P.H. Glatfelter Company Non-Employee Director Compensation Policy
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Summary
P.H. Glatfelter Company has established a compensation policy for its non-employee directors. Each director receives an annual retainer of $35,000 (paid partly in company stock and partly in cash), with additional annual fees for serving as chairperson of certain board committees. Directors also receive fees for attending meetings and the annual board retreat. Additionally, each non-employee director is granted restricted stock units valued at $30,000, which vest over three years.
EX-10.(R) 6 w77554exv10wxry.htm EXHIBIT 10(R) exv10wxry
EXHIBIT 10(r)
NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
P.H. Glatfelter Company (the “Company”) pays fees to each non employee director of the Company. Each non-employee director receives an annual retainer fee of $35,000 (two-thirds in shares of Glatfelter common stock and one-third in cash) and an additional $10,000 annual retainer if the non-employee director serves as chairperson of either the Audit Committee or the Compensation Committee of the board of directors. Each non-employee director receives an additional $5,000 if they serve as chairperson of either the Finance Committee or the Nominating and Corporate Governance Committee. Each non-employee director will also receive $2,000 for attending the annual board retreat, and $1,500 for each attended board or committee meeting. In addition, each non-employee director will receive an annual Restricted Stock Unit award valued at $30,000 that will vest ratably over a three-year period.
