SUMMARY OF DIRECTOR COMPENSATION OF STATE BANK FINANCIAL CORPORATION
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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 Chair of the Audit Committee and Chair of the Independent Directors Committee | $10,000 (payable in quarterly installments) |
Additional annual retainer for Chair of the Banking Policy Committee | $4,000 (payable in quarterly installments) |
Additional annual retainer for Committee members of the Banking Policy Committee | $3,000 (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.
