Summary of Fluor Corporation Non-Management Director Compensation
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EX-10.25 3 ex1025q42022.htm EX-10.25 Document
Exhibit 10.25
Summary of Fluor Corporation Non-Management Director Compensation
Cash Compensation
| Annual Retainer: | $ | 130,000 | |||
| Annual Committee Chair Retainer: | |||||
| Audit Committee Chair: | $ | 20,000 | |||
| Commercial Strategies and Operational Risk Committee Chair: | $ | 15,000 | |||
| Governance Committee Chair: | $ | 15,000 | |||
| Organization and Compensation Committee Chair: | $ | 15,000 | |||
| Lead Independent Director Retainer: | $ | 35,000 | |||
| Non-Committee Chair Member of the Executive Committee: | $ | 10,000 | |||
Retainers are paid quarterly in cash and can be deferred at the director’s election under the Fluor Corporation 409A Director Deferred Compensation Program (the “Deferred Compensation Program”).
Equity Compensation
Each non-management director receives an annual grant of restricted stock units with a total market value of $170,000. The grant is made on the date of the annual meeting of shareholders. Non-management directors joining the Board after the date of the annual meeting receive a pro rata award on the date of their appointment to the Board. The restricted stock units vest immediately upon grant. Directors can defer such units at their election under the Deferred Compensation Program.
Other Information
Fluor Corporation reimburses non-management directors for their travel and related expenses in connection with attending Board meetings and Board-related activities. Directors also receive life insurance ($75,000 in coverage) and business travel accident insurance ($250,000 in coverage). Directors’ charitable contributions that meet the guidelines of the Company’s employee charitable matching gift program are eligible for matching funds from the Company in an amount up to $15,000 per year.
