Summary of director and executive officer compensation arrangements

In addition to the compensation arrangements filed as other exhibits to this annual report, Pyxus International, Inc. (the “Company”) has the following compensation arrangements with its directors and named executive officers.

Directors who are employees of the Company or its subsidiaries or who serve as paid consultants to the Company are not compensated for their services as director. Non-employee directors receive an annual cash retainer paid in quarterly installments. As of June 1, 2019, such retainer payments for all non-employee directors, were based on the following schedule:

The board of directors sets the annual base salary for each of the Company’s chief executive officer, chief financial officer and its three other most highly compensated executive officers, based on fiscal 2019 total compensation (such five officers, the “named executive officers”). As of June 1, 2019, the annual base salary rates for the named executive officers were as follows: