Equity Commonwealth Schedule of Annual Independent Trustee Fees and Compensation (Effective June 13, 2023)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for independent trustees of Equity Commonwealth, effective June 13, 2023. Trustees receive a $70,000 cash retainer and an annual equity award valued at $120,000, which vests after one year. Additional retainers are provided for trustees serving as Lead Trustee or as chairs or members of key committees. Trustees are also reimbursed for travel expenses related to board or committee meetings.

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EX-10.2 2 eqc63023exhibit102.htm EX-10.2 Document

Exhibit 10.2

EQUITY COMMONWEALTH

Schedule of Annual Independent Trustee Fees and Other Compensation

The independent trustees of Equity Commonwealth are entitled to the following annual compensation effective June 13, 2023:
Annual Retainer - Cash $70,000
Annual Retainer - Equity AwardsEach independent trustee will receive, at the trustee's option, restricted common shares of EQC or time-based LTIP units in EQC Operating Trust, with a value of $120,000 on an annual basis, which shares or units will vest on the one-year anniversary of the grant date.
Lead Trustee Annual Retainer$45,000
Audit Committee Chair Annual Retainer$25,000
Compensation Committee Chair Annual Retainer$16,250
Nominating and Corporate Governance Committee Chair Annual Retainer$15,000
Audit Committee Member$12,500
Compensation Committee Member$7,500
Governance Committee Member$7,500
ReimbursementsEach independent trustee will be entitled to reimbursement for travel expenses related to a Board or Committee meeting.