Parsons grants CEO Carey Smith $10M stock award with 60% performance-based PSUs

PARSONS CORP

Target grant-date value $10M: $6M PSUs (60%) and $4M RSUs (40%), approved on February 20, 2026.
RSUs vest ratably over four years beginning March 10, 2026, subject to continued employment.
PSUs cliff vest after four-year performance period (Jan 2026 – Dec 2029) based on rTSR vs peer group.
PSU payout: zero for ≤35th percentile; 100% target ($6M) at 65th percentile; 150% max ($9M) at ≥75th percentile.
Annualized target value is $2.5M over four years ($1M RSUs per year).

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