Company: BWMN
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001193125-25-087211
Chunk: 37

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 37
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 following time-based restricted stock in 2024 under the Long-Term Incentive Plan, which vest over a three-year period beginning one year from the date of grant: Mr. Labovitz—3,064 shares; Mr. Hickey —2,954 shares and Mr. Bruen—3,064 shares. In addition, the compensation committee granted the following awards of performance-based restricted stock units for the performance period January 1, 2024 through December 31, 2026: Mr. Bowman—73,843 units; Mr. Labovitz—21,451 units; Mr. Hickey—20,676 units; and Mr. Bruen—21,451 units. The award opportunity represents the maximum number of shares that may be earned at the end of the performance period if the Company achieves the maximum level of performance on total stockholder return relative to the peer group approved by the compensation committee. Termination and Change in Control Provisions Each of the Executive Employment Agreements contains provisions whereby if the Executive’s employment is terminated under certain circumstances, including a change in control, he will be entitled to certain payments and accelerated vesting of outstanding equity awards, all as specified in their respective employment agreements, as described above. See “ Employment Agreements— Severance Payments and Benefits”. Under the Equity Incentive Plan, in the event of a Change in Control (as defined above), if the acquiring company elects not to assume awards granted under the Equity Incentive Plan, such awards will be subject to accelerated vesting. Our equity award agreements also provide for acceleration of awards upon the Executive’s death or disability, or if the Executive’s employment with the Company is terminated (A) by the Company without Cause, (B) by the Executive for Good Reason, or (C) by the Executive for Good Reason related to a Change in Control for Good Reason related to a Change in Control, provided that the Executive

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executes a release agreement. The terms Cause, and Good Reason are defined in the Executives’ respective Executive Employment Agreements. See “ Employment Agreements—Severance Payments and Benefits.” 2021 Omnibus Equity Incentive Plan On May 11, 2021, our stockholders approved our Equity Incentive Plan. Under the Equity Incentive Plan, we may grant cash and equity incentive awards to eligible employees, consultants and directors, among others, to attract, motivate and retain the talent