Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 36

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 36
---
 75% of base salary, the target equity award value opportunity was 150% of base salary, and the maximum equity award value opportunity was 300% of base salary. In the case of Messrs. Labovitz, Hickey, and Bruen the threshold equity award value opportunity was 35% of base salary, the target equity award value opportunity was 75% of base salary, and the maximum equity award value opportunity was 150% of base salary. The Long-Term Incentive Plan also provides for vesting of certain of the performance-based restricted stock units in the event of an Executive’s Retirement or Early Retirement, as defined in the plan. Each of the Executive Employment Agreements addresses vesting in the event of death, disability, and other circumstances. As discussed above, in lieu of participating in Equity Awards or the Long-Term Incentive Plan during the Initial Term, Mr. Labovitz received awards of certain performance-based restricted stock units and restricted stock. Mr. Labovitz is eligible, after the Initial Term and subject to his continued employment by the Company, to participate in the Long-Term Incentive Plan. See “ Employment Agreements.” For Messrs. Labovitz, Hickey and Bruen, 25% of the total target award opportunity is an annual grant of time-based restricted stock that vests quarterly over a three-year period beginning on December 31 in the year of grant. The Long-Term Incentive Plan also provides for vesting of 100% of the time-based award in the event of an Executive’s Retirement or Early Retirement, as defined in the plan. The remaining 75% of the target award opportunity is a grant of performance-based restricted stock units. For Mr. Bowman, 100% of the award opportunity is in performance-based restricted stock units. The restricted stock units vest based on the Company’s level of achievement measured over a defined performance period on total stockholder return relative to a peer group approved by the compensation committee, as follows:

| Relative Total Stockholder Return at end of Performance Period |     | Vesting % Level |     |   |
| 75th Percentile or higher                                      |     |                 | 100 | % |
| 55th Percentile                                                |     |                 |  50 | % |
| 35th Percentile                                                |     |                 |  25 | % |
| Below 35th Percentile                                          |     |                 |   0 | % |

The compensation committee awarded the