 15, 2014, common stock price of $29.22.

Pension Benefits for Fiscal Year 2015

As of October 9, 2009, AECOM froze all future benefit accruals under the AECOM Technology Corporation Pension Plan, AECOM Technology Corporation Management Supplemental Executive Retirement Plan, and the 1992 AECOM Technology Corporation Supplemental Executive Retirement Plan.

AECOM Technology Corporation Pension Plan ("AECOM Pension Plan"). The AECOM Pension Plan is a U.S. defined benefit plan that was adopted in September 1990. Participation in the AECOM Pension Plan was closed to new entrants effective April 1, 1998.

AECOM Technology Corporation Management Supplemental Executive Retirement Plan ("MSERP"). The Company amended the AECOM Pension Plan, effective July 1, 1998, to provide that certain participants, including Named Executive Officers and our Executive Chairman, earning benefits under the AECOM Pension Plan would instead earn identical benefits under the MSERP, but on an unfunded basis.

1992 AECOM Technology Corporation Supplemental Executive Retirement Plan ("92 SERP"). In October 1992, the Company established the 92 SERP in order to provide some of our U.S. resident executive officers with pre-retirement death benefits and retirement benefits consistent with the level provided by the previous AECOM Pension Plan formula. The plan also includes early retirement provisions at age 62 with full retirement benefits.

AECOM Excess Benefit Plan. In July 1996, the Company established the AECOM Excess Benefit Plan for U.S. participants in the Supplemental Executive Retirement Plans in order to provide only those benefits which the AECOM Pension Plan cannot provide due to federal tax limits. Benefits from the Excess Benefit Plan are unfunded and will reduce, dollar for dollar, the pension benefit paid by the Supplemental Executive Retirement Plans.

URS Federal Services Inc. Employees Retirement Plan. In October 2014, AECOM acquired URS' Federal Services Division (the "Management Services Division") which maintained a tax-qualified noncontributory defined benefit retirement plan under which certain Management Services Division employees receive annual retirement benefits at the employee's normal retirement age, which is calculated based on the employee's year of birth.

56


Table of Contents

The following table sets forth information with respect to the present value of the accumulated pension benefits for the Named Executive Officers during FY2015. Messrs. Burke, Kadenacy and Nash were not eligible to participate in any of the Pension Plans.

Name and Principal Position
  Plan Name
  Number of
Years
Credited
Service
(#)

  Present Value of
Accumulated
Benefits
($)(1)

  Payments During
Last FY
($)

Frederick W. Werner

  AECOM Pension Plan(2)   22.5000   $216,557   $0

Group President, Design & Consulting Services

  Management Supplemental Executive Retirement Plan(3)   22.5000   $289,123   $0

  1992 Supplemental Executive Retirement Plan and Excess Benefit Plan(4)   22.5000   $1,154,977   $0

Randall A. Wotring

  URS Federal Services Inc. Employees   33.9167   $819,011   $0

Group President, Management Services

  Retirement Plan(5)            

(1)
Present Value of Accumulated Benefits ($). Liabilities shown in this table are computed using the projected unit credit method reflecting average salary and service (where applicable) as of fiscal year end 2015. The material assumptions used to determine these liabilities can be located in the notes to our consolidated financial statements found in our Annual Report Form 10-K, except we assumed no pre-retirement decrements and that retirement occurs on the respective plans' earliest unreduced retirement age (or at the end of the 2015 plan year, if later).

(2)
AECOM Technology Corporation Pension Plan (AECOM Pension Plan). The plan's benefit formula is integrated with Social Security and is based on the participant's years of service for the Company and "Final Average Compensation." Effective April 1, 2004, compensation for use in determining the Final Average Compensation was limited to the participant's highest annual compensation for any calendar year during the period beginning January 1, 1994, and ending December 31, 2003. Compensation is further limited to the applicable Internal Revenue Code section 401(a)(17) limit. The plan benefit is limited to the applicable Internal Revenue Code section 415(b) limit. Only employees hired before April 1, 1998, are eligible to participate in the plan. In addition, eligibility for the plan occurs no later than the completion of one year of service. Early retirement age is the first day of any month after age 55, provided the participant has earned five (5) years of service. The earliest unreduced retirement age is 65. Compensation is the participant's salary, plus sick pay, overtime pay, shift premiums, contract completion bonuses, incentive compensation bonuses, severance pay paid within 30 days of termination of employment, vacation pay, pre-tax contributions made on the participant's behalf to an Internal Revenue Code Section 125 cafeteria plan and pre-tax contributions to the RSP under Internal Revenue Code Section 401(k). The plan was frozen October 9, 2009.

(3)
AECOM Technology Corporation Management Supplemental Executive Retirement Plan (AECOM SERP). The plan's benefit formula is integrated with Social Security and is based on the participant's years of service for the Company and Final Average Compensation. Effective April 1, 2004, compensation for use in determining the Final Average Compensation was limited to the participant's highest annual compensation for any calendar year during the period beginning January 1, 1994, and ending December 31, 2003. Compensation is further limited to the applicable Internal Revenue Code section 401(a)(17) limit. The plan benefit is limited to the applicable Internal Revenue Code section 415(b) limit. The participant's benefit under this plan is equal to the participant's Total AECOM Pension Plan Benefit minus the benefit payable to the participant under the AECOM Technology Corporation Pension Plan. Only employees hired before April 1, 1998, are eligible to participate in the plan. In addition, eligibility for the plan occurs no later than the completion of one year of service and the participant has to be a member of a select group of management or highly compensated employees, is an officer, is eligible for the AECOM Technology Corporation Incentive Compensation Plan and has been selected by the Compensation/Organization Committee to participate in the plan. Early retirement age is the first day of any month after age 55, provided the participant has earned five (5) years of service. The earliest unreduced retirement age is 65. Compensation is the participant's salary, plus sick pay, overtime pay, shift premiums, contract completion

57


Table of Contents

    bonuses, incentive compensation bonuses, severance pay paid within 30 days of termination of employment, vacation pay, pre-tax contributions made on the participant's behalf to an Internal Revenue Code Section 125 cafeteria plan and pre-tax contributions to the RSP under Internal Revenue Code Section 401(k). The plan was frozen October 9, 2009.

(4)
AECOM Technology Corporation 1992 Supplemental Executive Retirement Plan (92 SERP). In October 1992, we established the 92 SERP to provide some of our U.S. resident executive officers with pre-retirement death benefits and retirement benefits similar to the level provided by a previous AECOM Pension Plan formula. The 92 SERP requires a participant to have reached the minimum age of 55 and to have worked at AECOM for at least three years in order to receive benefits. The plan also provides full retirement benefits at age 62. Benefits from the AECOM Pension Plan, AECOM MSERP and Excess Plan offset the pension benefit paid by 92 SERP. Benefits in this plan were frozen in 2009. Benefits from the 92 SERP are unfunded.

(5)
URS Federal Services Inc. Employees Retirement Plan. In October 2014, AECOM acquired URS' Federal Services Division (the "Management Services Division") which maintained a tax-qualified noncontributory defined benefit retirement plan, under which certain Management Services Division employees receive annual retirement benefits at the employee's normal retirement age, which is calculated based on the employee's year of birth. The plan's benefit formula is integrated with Social Security and is based on the participant's years of service and Career Average Compensation. For purposes of the plan, compensation generally means regular base salary (including deferrals made under our 401(k) plan, Section 125 flexible benefit plan and qualified transportation fringe benefit plan), commissions and severance pay, but excludes bonus, overtime pay, incentive pay reimbursements or other expense allowances or other adjustments, fringe benefits and any other type of special or nonrecurring pay. The employees who were eligible to participate were those employees who were hired by the Management Services Division prior to June 30, 2003, and who were not in a position covered under certain contracts or in a unit of employment covered by a collective bargaining arrangement. Participants become 100% vested in their accrued benefits upon the earlier of (i) five years of service or (ii) attainment of age 45 while employed by the Management Services Division. A participant will receive his normal retirement benefit upon attainment of his normal retirement age, which generally is based upon the applicable Social Security retirement age (which for Mr. Wotring is approximately age 66), unless early retirement benefits are elected within 10 years of normal retirement age by a participant with at least 10 years of service at termination. A participant may postpone the receipt of his normal retirement benefit after attainment of normal retirement age if the participant continues working for the Management Services Division.

Executive Nonqualified Deferred Compensation for Fiscal Year 2015

The following table sets forth information with respect to activity in the AECOM Executive Deferred Compensation Plan and the Restoration Plan in fiscal year 2015. Messrs. Burke, Kadenacy, and Wotring do not participate in any of the Company's nonqualified deferred compensation plans.

The EDCP is a non-qualified plan that enables eligible employees to defer compensation that they might otherwise have contributed to the tax-qualified AECOM Technology Corporation Retirement & Savings Plan. Participants were allowed to defer the same elements of base salary into the EDCP as are allowed to be deferred under the RSP. The EDCP also allowed for sign-on bonuses and annual incentive bonuses to be deferred. Up to 50% of base salary and 100% of any eligible bonus may be deferred into the EDCP. The EDCP offers a fixed rate of return, which will be evaluated and determined each year.

The Restoration Plan allowed Mr. Nash to receive former Washington Group matching contributions that he would not have been eligible to receive under the legacy URS defined contribution plan because of Code limits on the type and amount of compensation that are considered for purposes of the match. The Washington Group Restoration Plan was frozen to grandfather those contributions and earnings made prior to Section 409A of the Code requirements, and was replaced by the URS E&C Holdings Restoration Plan for contributions and earnings subject to Code Section 409A requirements. Under both Plans, the Company credits to the account any amounts that would otherwise have been contributed to our defined contribution plan matching account if matching contributions were not limited under that plan. The Company also credits interest to the accounts at the Moody's average corporate bond rate, credited monthly. Restoration Plan accounts are 100% vested and

58


Table of Contents

are payable following the participant's termination of employment. Participants elect in advance to receive payments in a lump sum or in installments over five, 10 or 15 years. Restoration Plan accounts are part of our general assets and are not secured.

Name and Principal Position
  Executive
Contributions
in Last FY
($)(1)

  Registrant
Contributions
in Last FY
($)(2)

  Aggregate
Earnings
in Last FY
($)(3)

  Aggregate
Withdrawals/
Distributions
($)

  Aggregate
Balance
at Last
FYE
($)(3)

George Nash, Jr. 

  $0   $9,471   $12,128   $0   $283,006

Former President, Energy, Infrastructure & Industrial Construction
Restoration Plan Participant

                   

Frederick W. Werner

 
$0
 
$0
 
$3,843
 
$0
 
$120,352

Group President, Design & Consulting Services
EDCP Participant

                   

(1)
Since instituting the EDCP plan, Mr. Werner is the only NEO that has contributed to the plan. Mr. Nash is only NEO in the Restoration Plan.

(2)
There were no Company contributions made to the EDCP in fiscal year 2015. On the other hand, the Company made employer matching contributions to the Restoration Plan in fiscal year 2015.

(3)
Of these balances, the following amount was reported as an executive contribution in the Summary Compensation Table in prior-year proxy statements: Mr. Werner — $113,400. The information in this footnote is provided to clarify the extent to which amounts payable as deferred compensation represent compensation reported in our prior proxy statements, rather than additional currently earned compensation.

Payments and Benefits Upon Termination or Change in Control

Payments and benefits that would be provided to each Named Executive Officer in addition to those received by all employees (such as payout of 401(k) balances and paid time off) as a result of certain termination events are set forth in the table below. The amounts shown assume a qualifying termination of employment effective as of the last day of fiscal year 2015.

Change in Control Severance Policy for Key Executives

Pursuant to the AECOM Technology Corporation Change in Control Severance Policy for Key Executives, the Named Executive Officers in the table below will receive the following benefits in connection with a Change in Control:

59


Table of Contents

Additional details regarding the Company's Change in Control Severance Policy for Key Executives are provided below:

Michael S. Burke Letter Agreement

Pursuant to a letter agreement between the Company and Mr. Burke, in addition to Mr. Burke's participation in the Company's Change in Control Severance Policy for Key Executives, in the event that his employment is terminated (i) by the Company for any reason other than "Cause" (as defined in the policy) or his death or disability or (ii) by Mr. Burke for "Good Reason" (as defined in the policy), and such termination does not occur within the "protection period" (as defined in the policy) then, the Company will pay to Mr. Burke his accrued compensation, a pro-rata portion of the annual cash incentive award he would have received for the fiscal year in which employment terminates (based on the Company's actual performance over the entire year and the number of full months of actual service during such fiscal year), a lump-sum cash payment equal to two times the sum of his base salary plus the average annual cash incentive award he earned for the three fiscal years preceding the fiscal year in which such termination occurs, twenty-four months of COBRA coverage premiums, and additional vesting of then-outstanding equity awards as follows:

60


Table of Contents

In addition, in the event of a termination due to Mr. Burke's retirement, notwithstanding anything to the contrary in an award agreement, Mr. Burke will be entitled to full vesting of the then-unvested portion of any award granted in conjunction with or following his promotion to CEO, as if he had remained employed through the end of each applicable vesting period (and based on actual performance). For this purpose, the letter agreement between the Company and Mr. Burke defines retirement to include Mr. Burke's voluntary termination of employment after attaining the age of 60 or his resignation at any time if the Board of Directors determines, in its sole discretion, that an adequate succession is in place and that Mr. Burke and the Board of Directors mutually agree that his separation from service is in the best interests of AECOM.

Any and all severance payments or benefits provided under the letter agreement are contingent upon the execution of a general release.

Employment Agreement — Randall A. Wotring

In addition to Mr. Wotring's participation in the Company's Change in Control Severance Policy for Key Executives, the Company and Mr. Wotring also entered into an employment agreement on January 1, 2015 (the "Wotring Employment Agreement"). According to the terms of the Wotring Employment Agreement, if Mr. Wotring voluntarily resigns his employment for Good Reason (as defined in the Wotring Employment Agreement) or if the Company terminates Mr. Wotring's employment without Cause (as defined in the Wotring Employment Agreement), then Mr. Wotring shall be entitled to an amount equal to one times Mr. Wotring's base salary in effect immediately prior to the termination date (two times if the termination occurred on or before October 17, 2015) as well as twelve months of paid COBRA coverage premiums and long-term disability and term life insurance coverage.

Employment Agreement — George Nash, Jr.

In addition to Mr. Nash's participation in the Company's Change in Control Severance Policy for Key Executives, the Company and Mr. Nash also entered into an employment agreement on January 1, 2015 (the "Nash Employment Agreement"). According to the terms of the Nash Employment Agreement, if Mr. Nash voluntarily resigns his employment for Good Reason (as defined in the Nash Employment Agreement) or if the Company terminates Mr. Nash's employment without Cause (as defined in the Nash Employment Agreement), then Mr. Nash shall be entitled to an amount equal to one times Mr. Nash's base salary in effect immediately prior to the termination date (two times if the termination occurred on or before October 17, 2015) as well as twelve months of paid COBRA coverage premiums and long-term disability and term life insurance coverage. Mr. Nash is no longer with AECOM as of October 2015.

Regular U.S. Severance Policy

Subject to the terms, conditions and limitations of the Company's U.S. severance program, regular full-time and regular part-time fixed-schedule employees are eligible for severance pay if their employment in the U.S. is terminated under the following circumstances: lack of work, reorganization or restructuring of a unit or group, reduction in force with no reasonable offer of an internal transfer, elimination of job or position or voluntary acceptance of a company-initiated retirement program. The Company retains the right to amend or terminate its severance pay plan at any time without advance notice.

61


Table of Contents

Severance benefits are computed on the basis of the employee's base rate of pay, regular full-time or part-time fixed classification, most recent date of hire and regular work schedule at the time of termination, excluding all other types of compensation, such as overtime, shift differential or other salary uplifts, bonuses, commissions and incentives. Employees with a title of Vice President or above (including all of the Named Executive Officers) are eligible for 12 weeks of base pay regardless of years of service.

Long-Term Incentives

Pursuant to the terms of each of the RSU and PEP awards ("Long-Term Incentives" in the tables below) held by our Named Executive Officers, upon the date of a termination of the executive's employment as a result of death or disability, all unvested RSU and PEP awards will vest in full. Disability means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than 12 months. Pro-rata vesting is calculated as the percentage where the denominator is the number of months in the performance cycle of the relevant award and the numerator is the number of whole months from the beginning date of the performance cycle through the date of the executive's termination.

Name and
Principal Position

  Plan Name
  Death
  Disability
  Early
Retirement
and
Voluntary
Termination

  Retirement
  Involuntary
Termination
for Cause

  Involuntary
Termination
Without
Cause

  Involuntary
Termination
Upon
Change of
Control(1)

 

Michael S. Burke

  Long-Term Incentive(2)   $26,887,204   $26,887,204   $16,358,553   $16,358,553   $0   $17,826,223   $26,887,204  

Chairman and CEO

  Severance Payment   $0   $0   $0   $0   $0   $5,373,563   $5,373,563  

(PEO)

  Health and Welfare Benefit Continuation   $0   $0   $0   $0   $0   $91,926   $91,926  

Stephen M. Kadenacy

 

Long-Term Incentive(2)

 
$7,426,138
 
$7,426,138
 
$0
 
$0
 
$0
 
$0
 
$7,426,138
 

President and Former

  Severance Payment   $0   $0   $0   $0   $0   $155,770   $2,162,542  

CFO (PFO)

  Health and Welfare Benefit Continuation   $0   $0   $0   $0   $0   $0   $70,831  

Randall A. Wotring

 

URS Federal Services, Inc.

 
$424,164
 
$863,318
 
$863,318
 
$819,011
 
$863,318
 
$863,318
 
$863,318
 

Group President,

  Employees Retirement Plan(3)                              

Management

  Long-Term Incentive(2)   $2,574,907   $2,574,907   $0   $0   $0   $0   $2,574,907  

Services

  Severance Payment   $0   $0   $0   $0   $0   $1,380,038   $2,535,029  

  Health and Welfare Benefit Continuation   $0   $0   $0   $0   $0   $51,664   $62,552  

George Nash Jr. 

 

URS E&C Holdings Restoration

 
$283,006
 
$283,006
 
$283,006
 
$283,006
 
$283,006
 
$283,006
 
$283,006
 

Former Group

  Plan                              

President, Energy,

  Long-Term Incentive(2)   $2,574,907   $2,574,907   $0   $0   $0   $0   $2,574,907  

Infrastructure &

  Severance Payment   $0   $0   $0   $0   $0   $1,240,000   $1,508,130  

Industrial Construction

  Health and Welfare Benefit Continuation   $0   $0   $0   $0   $0   $24,151   $27,951  

Frederick W. Werner

 

Pension Plan(3)

 
$99,191
 
$196,030
 
$196,030
 
$216,557
 
$196,030
 
$196,030
 
$196,030
 

President, Design and

  MSERP(3)   $132,429   $261,718   $261,718   $289,123   $261,718   $261,718   $261,718  

Consulting Services

  92 SERP(3)   $1,183,994   $1,183,994   $1,183,994   $1,138,501   $0   $1,183,994   $1,183,994  

  Long-Term Incentive(2)   $6,922,883   $6,922,883   $0   $3,954,616   $0   $0   $6,922,883  

  Severance Payment   $0   $0   $0   $0   $0   $150,000   $1,764,720  

  Health and Welfare Benefit Continuation   $0   $0   $0   $0   $0   $0   $68,944  

(1)
Under the Change in Control Severance Policy in the event that any benefit payable constitutes a "parachute payment" within the meaning of Internal Revenue Code Section 280G and would be subject to excise tax imposed by Section 4999 of the Internal Revenue Code, then payments shall be provided either in full or reduced to an amount in which no portion of the benefits would be subject to excise tax, whichever provides the greatest after-tax benefit. The amounts in the table represent the benefits without consideration of reduction to avoid excise tax and based on assumption of a double-trigger event.

(2)
This row includes the payment of all outstanding RSU2015, RSU2014, RSU2013, PEP2015, PEP2014, PEP2013 and Performance Stock Option awards upon Retirement, Death and Total and Permanent

62


Table of Contents

    Disability as applicable for each individual. All calculations in this row are based on the AECOM common stock closing price as of Octoer 2, 2015, which was $27.91 per share.

(3)
Present Value of Accumulated Benefits ($). Liabilities shown in this table are computed using the same material assumptions used to determine the analogous liabilities located in the notes to our consolidated financial statements, except that the values provided are the values had the participant terminated and received immediate benefits as of the last day of our 2015 fiscal year. Except the values provided above for the AECOM Technology Corporation 92 SERP and Excess Benefit Plan have been calculated using the Plan's lump sum basis, which is a 2.55% interest rate and the GAM83 mortality table for distributions made during the plan year beginning October 1, 2015. The interest rate of 2.55% is determined as the yield on the October 1, 2015, 10-year U.S. Treasury Note of 2.05% plus 50 basis points.

Directors' Compensation for Fiscal Year 2015

The following table sets forth information with respect to the compensation that certain members of the AECOM Board of Directors received in fiscal year 2015. Mr. Burke is an employee Director shown on the Summary Compensation Table and did not receive separate compensation for activities as a Board member. Mr. Tishman is also an employee Director, and executive officer of the Company, but is not shown on the Summary Compensation Table and did not receive separate compensation for activities as a Board member. Mr. Dionisio was also an employee Director, but retired as an employee of the Company on March 4, 2015, and any compensation he received as an employee of the Company is included in the following table.

All non-executive directors are paid a retainer of $100,000 per year. In addition, these non-employee directors receive the following retainers for their service on the Board:

Each non-employee Director also receives a $1,000 fee per day, plus reimbursement for travel for attendance at other qualifying Board-related functions in his or her capacity as a Director.

Each non-employee Director receives an annual long-term equity award grant date fair value of $130,000, composed 100% of time-vested RSUs. Each non-employee Director who joins our Board of Directors receives an annual long-term equity award pro-rated for the number of quarters he or she serves.

63


Table of Contents

For fiscal year 2016, each non-employee Director will receive an annual long-term equity award grant date fair value of $140,000.

Name
  Fees Earned or
Paid in Cash
($)(1)

  Stock
Awards
($)(2)

  Option
Awards
($)(3)

  Nonqualified
Deferred
Compensation
Earnings
($)

  All Other
Compensation
($)(4)

  Total($)
 

John M. Dionisio

  $62,992   $130,000   $0   $0   $1,650,940   $1,843,932  

James H. Fordyce

  $138,875   $130,000   $0   $1,113   $10,000   $279,988  

Senator William H. Frist

  $108,183   $195,000   $0   $0   $0   $303,183  

Linda Griego

  $134,500   $130,000   $0   $0   $10,000   $274,500  

David W. Joos

  $124,875   $130,000   $0   $581   $0   $255,456  

Richard G. Newman*

  $57,250   $0   $0   $0   $11,901   $69,151  

Dr. William G. Ouchi

  $159,000   $130,000   $0   $0   $10,000   $299,000  

Dr. Robert J. Routs

  $136,000   $130,000   $0   $0   $0   $266,000  

William P. Rutledge

  $138,875   $130,000   $0   $0   $10,000   $278,875  

Clarence T. Schmitz

  $120,183   $130,000   $0   $0   $1,000   $251,183  

Douglas W. Stotlar

  $110,337   $195,000   $0   $0   $0   $305,337  

General Janet C. Wolfenbarger, USAF Retired

  $18,250   $97,500   $0   $0   $0   $115,750  

*
Mr. Newman retired from our Board of Directors effective March 4, 2015.

(1)
These amounts include annual retainer fees and any Board and Committee meeting fees earned in FY2015.

(2)
On October 17, 2014, Senator Frist and Mr. Stotlar each received a pro-rated RSU grant with a grant date fair value of $65,000, or 2,164 units, based on a grant price of $30.04. These RSUs will become 100% vested and be settled, in shares of AECOM stock, on the earlier of the first anniversary of the grant date (i.e. October 17, 2015) or the date of the Corporation's 2015 Annual Meeting of Stockholders (i.e. March 4, 2015). On March 4, 2015, each non-employee Director, excluding General Wolfenbarger and Mr. Newman, received a RSU grant with a grant date fair value of $130,000, or 4,327 units, based on a grant price of $30.05. On August 3, 2015, General Wolfenbarger received a pro-rated RSU grant with a grant date fair value of $97,500, or 3,187 units, based on a grant price of $30.60. All of these RSUs will become 100% vested and be settled, in shares of AECOM stock, on the earlier of the first anniversary of the grant date (i.e. March 4, 2016 or August 3, 2016, respectively) or the date of the Corporation's 2016 Annual Meeting (i.e. March 2, 2016).

    The directors had the following number of unvested RSUs and PEPs outstanding as of September 30, 2015:

Director
  Unvested RSUs
  Additional
Unvested RSUs*

  Additional
Unvested PEPs*

John M. Dionisio

  4,327   192,112   127,311

James H. Fordyce

  4,327    

Senator William H. Frist

  4,327    

Linda Griego

  4,327    

David W. Joos

  4,327    

Richard G. Newman

     

Dr. William G. Ouchi

  4,327    

Dr. Robert J. Routs

  4,327    

William P. Rutledge

  4,327    

Clarence T. Schmitz

  4,327    

Douglas W. Stotlar

  4,327    

General Janet C. Wolfenbarger, USAF Retired

  3,187    

*
For Mr. Dionisio, includes unvested RSUs and PEPs from previous grants received as an employee of the Company.

64


Table of Contents

(3)
The Directors had the following number of stock options outstanding as of September 30, 2015:

Director
  Options Outstanding*

John M. Dionisio

  149,432

James H. Fordyce

  20,116

Senator William H. Frist

 

Linda Griego

  20,116

David W. Joos

 

Richard G. Newman

  93,104

Dr. William G. Ouchi

  10,116

Dr. Robert J. Routs

  6,468

William P. Rutledge

  20,116

Clarence T. Schmitz

 

Douglas W. Stotlar

 

General Janet C. Wolfenbarger, USAF Retired

 

*
For Messrs. Dionisio and Newman, includes outstanding options from previous grants received as an employee of the Company.
(4)
The amounts for non-employee Directors, excluding Mr. Dionisio, include Company matching contributions to charitable organizations for Ms. Griego, Dr. Ouchi and Messrs. Fordyce, Schmitz, Newman and Rutledge. Mr. Dionisio's amount includes amounts earned as an employee of the Company including a $900,000 annual bonus, $701,721 in base salary and other W-2-related compensation, Company-paid parking, security and automobile-related costs, spousal travel and entertainment, Company matching contributions to charitable organizations, executive allowance, a Company match in the RSP, executive life insurance and medical, dental and vision insurance premiums.

65


Table of Contents

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

The members of the Compensation/Organization Committee of our Board of Directors were James H. Fordyce (Chair), Linda Griego, Dr. William G. Ouchi, Dr. Robert J. Routs, William P. Rutledge and Clarence T. Schmitz. None of the members of the Compensation/Organization Committee of our Board of Directors during fiscal year 2015 were or currently are a current or former officer or employee of the Company, or have had any relationships requiring disclosure under Item 404(a) of Regulation S-K. No executive officer of the Company serves or served during fiscal year 2015 as a member of the Board of Directors or Compensation Committee of any entity that has one or more executive officers serving on our Compensation/Organization Committee.

66


Table of Contents

REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS

The Audit Committee's responsibilities include appointing the Company's independent registered public accounting firm, pre-approving audit and non-audit services provided by the firm and assisting the Board in providing oversight to the Company's financial reporting process. In fulfilling its oversight responsibilities, the Audit Committee meets with the Company's independent registered public accounting firm, internal auditors and management to review accounting, auditing, internal controls and financial reporting matters.

In connection with its oversight responsibilities related to the Company's consolidated financial statements included in the Company's Annual Report on Form 10-K, the Audit Committee met with management and Ernst & Young LLP, the Company's independent registered public accounting firm, and reviewed and discussed with them the audited consolidated financial statements. The Audit Committee discussed with the independent registered public accounting firm matters required to be discussed by PCAOB Auditing Standard No. 16, Communications with Audit Committees, as modified or supplemented. The Audit Committee also discussed with the Company's independent registered public accounting firm the overall scope and plans for the annual audit, the results of their examinations, their evaluation of the Company's internal controls and the overall quality of the Company's financial reporting.

The Company's independent registered public accounting firm also provided to the Audit Committee the written disclosures and the letter required in Rule 3526 of the Public Company Accounting Oversight Board, and the Audit Committee discussed with the independent registered public accounting firm that firm's independence. In addition, the Audit Committee has considered whether the independent registered public accounting firm's provision of non-audit services to the Company and its affiliates is compatible with the firm's independence.

The Audit Committee met with representatives of management, the internal auditors, legal counsel and the independent registered public accounting firm on a regular basis throughout the year to discuss the progress of management's testing and evaluation of the Company's system of internal control over financial reporting in response to the applicable requirements of the Sarbanes-Oxley Act of 2002 and related U.S. Securities and Exchange Commission regulations. At the conclusion of this process, the Audit Committee received from management its assessment and report on the effectiveness of the Company's internal controls over financial reporting. In addition, the Audit Committee received from Ernst & Young LLP its attestation report on the Company's internal control over financial reporting. These assessments and reports are as of September 30, 2015. The Audit Committee reviewed and discussed the results of management's assessment and Ernst & Young LLP's attestation.

In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board of Directors, and the Board has approved, that the audited consolidated financial statements be included in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2015, for filing with the U.S. Securities and Exchange Commission. The Audit Committee also approved the appointment of Ernst & Young LLP as the Company's independent registered public accountants for the fiscal year ending September 30, 2016, and recommended that the Board submit this appointment to the Company's stockholders for ratification at the 2016 Annual Meeting.

    Respectfully submitted,

 

 

William P. Rutledge, Chairman
David W. Joos
Clarence T. Schmitz
Douglas W. Stotlar

67


Table of Contents

AUDIT FEES

Independent Registered Public Accounting Firm and Fees

The following table summarizes the fees for professional audit services provided by Ernst & Young LLP for the audit of the Company's annual consolidated financial statements for the fiscal years ending September 30, 2015, and September 30, 2014, as well as fees billed for all other services provided by Ernst & Young LLP during those same periods:

 
  2015
  2014
 

Audit Fees

  $13,390,183   $7,443,182  

Audit Related Fees

  1,327,789   1,022,372  

Tax Fees

  3,978,473   2,763,941  

Total

  $18,696,445   $11,229,495  

Audit Fees.    The fees identified under this caption were for professional services rendered by Ernst & Young LLP for fiscal years 2015 and 2014 in connection with the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q. The amounts also include fees for services that are normally provided by the independent public registered accounting firm in connection with statutory and regulatory filings and engagements for the years identified.

Audit-Related Fees.    The fees identified under this caption were for assurance and related services that were related to the performance of the audit or review of our financial statements and were not reported under the caption "Audit Fees." This category may include fees related to the performance of audits and attestation services not required by statute or regulations, due-diligence activities related to acquisitions, contractor's license compliance procedures and accounting consultations about the application of generally accepted accounting principles to proposed transactions.

Tax Fees.    The fees identified under this caption were for tax compliance, tax planning, tax advice and corporate tax services. Corporate tax services encompass a variety of permissible services, including technical tax advice related to U.S. and international tax matters, assistance with foreign income and withholding tax matters, assistance with sales tax, value-added tax and equivalent tax-related matters in local jurisdictions, preparation of reports to comply with local tax authority transfer pricing documentation requirements and assistance with tax audits.

Approval Policy.    Except for requests for preapproval made between Audit Committee meetings, the Company's Audit Committee approves in advance all services provided by our independent registered public accounting firm. The Chairperson of our Audit Committee approves in advance all services requested between Audit Committee meetings. All such interim approvals are reported to and approved by the full Audit Committee at the next meeting. All engagements of our independent registered public accounting firm in fiscal years 2015 and 2014 were pre-approved by the Audit Committee or Chairperson of the Audit Committee in accordance with this policy.

68


Table of Contents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information regarding the beneficial ownership of our common stock as of January 4, 2016, by:

Except as indicated in the footnotes to this table, the persons named in the table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to community property laws. The table includes the number of shares underlying options and warrants that are exercisable within, and the number of shares of Restricted Stock Units that settle within, 60 days from January 4, 2016.

Name and Address of Beneficial Owner(1)
  Amount and Nature of
Beneficial Ownership(2)

  Percent of Class(%)(2)

FMR LLC(3)

  23,073,199   15.13%

82 Devonshire Street
Boston, MA 02109

       

Blackrock Inc.(4)

  11,201,762   7.35%

55 East 52nd Street
New York, NY 10022

       

The Vanguard Group(5)

  9,888,017   6.49%

100 Vanguard Boulevard
Malvern, PA 19355

       

Michael S. Burke(6)

  295,794   *

John M. Dionisio(7)

  335,504   *

James H. Fordyce(8)

  149,931   *

Senator William H. Frist(9)

  32,787   *

Linda Griego(10)

  43,455   *

David W. Joos(11)

  21,861   *

Dr. William G. Ouchi(12)

  77,555   *

Dr. Robert J. Routs(13)

  21,978   *

William P. Rutledge(14)

  60,247   *

Clarence T. Schmitz(15)

  14,334   *

Douglas W. Stotlar(16)

  35,528   *

Daniel R. Tishman(17)

  319,339   *

General Janet C. Wolfenbarger, USAF Retired(18)

  3,187   *

Stephen M. Kadenacy(19)

  56,948   *

George L. Nash, Jr.(20)

  21,477   *

Frederick W. Werner(21)

  145,764   *

Randall A. Wotring(22)

  51,205   *

All directors and executive officers as a group (22 persons)

  1,748,599   1.14%

*
Indicates less than one percent.

(1)
Unless otherwise indicated, the address of each person in this table is c/o AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary.

69


Table of Contents

(2)
Calculated pursuant to Rule 13d-3(d) under the Exchange Act. Shares not outstanding that are subject to options or warrants exercisable by the holder thereof within 60 days of January 4, 2016, are deemed outstanding for the purposes of calculating the number and percentage owned by such stockholder, but not deemed outstanding for the purpose of calculating the percentage of any other person. Unless otherwise noted, all shares listed as beneficially owned by a stockholder are actually outstanding.

(3)
Based solely on the information set forth in a Schedule 13G/A filed by FMR LLC with the SEC on February 13, 2015. Based on such filing, FMR LLC has sole power to vote or to direct the vote with respect to 324,295 shares and sole power to dispose or to direct the disposition of 23,073,199 shares.

(4)
Based solely on the information set forth in a Schedule 13G/A filed by Blackrock Inc. with the SEC on January 26, 2015. Based on such filing, Blackrock Inc. has shared power to vote or to direct the vote with respect to 10,520,264 shares and shared power to dispose or to direct the disposition of 11,201,762 shares.

(5)
Based solely on the information set forth in a Schedule 13G/A filed by The Vanguard Group with the SEC on February 10, 2015. Based on such filing, The Vanguard Group has sole power to vote 100,380 shares, sole power to dispose or to the direct the disposition of 9,798,966 shares and shared power to dispose or to direct the disposition of 89,051 shares.

(6)
Common stock includes 124,701 shares subject to options exercisable prior to March 4, 2016, and 37,531 shares held in our RSP.

(7)
Common stock includes 4,083 shares subject to options exercisable prior to March 4, 2016, 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016, and 87,958 shares held in our RSP.

(8)
Common stock includes 20,116 shares subject to options exercisable prior to March 4, 2016, and 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(9)
Common stock includes 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(10)
Common stock includes 20,116 shares subject to options exercisable prior to March 4, 2016, and 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(11)
Common stock includes 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(12)
Common stock includes 10,116 shares subject to options exercisable prior to March 4, 2016, and 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(13)
Common stock includes 6,468 shares subject to options exercisable prior to March 4, 2016, and 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(14)
Common stock includes 20,116 shares subject to options exercisable prior to March 4, 2016, and 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(15)
Common stock includes 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(16)
Common stock includes 4,327 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(17)
Common stock includes 77 shares held in our RSP.

(18)
Common stock includes 3,187 shares that will be acquired as settlement of Restricted Stock Units prior to March 4, 2016.

(19)
Common stock includes 1,141 shares held in our RSP.

(20)
Mr. Nash left the Company in October 2015, however, based on his last Form 4 before he left the Company, he owned 21,477 AECOM common shares.

(21)
Common stock includes 37,287 shares subject to options exercisable prior to March 4, 2016, and 65,828 shares held in our RSP.

(22)
Common stock includes 132 shares held in our RSP.

70


Table of Contents

OTHER INFORMATION

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act") requires our directors, executive officers and persons who beneficially own more than 10% of our common stock, and any other person subject to Section 16 of the Exchange Act because of the requirements of Section 30 of the Investment Company Act to file with the Securities and Exchange Commission initial reports of ownership and reports of changes in ownership of our common stock and other equity securities. These Section 16 reporting persons are required by Securities and Exchange Commission regulations to furnish us with copies of all Section 16 forms they file.

To our knowledge, based solely on a review of the copies of such reports furnished to us and written representations from Section 16 reporting persons, we believe that during our fiscal year ended September 30, 2015, all Section 16 reporting persons complied with all applicable filing requirements, except for the following:

Stockholders Sharing the Same Address

Stockholders who have more than one account holding AECOM stock but who share the same address may request to receive only a single set of annual meeting materials. Such requests should be submitted in writing to AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary; online through the Information Request page in the "Investors" section of our Web site: www.aecom.com; or by calling Investor Relations at (212) 973-2982, and we will promptly make the changes that you have requested. Stockholders who choose to receive only one copy of the annual meeting materials will continue to have access to and utilize separate proxy voting instructions.

If you want to receive a paper proxy or voting instruction form, or other proxy materials for purposes of the 2016 Annual Meeting, follow the instructions included in the Notice of Internet Availability of Proxy Materials that was sent to you.

Annual Report on Form 10-K

Printed copies of our 2015 Annual Report on Form 10-K (including our financial statements) are available upon request without charge by calling Investor Relations at (212) 973-2982; writing to AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary; or soft copies may be obtained from the Investor section of www.aecom.com.

Stockholder Proposals

2016 Annual Meeting Proposals:

We were not required to include any stockholder proposals at our upcoming 2016 Annual Meeting, and we will therefore be allowed to use our discretionary voting authority if any stockholder proposals are raised at the 2016 Annual Meeting.

2017 Annual Meeting Proposals:

Stockholders who wish to have proposals considered for inclusion in the Proxy Statement and form of proxy for our 2017 Annual Meeting of Stockholders pursuant to Rule 14a-8 under the Exchange Act must cause their proposals to be received in writing by our Corporate Secretary at the address first set forth on the first page of

71


Table of Contents

this Proxy Statement no later than September 23, 2016. Any proposal should be addressed to our Corporate Secretary and may be included in next year's proxy materials only if such proposal complies with our Bylaws and the rules and regulations promulgated by the Securities and Exchange Commission. Nothing in this section shall be deemed to require us to include in our Proxy Statement or our proxy relating to any annual meeting any stockholder proposal that does not meet all of the requirements for inclusion established by the Securities and Exchange Commission.

In addition, the Company's Bylaws require that the Company be given advance written notice of nominations for election to the Board of Directors and other matters that stockholders wish to present for action at an annual meeting of stockholders (other than matters included in the Company's proxy materials in accordance with Rule 14a-8(e) under the Exchange Act). The Corporate Secretary must receive such notice not later than December 2, 2016, and no earlier than November 2, 2016, for matters to be presented at the 2017 Annual Meeting of Stockholders. However, in the event that the date of the 2017 Annual Meeting of Stockholders is held before February 1, 2017, or after April 1, 2017, for notice by the stockholder to be timely it must be received no more than 120 days prior to the date of the 2017 Annual Meeting of Stockholders and not less than the later of the close of business (a) 90 days prior to the date of the 2017 Annual Meeting of Stockholders and (b) the 10th day following the day on which public announcement of such meeting was first made by the Company. If timely notice is not received by the Company, then the Company may exercise discretionary voting authority under proxies it solicits to vote in accordance with its best judgment on any such stockholder proposal or nomination.

Incorporation by Reference

In our filings with the Securities and Exchange Commission, information is sometimes "incorporated by reference." This means that we are referring you to information that has previously been filed with the Securities and Exchange Commission, information that should be considered as part of the filing that you are reading. Our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on November 25, 2015, is incorporated by reference herein. Printed copies of our 2015 Annual Report on Form 10-K and other reports incorporated herein by reference are available upon request without charge by calling Investor Relations at (212) 973-2982; writing to AECOM, 1999 Avenue of the Stars, Suite 2600, Los Angeles, California 90067, Attention: Corporate Secretary; or requesting online through the Information Request page in the "Investors" section of our Web site: www.aecom.com. Such materials will be provided by first class mail or other equally prompt means. Based on Securities and Exchange Commission regulations, the reports of the Compensation/Organization Committee and Audit Committee, included above, are not specifically incorporated by reference into any other filings that we make with the Securities and Exchange Commission. This Proxy Statement is sent to you as part of the proxy materials for the 2016 Annual Meeting. You may not consider this Proxy Statement as material for soliciting the purchase or sale of our common stock.

Other Matters

Our Board of Directors knows of no other matters that will be presented for consideration at the 2016 Annual Meeting. If any other matters are properly brought before the 2016 Annual Meeting, it is the intention of the persons named in the accompanying proxy to vote on such matters in accordance with their best judgment. It is important that the proxies be returned promptly and that your shares be represented. Stockholders are urged to vote promptly by either electronically submitting a proxy or voting instruction card over the Internet, by telephone, or by delivering to us or your broker a signed and dated proxy card.

By order of the Board of Directors,

Christina Ching
Vice President, Corporate Secretary

Los Angeles, California
January 22, 2016

72


Table of Contents

ANNEX A

Reconciliation of Non-GAAP Items

 
  Twelve
Months
Ended
 
 
  Sep 30,
2015
 

Net income (loss) attributable to AECOM — per diluted share*

  $ (1.04 )*

Per diluted share adjustments, net of tax:

       

Acquisition and integration expenses

    1.89  

Amortization of intangible assets

    1.84  

Financing charges in interest expense

    0.39  

Adjusted net income attributable to AECOM — per diluted share

  $ 3.08  
*
Basic and dilutive GAAP EPS calculations use the same share count in the event of a net loss to avoid any antidilutive effect; however, the adjusted EPS includes the dilutive shares excluded in the GAAP EPS.

Reconciliation of EPS for PEP 2014

 
  Twelve Months Ended  
 
  Sep 30,
2014

  Sep 30,
2015

 
 
     

Net income (loss) attributable to AECOM — per diluted share*

  $ 2.33   $ (1.04 )*

Per diluted share adjustments, net of tax:

             

Acquisition and integration expenses

    0.20     1.89  

Amortization of intangible assets related to URS

          1.73  

Financing charges in interest expense

          0.39  

Adjusted net income attributable to AECOM — per diluted share

  $ 2.53     2.97 **
*
Basic and dilutive GAAP EPS calculations use the same share count in the event of a net loss to avoid any antidilutive effect; however, the adjusted EPS includes the dilutive shares excluded in the GAAP EPS.

**
Reduced from $3.08 to comply with EPS as defined for the PEP 2014 compensation calculation.

Reconciliation of free cash flow

 
  Twelve Months Ended  
in millions
  Sep 30,
2014

  Sep 30,
2015

 
 
     

Net cash provided by operating activities

  $ 360.6   $ 764.4  

Capital expenditures, net

    (62.8 )   (69.4 )

Free cash flow

  $ 297.8   $ 695.0  

A-1


Table of Contents

Reconciliation of free cash flow per share

 
  Twelve Months Ended  
in millions, except for free cash flow/share
  Sep 30,
2014

  Sep 30,
2015

 
 
     

Free cash flow

  $ 297.8   $ 695.0  

Adjusted diluted, weighted shares outstanding*

    98.7     151.3  

Free cash flow/share

  $ 3.02   $ 4.59  
*
Basic and dilutive GAAP calculations use the same share count in the event of a net loss to avoid any antidilutive effect; however, the adjusted figures include the dilutive shares excluded in the GAAP calculation.

Reconciliation of operating cash flow per share

 
  Twelve
Months
Ended
 
in millions, except for operating cash flow/share
  Sep 30,
2015
 

Net cash provided by operating activities

  $ 764.4  

Adjusted diluted, weighted shares outstanding*

    151.3  

Operating cash flow/share

  $ 5.05  
*
Basic and dilutive GAAP calculations use the same share count in the event of a net loss to avoid any antidilutive effect; however, the adjusted figures include the dilutive shares excluded in the GAAP calculation.

A-2


Table of Contents


ANNEX B

AECOM

2016 STOCK INCENTIVE PLAN

Effective March 2, 2016

B-1


Table of Contents


Table of Contents

1.   Purpose   B-3
         
2.   Definitions   B-3
         
3.   Eligibility   B-5
         
4.   Effective Date and Termination of Plan   B-5
         
5.   Shares Subject to the Plan and to Awards   B-5
         
6.   Options   B-7
         
7.   Stock Appreciation Rights   B-9
         
8.   Restricted Stock and Restricted Stock Units   B-9
         
9.   Incentive Bonuses   B-10
         
10.   Deferral of Gains   B-10
         
11.   Conditions and Restrictions Upon Securities Subject to Awards   B-11
         
12.   Adjustment of and Changes in the Stock   B-11
         
13.   Qualifying Performance-Based Compensation   B-12
         
14.   Transferability   B-13
         
15.   Suspension or Termination of Awards   B-13
         
16.   Agreement to Repayments of Incentive Compensation When Repayments Are Required Under Federal Law.   B-14
         
17.   Compliance with Laws and Regulations   B-14
         
18.   Withholding   B-15
         
19.   Administration of the Plan   B-15
         
20.   Amendment of the Plan or Awards   B-16
         
21.   No Liability of Company   B-17
         
22.   Non-Exclusivity of Plan   B-17
         
23.   Governing Law   B-17
         
24.   Arbitration of Disputes   B-17
         
25.   No Right to Employment, Reelection or Continued Service   B-18
         
26.   Unfunded Plan   B-18
         
27.   Specified Employee Delay   B-18

B-2


Table of Contents


AECOM
2016 STOCK INCENTIVE PLAN

1.   Purpose

2.   Definitions

B-3


Table of Contents

B-4


Table of Contents

3.   Eligibility

4.   Effective Date and Termination of Plan

5.   Shares Subject to the Plan and to Awards

B-5


Table of Contents

B-6


Table of Contents

6.   Options

B-7


Table of Contents

B-8


Table of Contents

7.   Stock Appreciation Rights

8.   Restricted Stock and Restricted Stock Units

B-9


Table of Contents

9.   Incentive Bonuses

10.   Deferral of Gains

B-10


Table of Contents

11.   Conditions and Restrictions Upon Securities Subject to Awards

12.   Adjustment of and Changes in the Stock

B-11


Table of Contents

13.   Qualifying Performance-Based Compensation

B-12


Table of Contents

14.   Transferability

15.   Suspension or Termination of Awards

B-13


Table of Contents

16.   Agreement to Repayments of Incentive Compensation When Repayments Are Required Under Federal Law.

17.   Compliance with Laws and Regulations

B-14


Table of Contents

18.   Withholding

19.   Administration of the Plan

B-15


Table of Contents

20.   Amendment of the Plan or Awards

B-16


Table of Contents

21.   No Liability of Company

22.   Non-Exclusivity of Plan

23.   Governing Law

24.   Arbitration of Disputes

B-17


Table of Contents

25.   No Right to Employment, Reelection or Continued Service

26.   Unfunded Plan

27.   Specified Employee Delay

B-18


 

GRAPHIC

 

IMPORTANT ANNUAL MEETING INFORMATION

 

 

Electronic Voting Instructions

 

 

 

Available 24 hours a day, 7 days a week!

 

 

 

Instead of mailing your proxy, you may choose one of the voting methods outlined below to vote your proxy.

 

 

 

VALIDATION DETAILS ARE LOCATED BELOW IN THE TITLE BAR.

 

 

 

Proxies submitted by the Internet or telephone must be received by 1:00 a.m., Central Time, on March 2, 2016.

 

 

 

Vote by Internet

 

 

 

· Go to www.envisionreports.com/ACM

· Or scan the QR code with your smartphone

· Follow the steps outlined on the secure website

 

 

 

Vote by telephone

 

 

 

·  Call toll free 1-800-652-VOTE (8683) within the USA, US territories & Canada on a touch tone telephone

Using a black ink pen, mark your votes with an X as shown in this example. Please do not write outside the designated areas.

x

·  Follow the instructions provided by the recorded message

 

Annual Meeting Proxy / Voting Instruction Card

 

IF YOU HAVE NOT VOTED VIA THE INTERNET OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.

 

A   Proposals — The Board of Directors recommends a vote FOR all the nominees listed and FOR Proposals 2, 3 and 4.

 

1.       To elect Class I Directors:

 

For

Withhold

 

 

 

 

01 - James H. Fordyce

 

o

o

 

 

 

 

02 - Senator William H. Frist

 

o

o

 

 

 

 

03 - Linda Griego

 

o

o

 

 

 

 

04 - Douglas W. Stotlar

 

o

o

 

 

 

 

05 - Daniel R. Tishman

 

o

o

 

 

For

Against

Abstain

 

 

 

 

2.  To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2016.

o

o

o

 

 

 

 

3.   Approval of 2016 Stock Incentive Plan.

o

o

o

 

 

 

 

4.  Advisory resolution to approve executive compensation.

o

o

o

 

B   Non-Voting Items

 

Change of Address — Please print new address below.

 

 

C   Authorized Signatures — This section must be completed for your vote to be counted. — Date and Sign Below

 

Please sign exactly as name(s) appears hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title.

 

Date (mm/dd/yyyy) — Please print date below.

Signature 1 — Please keep signature

within the box.

Signature 2 — Please keep signature within the box.

 

 

          /               /

 

028MBC

 

1 U

 

 

 

P X

 

 



 

IF YOU HAVE NOT VOTED VIA THE INTERNET OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.

 

GRAPHIC

 

Revocable Proxy — AECOM

 

ANNUAL MEETING OF STOCKHOLDERS — MARCH 2, 2016

 

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

 

The undersigned hereby appoints Michael S. Burke and Christina Ching, and each of them, as proxies for the undersigned with full power of substitution to act and vote, as directed, all shares of common stock of AECOM held of record by the undersigned at the close of business on January 4, 2016, at the Annual Meeting of Stockholders to be held on March 2, 2016 at 8:00 A.M. (local time) at 1999 Avenue of the Stars, Los Angeles, CA 90067.

 

This proxy, when properly executed and returned, will be voted in the manner directed herein by the undersigned. If this proxy is properly executed and returned and no direction is made, this proxy will be voted for all of the nominees for director and for Proposals 2, 3 and 4. In their discretion, the proxies are authorized to vote upon such other business as may properly come before the Annual Meeting of Stockholders or any postponement or adjournment thereof. The undersigned hereby revokes all proxies previously given by the undersigned to vote at the Annual Meeting of Stockholders or any adjournment or postponement thereof.

 

The undersigned may elect to withdraw this proxy at any time prior to its use by giving written notice to the Corporate Secretary, by executing and delivering to the Corporate Secretary a duly executed proxy bearing a later date or by appearing at the Annual Meeting and voting in person.

 

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Notice, Proxy Statement and Annual Report on Form 10-K are available on the Internet at www.envisionreports.com/ACM.