Annual Retainer (cash)
$100,000 (paid annually)
Committee Chair Annual Retainer
• Audit Committee
$20,000 (paid annually)
• Compensation Committee
$15,000 (paid annually)
• Nominating and Governance Committee
$15,000 (paid annually)1
Non-Executive Chairman Annual Retainer
$125,000 (50% cash; 50% restricted stock units) (paid annually)
Reimbursed for travel and director education.
Annual Equity Awards
Annual grant with a present value of $125,000 made on the date of the Annual Meeting of Shareholders (vests one business day prior to subsequent annual meeting). The award is in restricted stock units, valued at the fair market value of the underlying stock on the date of grant. This award may be deferred by prior election. Taxable event occurs on vesting date, unless grant is deferred. The number of shares is rounded up to the nearest share.
All annual compensation is pro-rated for new directors.