2023-2024 Board of Directors Compensation Schedule
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Summary
This document outlines the compensation structure for the Board of Directors for the 2023-2024 term. It specifies annual fees for the Independent Board Chair and Non-Employee Directors, as well as additional premiums for serving as a committee chair or member. The schedule details the amounts paid for each role and assignment, with certain premiums excluded for Executive Committee members. The agreement ensures transparency in director compensation and clarifies the financial terms for board and committee service.
EX-10.46 5 pgr-20231231exhibit1046.htm EX-10.46 Document
Exhibit 10.46
Board of Directors' Compensation
Board of Directors for the 2023-2024 term:
| Board/Committee Fees | |||||
| Independent Board Chair | $485,000 | ||||
| Non-Employee Director | 300,000 | ||||
| Committee Chair Premium | |||||
| Audit Committee Chair | 35,000 | ||||
| Compensation Committee Chair | 25,000 | ||||
| Investment & Capital Committee Chair | 25,000 | ||||
| Nominating & Governance Committee Chair | 20,000 | ||||
| Technology Committee Chair | 25,000 | ||||
| First Committee Assignment Premium | |||||
| Audit Committee Member | 10,000 | ||||
Second Committee Assignment Premium1 | |||||
| Committee Member | 15,000 | ||||
1The premium is not provided to members of the Executive Committee.
