Hub Group, Inc. 2012 Non-Employee Director Compensation Program
Hub Group, Inc. set its 2012 compensation for non-employee directors at a $75,000 annual retainer, paid quarterly, plus reimbursement for committee meeting expenses. Directors who are also company employees do not receive this compensation. Additionally, each independent director was granted 5,000 shares of restricted stock in January 2012, which will vest over three years.
EXHIBIT 10.6
Hub Group, Inc.
Directors’ Compensation For 2012
Directors’ Compensation
Each non-employee director receives an annual retainer fee of $75,000 in 2012, paid in quarterly installments. In addition, expenses are paid for attendance at each Committee meeting. Directors who are also officers or employees of the Company receive no compensation for duties performed as a director.
Stock Plan
The Company makes periodic grants of restricted stock to the directors. In connection with their 2012 compensation package, each independent director received 5,000 shares of restricted stock in January 2012. These shares vest over three years.
