Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 38

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 38
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 for which we compete. The Equity Incentive Plan provides for the grant of stock options, including incentive stock options and nonqualified stock options, restricted stock, dividend equivalents, restricted stock units, stock appreciation rights, and other stock or cash-based awards. All awards under the Equity Incentive Plan are set forth in award agreements, which detail the terms and conditions of the awards, including any applicable vesting and payment terms and post-termination exercise limitations. The Equity Incentive Plan also provides for compensation for non-employeedirectors subject to the Equity Incentive Plan’s limitations. Our compensation committee may modify the non-employeedirector compensation program from time to time, provided that the maximum dollar value of any equity awards granted as compensation for services as a non-employeedirector during any fiscal year may not exceed $250,000, increased to $500,000 in the fiscal year of a non-employeedirector’s initial service as a non-employeedirector. All awards are subject to the provisions of any claw-back policy implemented by us to the extent set forth in such claw-back policy or in the applicable award agreement. 2021 Employee Stock Purchase Plan On May 11, 2021, our stockholders approved our 2021 Employee Stock Purchase Plan (the “ ESPP”). Our ESPP allows eligible U.S. employees to purchase our common stock in a manner that may qualify for favorable tax treatment under Section 423 of the Code. Generally, all regular employees employed by us or by any of our participating affiliates are eligible to participate in our ESPP, and to contribute through payroll deductions up to 15% of their earnings (as defined in our ESPP) for each pay period during an offering period for the purchase of our common stock under our ESPP. Our executive officers who are subject to the reporting obligations of Section 16(a) of the Exchange Act are not eligible to participate in the ESPP. Director Compensation Our non-employeedirectors receive compensation in the form of an annual retainer for Board and committee service, including service as chair of a committee, and an annual grant of equity. 2024 Director Compensation Annual Retainer For 2024, each non-employeedirector received an annual retainer of $50,000, paid in quarterly installments. Non-employeedirectors who served as the chairs of the audit, compensation and nominating and corporate governance committees received additional annual retainers of $15,000, $10,000 and $10,