Non-Employee Director Compensation Overview Effective with 2021-2022 Term
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.1 2 spr_20210701-ex101.htm EX-10.1 Document
Exhibit 10.1
Annual Nonemployee Director Compensation Overview
| Board Service | |||||
| Cash Retainer | $110,000 (Cash) | ||||
| Equity Award | $135,000 (Restricted Stock or RSUs*) | ||||
| Additional Cash Retainers for Board Leadership | |||||
| Nonexecutive Chairman of the Board | $115,000 | ||||
| Audit Committee Chair | $26,000 | ||||
| Compensation Committee Chair | $21,000 | ||||
| Corporate Governance and Nominating Committee Chair | $15,000 | ||||
| Risk Committee Chair | $15,000 | ||||
| Stock Ownership Guidelines | |||||
| Nonemployee Directors | 5X Annual Cash Retainer** | ||||
* RSUs are deferred until separation from the Board
** A nonemployee Director is expected to reach the stock ownership guideline four years from the date the individual is first elected to the Board.
