Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 45

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 45
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 to tax effects) from the sale of shares underlying earned RSUs or PSUs during the last two years of employment; there is no time limit in the case of misconduct during employment that causes a misstatement of our financial statements;

all cash bonuses paid during the last 18 months of employment;

outstanding vested, but not exercised, stock options; and

any gain (without regard to tax effects) realized from the exercise of a stock option, which is subject to the clawback provisions.

All long-term incentive agreements include clawback provisions applying to NEOs and other key employees (collectively, a “Participant”) if such Participant’s employment is terminated in the first year of the vesting period. Under the clawback provisions, a Participant must forfeit any long-term incentive awards covered by those agreements if employment is terminated due to retirement, death, disability, or termination without cause within 12 months after the grant date. Long-term incentive awards will vest pro rata if the termination occurs after the 12-month forfeiture period lapses and the Participant executes a separation agreement and release, and the amount of the award will be based on the length of time the Participant was employed during the applicable vesting or performance period. The clawback provisions provide a retention incentive for the Participants, and we believe that they provide a more appropriate balance between our interests and those of the Participants.

In November 2023, our Human Resources Committee approved an Incentive Compensation Recoupment Policy, which is applicable to the Company’s executive officers and requires the recoupment of Recoverable Incentive Compensation in the event of an Accounting Restatement (as those terms are defined in the policy). This policy conforms to SEC and NYSE rulemaking consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

| ​ | Pursuit 2025 PROXY STATEMENT  |  51​ |

COMPENSATION DISCUSSION AND ANALYSIS

Stock Ownership Guidelines We believe it is important to align the financial interests of our directors and executive officers with those of our shareholders. Accordingly, we adopted stock ownership guidelines that require directors and executives to own a minimum amount of Pursuit common stock on a direct basis, meaning stock that is subject to market risk. The minimum required amount ranges from 1.5 to 5.0 times base retainer or salary, as applicable, as summarized below:

| Stock Ownership Guidelines |   |   |                           |
| Non-Employee Directors1    | ​ | ​ | 5.0 times annual retainer |