Bowman Consulting amends STIP to allow stock; 2023 elections disclosed

Bowman Consulting Group Ltd.

Board amended Short-Term Incentive Plan to permit stock awards in lieu of cash for annual bonuses.
For 2023: Bowman, Labovitz, Bruen elected 100% restricted stock; Hickey elected 50% stock, 50% cash.
Stock vests by first trading day of next calendar year; value based on 200-day VWAP as of Dec 31, 2023.
Actual bonus amounts depend on 2023 performance goal achievement, determined in Feb 2024.

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