Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 24

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 24
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ovitz, the grant date fair value of restricted stock awards made in July 2024 calculated in accordance with ASC Topic 718 based on the original grant date of July 1, 2024 in the amount of $4,612,500. See “Employment Agreements.” |

The valuation assumptions regarding the stock awards in this column are included in Note 16 in our financial statements for the year ended December 31, 2024 included in our Annual Report on Form 10-K.

| 5) | For Messrs. Labovitz and Hickey, these amounts reflect cash portion of the annual bonus under the Annual Bonus Plan, in the following amounts; Mr. Labovitz—$99,129; and Mr. Hickey—$66,294. As explained in footnote 4 above, Mr. Labovitz received his entire annual award in cash and Mr. Hickey received 70% of the annual bonus in cash. See “Annual Bonus Plan.” |

| 6) | The amounts in this column include Company contributions to the Company’s qualified 401(k) plan, which is available to all employees, of $10,350 to each of Mr. Bowman, Mr. Hickey and Mr. Bruen and $9,903 to Mr. Labovitz. In addition, it includes perquisites and personal benefits as follows: Mr. Bowman—$23,892; Mr. Labovitz—$52,026; Mr. Hickey—$27,300 and Mr. Bruen—$27,300. These perquisites and personal benefits are as follows: Mr. Bowman—$14,592 for personal use of a company vehicle, and $9,300 of health savings account contributions; Mr. Labovitz—$24,726 for reimbursement of expenses (calculated at a fixed hourly rate) by the Company associated with his use of a private aircraft, $18,000 of auto allowance and $9,300 of health savings account contributions; Mr. Hickey—$18,000 of auto allowance and $9,300 of health savings account contributions; and Mr. Bruen—$18,000 of auto allowance and $9,300 of health savings account contributions. |

Elements of Compensation The primary elements of compensation for our executive officers in 2024 were base salary, annual incentive bonus and equity awards. Our executive officers are also entitled to participate in employee benefit plans and programs that we offer to our other employees, described below: Health and Welfare