Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 38

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 38
---
% of annual base salary, with the actual amount earned ranging from 0% to 200% of target based on actual achievement against performance metrics to be established by the Board or Human Resources Committee; and (iii) participation in the Company’s employee benefit and welfare plans. The Barry Offer Letter also provides that, subject to approval by the Human Resources Committee, on or as soon as reasonably practicable following the Closing Date, Mr. Barry will receive a 2025 annual long-term equity incentive award with an aggregate grant value of $3,000,000, approximately 70% of which will be subject to performance-based vesting and approximately 30% of which will be subject to time-based vesting.

Additionally, effective as of the Closing Date, Mr. Barry’s non-change-in-control severance agreement with the Company was amended (as amended, the “Barry Non-CIC Severance Agreement”) to provide for severance benefits equal to two years of base salary (increased from one year of base salary pre-amendment) and to add death and disability as new severance triggers, in addition to the existing triggers of involuntary termination not for cause by the Company, and voluntary resignation by Mr. Barry for “good reason” (as defined thereunder). The receipt of any severance benefits would be contingent upon Mr. Barry’s resignation from any position he then holds on the Board and his execution and non-revocation of a complete release of all claims, waiver of rights and covenant not to sue. The Barry Non-CIC Severance Agreement does not provide for any severance or other benefits in connection with a change-in-control transaction. Mr. Barry’s entitlement to change-in-control benefits remained unchanged following the Transaction and Mr. Barry’s appointment as President and Chief Executive Officer and continue to be governed by the Executive Severance Plan, the award agreements with respect to outstanding RSU and PSU awards, and the MIP, respectively. For more information on these

| 46  |  Pursuit 2025 PROXY STATEMENT​ | ​ |

COMPENSATION DISCUSSION AND ANALYSIS

change-in-control benefits, please see above under “Post-Termination Compensation and Benefits – Change in Control Severance” and “Potential Payments upon Employment Termination or Change in Control” below in the Executive Compensation section of this Proxy Statement.

Mr. Moster

On December 30, 2024, the Company entered into a transition agreement with Mr. Moster (the “Moster Transition Agreement”), which, subject to