Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 35

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 35
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 EBITDA Margin, net, each executive earned the following portion of the annual bonus for 2024; Mr. Bowman—$147,978; Mr. Labovitz—$99,129; Mr. Hickey $94,706; and Mr. Bruen—$98,258. Under the Annual Bonus Plan, the annual bonus may be paid in cash, stock, or a combination of stock and cash based on the determination of the compensation committee, with recommendations from the Chief Executive Officer regarding the form of payment for each executive. For performance year 2024, the compensation committee determined that Messrs. Bowman and Bruen would receive payment of the entire annual bonus in restricted stock, Mr. Labovitz would receive payment of the entire annual bonus in cash, and Mr. Hickey would receive 30% of the annual bonus in stock and 70% of the annual bonus in cash. Based on determinations made by the compensation committee, (i) each Executive who received the annual bonus, or a portion of the annual bonus, in an award of restricted stock, and the amounts of such awards, were as follows: Mr. Bowman – 5,251 shares; Mr. Hickey – 1,008 shares; and Mr. Bruen – 3,487 shares, and (ii) each Executive who received the annual bonus, or a portion of the annual bonus, in cash and the amount of cash were as follows: Mr. Labovitz—$99,129; and Mr. Hickey—$66,294. Long-Term Incentive Plan On November 10, 2021, the compensation committee approved the adoption of the 2021 Executive Officers Long Term Incentive Plan (the “ Long-Term Incentive Plan”). The Long-Term Incentive Plan permits the award of equity-based awards to the executive officers and other executives who are approved by the compensation committee. Under the Long-Term Incentive Plan, Executives have the opportunity to receive under the Equity Incentive Plan both time-based restricted stock awards and performance-based restricted stock units. Unless previously set forth in an employment agreement, the compensation committee will establish an Executive’s threshold, target, and maximum award opportunity as a percentage of such Executive’s salary. For each of the

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executive officers these levels were established under his employment agreement. In the case of Mr. Bowman, the threshold equity award value opportunity was