Mastech Digital, Inc. 2024 Independent Director Compensation Summary
Mastech Digital, Inc. will pay its independent non-employee directors an annual retainer of $65,000 in 2024, with the Audit Committee Chair receiving $69,000. These directors are also eligible for the company’s Stock Incentive Plan and, in January 2024, each received 7,403 restricted shares vesting over one year. Additional fees are provided for service on special committees. Non-independent directors do not receive compensation. All directors are reimbursed for reasonable travel expenses related to board and committee meetings.
Exhibit 10.29
SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS
Independent non-employee directors of Mastech Digital, Inc. (the “Company”) will receive an annual retainer fee of $65,000 in 2024, other than the Chair of the Audit Committee who will receive an annual retainer fee of $69,000 in 2024. In addition, independent non-employee directors of the Company are eligible to participate in the Company’s Stock Incentive Plan, as amended (the “Stock Incentive Plan”). On January 30, 2024, our independent non-employee directors each received a restricted share grant under the Stock Incentive Plan of 7,403 restricted shares, which shares vest over a one-year period. Additionally, our Independent non-employee directors receive retainer and meeting fees for their service on any ad hoc special committees that are established from time to time.
Non-independent directors of the Company will not receive any compensation for their service as directors of the Company.
All of the Company’s directors are reimbursed for reasonable travel expenses incurred in connection with attending Board of Directors and committee meetings.
