Parsons CEO Carey Smith receives one-time $13M equity award; PSUs tied to TSR

PARSONS CORP

RSUs of $4M vest ratably over four years; PSUs with target $6M, max $9M based on relative TSR.
PSU payout zero at/below 35th percentile; full payout at 65th percentile; 150% at 75th percentile.
Annualized target value $2.5M; only $1M vests annually in first three years.
Award approved Dec 18, 2023, in recognition of Smith's performance and retention.

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