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 $27,000 (paid two-thirds in company stock and one-third in cash), with an extra $5,000 if serving as a committee chair. Directors are also paid $2,000 for attending the annual board retreat, $1,500 per board meeting, and $1,000 per committee meeting. Additionally, each director receives an annual Restricted Stock Unit award valued at $15,500, which vests over three years.
EX-10.(R) 12 w47335exv10wxry.txt SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION 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 $27,000 (two-thirds in shares of Glatfelter common stock and one-third in cash) and an additional $5,000 annual retainer if the non-employee director serves as chairperson of a committee of the board of directors. Each non-employee director will also receive $2,000 for attending the annual board retreat, $1,500 for each attended board meeting and $1,000 for each attended committee meeting. In addition, each non-employee director will receive an annual Restricted Stock Unit award valued at $15,500 that will vest ratably over a three-year period.
