Form 4: Labovitz Bruce J reports multiple insider transactions in BWMN
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Labovitz Bruce J reported multiple insider transaction types in a Form 4 filing for BWMN. The filing lists transactions totaling 13,401 shares at a weighted average price of $33.18 per share. Following the reported transactions, holdings were 394,720 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Labovitz Bruce J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,172 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,229 | $33.18 | $107K |
Holdings After Transaction:
Common Stock — 394,720 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did BWMN’s CFO report in this Form 4?
Bowman Consulting Group’s CFO Bruce J. Labovitz reported vesting of 10,172 performance-based restricted stock units into common shares. These shares were granted under the 2021 Executive Officers Long Term Incentive Plan and vested after the company’s total stockholder return met a specified performance level.
What performance period governed the vested BWMN restricted stock units?
The vested restricted stock units were tied to total stockholder return performance from January 1, 2023 through December 31, 2025. The Compensation Committee later determined the performance outcome for this period, which drove how many shares ultimately vested for the chief financial officer.
What performance level triggered the vesting of the BWMN award?
The Compensation Committee determined that a 26.52nd percentile performance level had been achieved versus a peer group. Meeting this level resulted in the vesting of the restricted stock units into 10,172 shares of Bowman Consulting Group common stock for the chief financial officer.
Was the BWMN CFO’s acquisition an open-market stock purchase?
No, the CFO’s acquisition of 10,172 Bowman shares was a grant or award from vested restricted stock units at $0 per share. It reflected equity compensation vesting, not an open-market purchase of shares on a stock exchange or through a broker.