Summary of Director Compensation for State Bank Financial Corporation Non-Employee Directors
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
State Bank Financial Corporation outlines compensation for its non-employee directors. These directors receive an annual retainer of $40,000, paid quarterly, plus fees for attending board and committee meetings. Additional annual retainers of $10,000 are provided to chairs of certain committees. Non-employee directors also receive 1,000 shares of restricted stock after each annual shareholder meeting, which vest at the next annual meeting. Employee directors do not receive extra compensation for board service.
EX-10.25 2 summaryofdirectorcompensat.htm EX-10.25 SummaryofDirectorCompensation
Exhibit 10.25
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 1,000 shares of restricted stock on the first business day following 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.
