Summary of Director Compensation for State Bank Financial Corporation Non-Employee Directors
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Summary
This document outlines the compensation for non-employee directors of State Bank Financial Corporation. Non-employee directors receive an annual retainer of $40,000, additional fees for attending board and committee meetings, and an extra $10,000 annual retainer for certain committee chairs. They also receive 1,200 shares of restricted stock each year, which vest at the next annual shareholders meeting. Directors who are employees do not receive extra compensation for board service.
EX-10.5 2 stbz_exhibit105x2016x10k.htm EXHIBIT 10.5 Exhibit
Exhibit 10.5
SUMMARY OF DIRECTOR COMPENSATION
OF
STATE BANK FINANCIAL CORPORATION
Directors who are employees of State Bank Financial Corporation (the “Company”) do not receive additional compensation for serving as directors of the Company. The following table sets forth current rates of cash compensation for the Company’s non-employee directors.
Annual retainer | $40,000 (payable in quarterly installments) |
Fee for attending each Board meeting in person | $1,000 |
Fee for attending each Board meeting by telephone | $500 |
Fee for attending each Committee meeting in person or by telephone | $500 |
Additional annual retainer for Chairs of the Audit Committee, Independent Directors Committee and Risk Committee | $10,000 (payable in quarterly installments) |
Each non-employee director also receives a grant of 1,200 shares of restricted stock on the date of each annual meeting of shareholders. The shares vest in full on the date of the next annual meeting of shareholders following the date of grant.
