Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 28

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 28
---
 insurance, retirement and other employee benefits; and (v) entitled to certain other specified fringe benefits, reimbursements, life insurance and working facilities described in his Employment Agreement. Mr. Bowman’s employment agreement contains provisions related to his ability to pledge his shares of stock. Mr. Labovitz’s new Employment Agreement was effective as of July 1, 2024 and provides for an initial term expiring June 30, 2028 (the “Initial Term”) with automatic one-yearrenewals thereafter unless terminated as described in the Agreement. Under the terms of his Employment Agreement, Mr. Labovitz is (i) entitled to an annualized base salary of $500,000, subject to annual upward adjustment as described in footnote 2 of the Summary Compensation Table; (ii) eligible to participate in the Annual Bonus Plan as described below; (iii) entitled to participate in our health, insurance, retirement and other employee benefits; and (iv) entitled to certain other specified fringe benefits and reimbursements described in his Employment Agreement. In lieu participating in the Equity Award or any other long-term incentive plans available to executives during the Initial Term, Mr. Labovitz received: (i) an award of 150,000 shares of time-based restricted stock which cliff vests in four years, and (ii) an award of 100,000 performance-based restricted stock units that may be earned by Mr. Labovitz if the Company achieves the maximum level of performance (75th percentile or higher) on total stockholder return compared against a peer group over the Initial Term. Mr. Labovitz is eligible, after the Initial Term and subject to his continued employment by the Company, to participate in long-term incentive programs that are made available in the future to similarly situated executives of the Company. Mr. Hickey’s Employment Agreement was amended and restated as of August 22, 2024. His term of employment commenced on May 11, 2021, and ends on December 31, 2025 with automatic one-yearrenewals thereafter unless earlier terminated as described therein. Under the terms of his Employment Agreement, Mr. Hickey is (i) entitled to an annualized base salary of $473,531, subject to annual upward adjustment as described in footnote 2 of the Summary Compensation Table; (ii) eligible to participate in the Annual Bonus Plan and Equity Award as described below; (iii) entitled to participate in our health, insurance, retirement and other employee benefits; and (iv) entitled to