Bowman Consulting HR chief's awards convert at $43
Bowman Consulting Group Ltd. (BWMN) Chief HR Officer Mary Kay Gribbons reported acquiring 7,508 shares associated with performance-based restricted stock units and disposing of 150,500 shares subject to restricted stock awards on November 6, 2026.
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Rhea-AI Filing Summary
Bowman Consulting Group Ltd. (BWMN) Chief HR Officer Mary Kay Gribbons reported acquiring 7,508 shares associated with performance-based restricted stock units and disposing of 150,500 shares subject to restricted stock awards on November 6, 2026. Immediately before the merger, the units vested based on awarded shares rather than performance levels, and the awards vested free of restrictions; both were canceled and converted into rights to receive $43.00 per share in cash, without interest and subject to applicable tax withholding.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 7,508 | -- | -- |
| Disposition | Common Stock F1, F2, F3 | 150,500 | -- | -- |
Footnotes (3)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of August 10, 2026 (the "Merger Agreement"), by and among Bowman Consulting Group Ltd. (the "Company"), Prive Parent, Inc. ("Parent"), and Prive Merger Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of Parent, on November 6, 2026, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation, and each share of Company common stock, par value $0.01 per share (each, a "Share"), outstanding immediately prior to the effective time of the Merger (the "Effective Time") (other than certain excluded Shares) was automatically canceled and converted into the right to receive $43.00 in cash, without interest and subject to any applicable tax withholding (the "Merger Consideration").
- F2. Immediately prior to the Effective Time, each outstanding Company performance-based restricted stock unit (each, a "PRSU") granted to the Reporting Person became fully vested with respect to that number of Shares awarded and not the achievement of performance levels, and each such PRSU was automatically canceled and converted into the right to receive the Merger Consideration with respect to each Share underlying such PRSU.
- F3. Immediately prior to the Effective Time, each outstanding Company restricted stock award (each, an "RSA") granted to the Reporting Person became fully vested and free of restrictions and were subsequently canceled and converted, in accordance with the terms of the Merger Agreement, into the right to receive, in respect of each Share subject to such RSA, the Merger Consideration in cash, without interest.
Key Figures
Key Terms
performance-based restricted stock unit financial
restricted stock award financial
Merger Consideration financial
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