Mastech Digital, Inc. Summary of Director Compensation Arrangements (2021)
Mastech Digital, Inc. outlines its 2021 compensation for independent non-employee directors, who receive an annual retainer of $65,000, except for the Audit Committee Chair, who receives $69,000. These directors are also eligible for the company's Stock Incentive Plan and, in 2021, each received 3,985 restricted shares vesting over one year. Non-independent directors do not receive compensation for board service. All directors are reimbursed for reasonable travel expenses related to board and committee meetings.
Exhibit 10.23
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 2021, other than the Chair of the Audit Committee who will receive an annual retainer fee of $69,000 in 2021. 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, 2021, our independent non-employee directors each received a restricted share grant under the Stock Incentive Plan of 3,985 restricted shares, which shares vest over a one-year period.
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.
