Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 33

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 33
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 cash. The compensation committee, based on recommendations from the Chief Executive Officer, makes the determination regarding the form of payment for each executive prior to March 1 of the applicable performance year. Any stock that is awarded in payment of the annual bonus will be (i) valued based on the fair market value of the Company’s common stock calculated in 2024 as the volume weighted average trading price of the Company’s common stock for the 200 trading days prior to year end of the performance year, and (ii) vest no later than the first trading day of the calendar year following the date of the award. The total annual bonus that an Executive may earn under this plan depends on: (1) his salary or eligible earnings because the bonus was calculated and paid as a percentage of the annual salary or amount earned and (2) the level of performance attained because performance levels are set at the threshold, target and maximum levels of achievement and results are interpolated between these levels. The Executive Employment Agreements set forth the amount that may be earned by each executive officer as follows:

| Name           |     | Threshold 
 as a % of 
 Earnings  |    |     | Target    
 as a % of 
 Earnings  |    |     | Maximum   
 as a % of 
 Earnings  |     |
| Gary Bowman    |     |           | 25 |     |           | 50 |     |           | 100 |
| Bruce Labovitz |     |           | 25 |     |           | 50 |     |           | 100 |
| Robert Hickey  |     |           | 25 |     |           | 50 |     |           | 100 |
| Michael Bruen  |     |           | 25 |     |           | 50 |     |           | 100 |

| Page | 24 |     | 2025 Proxy Statement |

The compensation committee has broad discretion under the Annual Bonus Plan to establish performance goals for the year, which may be financial and/or nonfinancial goals as well as setting the level of satisfaction or achievement necessary for determining performance. The Annual Bonus Plan also provides that the compensation committee may, in its discretion, adjust the performance goals and the award opportunity during the year to account for the occurrence of external events or unanticipated business conditions. The compensation committee considers the establishment of appropriate metrics generally in February of each year. For 2024, the compensation committee selected the following metrics, Adjusted EBITDA Margin (50% weight), Growth in Organic Revenue