Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 37

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 37
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 2024, in recognition of their significant contributions and extraordinary leadership, in connection with the Transaction, the Board approved transaction incentive cash awards (the “Transaction Incentive Awards”) in the amount of $1.7 million for Mr. Linde and in the amount of $1.55 million for Mr. Stelmach, 50% of which was paid on the Closing Date and 50% of which will become payable on the six-month anniversary of the Closing Date, subject to the applicable executive’s continued employment through each such date. In the event of a termination of the executive’s employment for any reason prior to the Closing Date, the entire Transaction Incentive Award would have been forfeited. In the event of (i) an involuntary termination by the Company (or its successor) without “cause” or by the executive for “good reason” or (ii) a termination due to the executive’s retirement, death, or disability (as each such term is defined in the applicable agreement governing the Transaction Incentive Award), in each case, between the Closing Date and the six-month anniversary thereof, the applicable executive will receive a prorated portion of the second installment of the Transaction Incentive Award, subject to his timely execution and non-revocation of a release of claims.

CEO Transition and Compensation Arrangements

Also in connection with the Transaction, contingent upon and effective as of the Closing Date, on October 20, 2024, the Board appointed Mr. Barry to serve as the Company’s President and Chief Executive Officer and as a member of the Board. Mr. Barry succeeded Mr. Moster, who stepped down from his role of President and Chief Executive Officer of the Company, effective as of the Closing Date, following which Mr. Moster continued to serve as an advisor to the Company until March 1, 2025 (the “Advisory Period End Date” and the period of time from the Closing Date through the Advisory Period End Date or the earlier termination of Mr. Moster’s employment, the “Advisory Period”).

Mr. Barry

On October 20, 2024, the Company entered into an offer letter with Mr. Barry (the “Barry Offer Letter”) with respect to his service as President and Chief Executive Officer. The Barry Offer Letter provides for, as of the Closing Date, among other things: (i) an annual base salary of $750,000; (ii) an annual cash incentive bonus with a target bonus opportunity of 100