First Amendment to BJ’s Wholesale Club Holdings, Inc. Non-Employee Director Compensation Policy
This amendment updates the compensation policy for non-employee directors of BJ’s Wholesale Club Holdings, Inc. It increases the annual cash retainer, the Audit Committee fee, and the annual equity award for directors. The changes are effective as of October 1, 2020, and were approved by the Compensation Committee and adopted by the Board of Directors. All other terms of the original policy remain unchanged.
FIRST AMENDMENT
TO
BJ’S WHOLESALE CLUB HOLDINGS, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
The BJ’s Wholesale Club Holdings, Inc. Non-Employee Director Compensation Policy (the “Policy”), is hereby amended as follows:
1. Section 1. (a) is hereby amended by deleting and replacing “$85,000” with “$95,000”.
2. Section 1.(b)(ii) Audit Committee is hereby amended by deleting and replacing “$25,000” with “$30,000”.
3. Section 2.(a) is hereby amended by deleting and replacing “$140,000” with “$150,000”.
4. Except as otherwise amended, the Policy is hereby confirmed in all other respects.
5. This First Amendment is effective as of October 1, 2020 (the “Effective Date”).
Approved by the Compensation Committee September 17, 2020 Amendment Adopted by the Board of Directors on January 21, 2021
