REV Group, Inc. Non-Employee Directors Compensation Policy
REV Group, Inc. has established a compensation policy for its non-employee directors, who are members of the Board not employed by the company or certain affiliates. These directors receive an annual cash retainer, additional fees for serving as Lead Independent Director, committee chairs, or committee members, and an annual grant of Restricted Stock Units. Payments are made quarterly. The policy outlines specific amounts for each role and clarifies eligibility based on employment and ownership status.
EXHIBIT 10.9
REV GROUP, INC. NON-EMPLOYEE DIRECTORS COMPENSATION
Compensation paid to outside directors only:
Quarterly payment in first month of each fiscal quarter:
$80,000 annual retainer fee
$25,000 annual Lead Independent Director fee
$22,500 annual Audit Committee chair fee
$15,000 annual fee for other committee chairs
$7,500 annual committee membership fee for non-chairs
Our outside directors also currently receive an annual grant of Restricted Stock Units valued at $110,000.
Outside directors are members of our Board of Directors who are neither (i) employees of REV Group, Inc. (the “Company”), or an affiliate thereof, (ii) an employee of American Industrial Partners, or an affiliate thereof, nor (iii) an employee or affiliate of any entity that owns 2% or more of the Company’s issued and outstanding share capital.
