nVent Electric plc Non-Employee Director Compensation Policy
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.1 2 ex101non-employeedirectorc.htm EX-10.1 Document
Exhibit 10.1
nVent Electric plc Non-Employee Director Compensation
Non-employee director compensation is as follows:
| Board Retainer: | $85,000 | |||||||||||||
Committee Retainers | ||||||||||||||
| Audit and Finance: | $12,500 | |||||||||||||
| Compensation and Human Capital: | $7,500 | |||||||||||||
| Governance and Social Responsibility: | $7,500 | |||||||||||||
| Chairman, Lead Director and Committee Chair Retainers | ||||||||||||||
| Non-executive Chair: | $140,000 | |||||||||||||
| Lead Director: | $30,000 | |||||||||||||
| Audit and Finance Committee Chair: | $20,000 | |||||||||||||
| Compensation and Human Capital Committee Chair: | $15,000 | |||||||||||||
| Governance and Social Responsibility Committee Chair: | $15,000 | |||||||||||||
Equity Compensation | $145,000* | |||||||||||||
*Equity compensation will increase to $150,000 effective for grants to be made following the 2024 annual general meeting.
Grants to be made on the date of the Company’s annual general meeting.
Grant made in the form of restricted stock units – vest on the date of the Company’s first annual general meeting of shareholders following the grant date, provided that if such date is less than 50 weeks after the grant date then the restricted stock units will vest on the date that is the first anniversary of the grant date.
•Share withholding will be allowed to cover taxes on restricted stock unit vesting. | ||
•Directors will be restricted from selling nVent ordinary shares until they meet the stock ownership guideline (5 times board retainer). | ||
