Board of Directors Compensation Schedule for May 2024–May 2025 Term

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for the Board of Directors for the term from May 2024 to May 2025. It specifies annual fees for the Chairperson ($565,000) and non-employee directors ($325,000), as well as additional premiums for chairing or serving on various committees. The Chairperson's fee includes compensation for chairing the Nominating and Governance Committee and a second committee assignment. Certain committee assignment premiums are not available to Executive Committee members.

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EX-10.46 3 pgr-20241231exhibit1046.htm EX-10.46 Document

Exhibit 10.46

Board of Directors' Compensation

Board of Directors for the May 2024 - May 2025 term:
Board/Committee FeesCompensation
Chairperson of the Board1
$565,000
Non-Employee Director325,000 
Committee Chair Premium
Audit Committee Chair40,000 
Compensation and Talent Committee Chair30,000 
Investment and Capital Committee Chair30,000 
Nominating and Governance Committee Chair25,000 
Technology Committee Chair30,000 
First Committee Assignment Premium
Audit Committee Member10,000 
Second Committee Assignment Premium2
Committee Member15,000 
1 The Chairperson of the Board fees includes fee for the Chair of the Nominating and Governance Committee and the Second Committee Assignment Premium.
2 The premium is not provided to members of the Executive Committee.