Dynex Capital, Inc. Non-Employee Directors’ Annual Compensation Policy (Effective March 3, 2011)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for non-employee directors of Dynex Capital, Inc. Non-employee directors receive a base annual retainer, additional fees for serving as committee chairs, and per-meeting fees for attending board and committee meetings. They also receive an annual grant of 5,000 restricted shares of company stock, which vest after one year. The equity grant is awarded on the first Friday following the annual shareholders' meeting. The policy specifies the amounts and conditions for each type of compensation.

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EX-10.18 4 ex10-18.htm NON-EMPLOYEE DIRECTORS' ANNUAL COMPENSATION ex10-18.htm
Exhibit 10.18



Dynex Capital, Inc.
Non-Employee Directors’ Annual Compensation
Effective March 3, 2011


 

Annual Retainer
  
Amount
  
       
Service as a Director
   $ 36,000  
Service as Audit Committee Chair
   $ 7,000  
Service as Compensation, Nominating and Corporate Governance, and Investment Committee Chair
   $ 3,500  
         
Meeting Fees
        
         
Board and Audit Committee meetings, per meeting
   $ 1,000  
Compensation, Nominating and Corporate Governance, and Investment Committee meetings, per meeting
   $ 750  
         

Equity Compensation

Non-employee directors also receive an annual grant of 5,000 restricted shares of the Company’s common stock, which shares will vest at the end of one year.  The shares are granted on the first Friday following each year’s annual meeting of shareholders.