Lindsay Corporation Policy on Payment of Director Fees and Expenses

Ex 10.2

LINDSAY CORPORATION

POLICY ON PAYMENT OF DIRECTOR FEES AND EXPENSES

(Adopted at Board of Directors Meeting on January 25, 2000, as amended at Board of Directors Meetings

on December 5, 2003, July 13, 2004, January 29, 2007, May 4, 2007, July 2, 2008, December 1, 2011,

November 29, 2012, September 26, 2013, September 20, 2016, October 17, 2018,

October 18, 2021, October 18, 2022 and October 17, 2023)

Outside Directors who are not employees of the Company are compensated or have expenses reimbursed as follows, effective September 1, 2023:

- $80,000 Annual Fee as Director: Payment of $20,000 is made by check or electronic payment in December, March, June and September ($80,000 total). On an annual basis and prior to the annual meeting of stockholders, Directors may elect to receive some or all of their annual cash retainer in the form of restricted stock units which shall be granted at the annual meeting of stockholders along with the regular annual grant of restricted stock units.

- $75,000 Annual Fee as Chairman of Board of Directors: Payment of $18,750 is made by check or electronic payment in December, March, June and September ($75,000 total) in addition to the annual fee as a Director, if the Chairman of the Board is an outside Director; provided that the Chairman of the Board may not also receive an additional fee for serving as Chairman of any standing or special committee.

- $20,000 Annual Fee as Chairman of the Audit Committee, $15,000 Annual Fee as Chairman of the Compensation Committee and $15,000 Annual Fee as Chairman of the Corporate Governance and Nominating Committee: Payment of one-quarter of the fee is made by check or electronic payment in December, March, June and September in addition to the annual fee as a Director; provided that the annual fee to serve as the Chairman of any Committee shall not be payable if the Chairman of such Committee is also serving as Chairman of the Board of Directors.

- Lindsay will reimburse outside Directors for actual and reasonable expenses they incur associated with travel for Lindsay meetings or other Lindsay business, including first class commercial airfare (or travel by private plane for distances of less than 1,000 miles if commercial air travel is difficult or inconvenient or more than 1,000 miles if authorized or approved by the Chairman of the Board of Directors or the Chairman of the Audit Committee), car rental, taxi, parking, meals, tips and hotel expenses. Reimbursement for other expenses may be authorized or approved by the Chairman of the Board of Directors or the Chairman of the Audit Committee.

- Directors who are not employees of the Company receive annual grants of restricted stock units with an award value of $120,000 with the grant being made on the date of the annual meeting of stockholders. The number of units awarded will equal $120,000 divided by the closing stock price on the date of grant. These restricted stock units vest on November 1 following the date of grant. Directors will have the opportunity to defer some or all of their restricted stock units pursuant to the Lindsay Corporation Directors Nonqualified Deferred Compensation Plan.

- New directors who are not employees of the Company that join the Board of Directors at a time other than the annual meeting of stockholders receive a one-time grant of restricted stock units with an award value equal to the prorated amount of the last annual grant of restricted stock units based on the amount of time the new director will serve on the Board of Directors until the next annual meeting of stockholders, with the grant being made on the date of their first regular Board meeting as a director. The number of units awarded will equal the prorated amount divided by the closing stock price on the date of grant. These restricted stock units vest on the earlier of November 1 following the date of grant or the date of the next annual meeting of stockholders. For the sake of clarity, this prorated grant of restricted stock units will not apply to a new director who joins the Board of Directors at an annual meeting of the stockholders.