Company: PRSU
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052380
Chunk: 28

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 28
---
 the 2024 MIP. EBITDA and EBITDA Margin were chosen because they are highly visible and important measures of the Company’s financial performance that are relied upon by investors. The addition of EBITDA Margin to the MIP for 2024 was intended to incentivize continued margin recovery at the Legacy Pursuit Segment and further improvements at GES. The Human Resources Committee also developed strategic objectives to ensure that our NEOs continued to pursue important objectives in furtherance of Company growth and alignment with the Company’s strategy to create long-term shareholder value. The Human Resources Committee receives periodic reports from the management team to assess achievement against both the financial and strategic objectives. Following the conclusion of the fiscal year, the Human Resources Committee reviews the Company’s performance under each measure against the pre-established targets. Based on this review and a qualitative assessment of the Company’s performance, the Human Resources Committee may approve payouts as calculated under the MIP or, considering various factors it deems appropriate, reduce the calculated payout, which may include determining that no payout is warranted under the plan.

| ​ | Pursuit 2025 PROXY STATEMENT  |  39​ |

COMPENSATION DISCUSSION AND ANALYSIS

The performance measures and relative weightings for the 2024 MIP were weighted as follows: • 60% based on EBITDA results; • 20% based on EBITDA Margin results; and • 20% based on strategic objectives. The components of each NEO’s 2024 MIP opportunity were based, as applicable, on Legacy Viad performance (Ms. Ingersoll, Ms. Striedel, and Mr. Moster), the Legacy Pursuit Segment performance (Mr. Barry), and Spiro performance (Mr. Stelmach). Mr. Linde’s 2024 MIP opportunity was based 100% on Legacy Viad performance through his appointment as GES President on June 3, 2024, at which time his opportunity became weighted 80% toward GES performance and 20% toward Legacy Viad performance. For 2024, achievement of the financial objectives at Threshold earned a payout at 50% of the applicable performance goal’s weighted target payout percentage. Achievement at Target for financial objectives earned a payout at 100% for that component, and achievement of the financial objectives at Maximum earned a payout at 200% (the maximum achievement level or “cap”) for the financial component of 2024 MIP. For each financial performance goal, the payout