Gary E. Kramer

President and Chief Executive Officer at BARRETT BUSINESS SERVICES

Board

Since March 5, 2020

Education

Earned a Bachelor of Science degree in Business Administration with a specialization in Finance from Rowan University and an MBA with a specialization in Accounting from Drexel University.

Tenure

Joined BBSI on August 1, 2016 as Vice President of Finance, served as Chief Financial Officer and Principal Accounting Officer, and was promoted to President and Chief Executive Officer on March 5, 2020.

Also at BARRETT BUSINESS SERVICES

AJH

Anthony J. Harris

Treasurer

GRB

Gerald R. Blotz

Executive Vice President and Chief Operating Officer (COO)

JRP

James R. Potts

Executive Vice President, General Counsel, and Secretary

About

Gary E. Kramer began his career at BBSI on August 1, 2016, joining as Vice President of Finance. Over time, he expanded his responsibilities by serving as the company's Chief Financial Officer and Principal Accounting Officer, which paved the way for his promotion to President and Chief Executive Officer on March 5, 2020.

Prior to his tenure at BBSI, he accumulated 12 years of industry experience at Chubb Limited, where he held key leadership roles, including Senior Vice President for Global Services and Divisional Financial Officer of ACE Financial Solutions, Inc..

His academic background, which includes a Bachelor of Science from Rowan University and an MBA from Drexel University, has provided him with a solid foundation in finance and accounting.

While specific personal details outside of his educational and professional accomplishments are not provided, his career reflects a strong blend of financial expertise and leadership, contributing to the growth and operational success of BBSI.

$BBSI Performance Under Gary E. Kramer

Past Roles

Organization	Role	Date Range	Details
Barrett Business Services, Inc.	Chief Financial Officer / Principal Accounting Officer	Aug 1, 2016 – Mar 5, 2020	Promoted from Vice President – Finance; served until his election as President & CEO
Barrett Business Services, Inc.	Vice President – Finance	Aug 1, 2016 – Promotion to CFO	Joined BBSI as Vice President – Finance
Chubb Limited (formerly ACE Limited)	Senior Vice President for Global Services	2013 – 2016 (approx.)	Led the Global Services team to support multinational customer needs and managed complex underwriting and servicing requirements
ACE Financial Solutions, Inc.	Divisional Financial Officer	Prior to 2013	Held the role before his appointment as Senior Vice President at Chubb Limited

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$814,115	Annually	Fixed annual base salary
RSU Awards	$1,308,959 [calculation: $1,926,165 - $617,206]	As per RSU vesting schedule	Portion of Stock Awards attributed to RSUs; valued using the closing price on the grant date
Nonqualified Deferred Compensation Earnings	$184,189	Per plan terms	Earnings from the Barrett Business Services NDCP
All Other Compensation	$106,230	Per plan terms	Includes employer contributions to the 401(k) plan and other personal benefits

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Compensation

Metric	Target	Actual	Threshold	Maximum	Payout (%)
Gross Billings Growth	7.40%	4.36%	5.18%	10.36%	0%
Net Income	$43,081,575	$50,612,451	$36,619,339	$51,697,890	187%
Gross Margin as % of Gross Billings	3.00%	3.14%	2.85%	3.20%	170%

Target Bonus Amount: $205,750
Actual Payout: $735,356

Performance Stock Units (PSUs)

Metric	Value
Performance Metrics	Equally weighted between gross billings and net income before taxes
Threshold Award	6,890 shares
Target Award	13,780 shares
Maximum Award	27,561 shares
Adjustment	2.5% per 1% deviation from target
Vesting Schedule	3-year vesting ending December 31, 2025
Grant Date	March 10, 2023
Grant Date Fair Value	$617,206
Grant Date Stock Price	Not provided

This section details the performance compensation for 2023 covering both the cash-based Non-Equity Incentive Plan Compensation and the equity-based Performance Stock Units. The Non-Equity Incentive Plan includes detailed corporate performance metrics (Gross Billings Growth, Net Income, and Gross Margin) along with both target and actual results leading to payouts, while the PSUs are contingent on achieving specific performance thresholds with clearly defined share awards and vesting conditions.