Duke Energy Corporation 2022 Director Compensation Program Summary
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Summary
This document outlines the compensation program for outside directors of Duke Energy Corporation, effective May 5, 2022. It specifies annual cash and stock retainers, as well as additional fees for serving as Non-Executive Chairman, Lead Director, or committee chairs. Directors may also receive an extra retainer for special committee service or attending a high number of meetings. The program details the structure and amounts of compensation, ensuring transparency in how directors are paid for their roles and responsibilities.
EX-10.5 3 duk-20220321x10qxexx105.htm DUKE ENERGY CORPORATION 2022 DIRECTOR COMPENSATION PROGRAM SUMMARY Document
Exhibit 10.5
DUKE ENERGY CORPORATION DIRECTOR COMPENSATION PROGRAM SUMMARY
Effective May 5, 2022, 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 Compensation & People Development Committee Chair/Nuclear Oversight Committee Chair Retainer | $20,000 | ||||
Annual Committee Chair Retainer (Other Committees) | $15,000 | ||||
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 offsite committee meetings (excluding the annual Board retreat) - Attends more than thirty (30) meetings of the Board and its regular standing committees | $10,000 | ||||
