P. H. Glatfelter Company Summary of Non-Employee Director Compensation (Effective May 4, 2017)
This document outlines the compensation structure for non-employee directors of P. H. Glatfelter Company, effective May 4, 2017. Directors receive an annual cash retainer of $70,000 and restricted stock units valued at $115,000, which vest after one year and accrue dividends until vesting. Additional annual retainers are provided for committee chairpersons, ranging from $10,000 to $20,000 depending on the committee. Directors also receive $1,500 for each board meeting attended beyond eight per year.
EXHIBIT 10.1
P. H. Glatfelter Company
Summary of Non-Employee Director Compensation
(effective May 4, 2017)
| Feature | Frequency |
| Amount |
| Board Retainer | Annually |
| $70,000 |
| Equity | Annually |
| 115,000(1) |
| Meeting fees |
|
| ‑ (2) |
| Committee Chairperson retainer |
|
|
|
| Audit Committee | Annually |
| 20,000 |
| Compensation Committee | Annually |
| 15,000 |
| Nominating & Corporate Governance Committee | Annually |
| 10,000 |
| Finance Committee | Annually |
| 10,000 |
|
|
|
|
|
|
| (1) | Value of Restricted stock units with a one-year cliff vesting. The awards accrue dividends until the award vests. |
|
| (2) | Each director is entitled to $1,500 per meeting of the Board of Directors attended in excess of eight (8) meetings in a calendar year. |
