2022 Directors’ Compensation Summary Sheet for Board Members and Chairman

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2022 compensation structure for board members and the Chairman of the Board. It specifies annual cash retainers for board service, additional retainers for serving as committee chairs or subgroup members, and annual stock grants. The Chairman receives higher compensation than other board members, and the value of the Chairman’s stock grant is set to increase in 2023. The number of shares granted is determined by the fair market value on the grant date.

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EX-10.26 2 a202110-kex1026.htm EX-10.26 Document
Exhibit 10.26
Directors’ Compensation Summary Sheet - 2022
Board MembersChairman of the Board
Annual Retainer115,000 215,000 
Committee Chairs
Audit Committee27,500 
Human Capital & Compensation Committee22,500 
Investment Committee22,500 
Nominating & Governance Committee22,500 
Risk Committee22,500 
Transaction Review Subgroup Committee Retainer10,000 
Cyber & Technology Subgroup Committee Retainer10,000 
Stock Grants ¹ ²155,000 280,000 
¹ Number of shares issued based upon FMV on date of grant.
² Chairman of the Board Stock Grant will increase to $285,000 in 2023