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 Directors5X 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.