Summary of Non-Employee Director Compensation for Allegheny Technologies Incorporated

Summary

This document outlines the compensation plan for non-employee directors of Allegheny Technologies Incorporated. Directors receive an annual retainer of $60,000, meeting fees, and additional compensation for committee participation and chair roles. They are also granted 1,000 stock options annually. Directors are expected to own company stock valued at least twice their annual retainer within five years. A discontinued fee continuation plan provides certain retired directors with annual payments based on past service. The plan encourages directors to acquire company stock and sets clear compensation and stock ownership guidelines.

EX-10.20 4 j1230201exv10w20.txt EXHIBIT 10.20 Exhibit 10.20 Summary of Non-Employee Director Compensation - ------------------------------------------------------------------------------ Annual Retainer $60,000 Directors are encouraged to consider acquiring more than minimum 25% of fee in stock required under Non-Employee Director Stock Compensation Plan - ------------------------------------------------------------------------------ Meeting Fee $1,500 - ------------------------------------------------------------------------------ Committee Meeting Fee $1,000 - ------------------------------------------------------------------------------ Chair Annual Retainer Fee $5,000 - ------------------------------------------------------------------------------ Options 1,000 shares annually - ------------------------------------------------------------------------------ Fee Continuation Plan Frozen and discontinued. For directors in office on December 31, 2004: Upon retirement, will receive annual cash payment equal to annual retainer fee of $28,000 for each year of service at end of 2004, up to maximum of 10 years. - ------------------------------------------------------------------------------ Stock Ownership Guidelines Directors are expected to own shares of ATI Common Stock having a market value of at least two times the annual retainer amount within five years, or within five years of first becoming a director, whichever occurs first, and at least three times the annual retainer amount within a reasonable time thereafter. - ------------------------------------------------------------------------------