Duke Energy Corporation 2023 Director Compensation Program Summary
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Summary
Duke Energy Corporation has established its 2023 compensation program for outside directors, effective May 4, 2023. Under this program, outside directors receive an annual cash retainer of $125,000 and an annual stock retainer of $175,000. Additional annual retainers are provided for special roles, such as $100,000 for the non-executive Chairman, $40,000 for the Lead Director, $25,000 for the Audit Committee Chair, and $20,000 for other committee chairs. Directors may also receive an extra $10,000 if they meet certain service or attendance criteria during the year.
EX-10.6 4 duk-20230331x10qxex106.htm DUKE ENERGY CORPORATION 2023 DIRECTOR COMPENSATION PROGRAM SUMMARY Document
Effective May 4, 2023, the compensation paid to our outside directors will consist of:
Exhibit 10.6
Effective May 4, 2023, the compensation paid to our outside directors will consist of:
| Type of Fee | Fee | ||||
| Annual Board Retainer (Cash) | $125,000 | ||||
| Annual Board Retainer (Stock) | $175,000 | ||||
| Annual non-executive Chairman of the Board Retainer, if applicable | $100,000 | ||||
| Annual Lead Director Retainer, if applicable | $40,000 | ||||
| Annual Audit Committee Chair Retainer | $25,000 | ||||
| Annual Committee Chair Retainer (Other Committees) | $20,000 | ||||
Additional Annual Board Retainer (Cash) (up to one) If director meets one or more of the following during the calendar year: •Serves as a member of a special committee •Attends (in person) more than two off-site committee meetings (excluding the annual Board retreat) •Attends more than thirty (30) meetings of the Board and its regular standing committees | $10,000 | ||||
