2023 Directors’ Compensation Summary Sheet for Board Members

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2023 compensation structure for board members, including the Chairman, of the company. It details annual cash retainers for board service, additional retainers for serving as committee chairs or subgroup members, and the value of annual stock grants. The number of shares granted is determined by the fair market value on the grant date. The summary ensures transparency regarding director compensation and the structure of payments and equity awards.

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EX-10.5 3 a202210-kex105.htm EX-10.5 Document
Exhibit 10.5
Directors’ Compensation Summary Sheet - 2023
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 ¹ 155,000 285,000 
¹ Number of shares issued based upon FMV on date of grant.