TravelCenters of America Inc. Director Compensation Summary
This document outlines the compensation structure for directors of TravelCenters of America Inc. Independent directors receive an annual retainer of $75,000 and all directors are granted 3,000 shares of company stock each year. Additional annual payments are provided for specific roles: $20,000 for the Lead Independent Director, $25,000 for the Audit Committee Chair, and $15,000 each for the Chairs of the Nominating and Governance Committee, Compensation Committee, and the Board Liaison to the Gaming Compliance Committee. Directors are also reimbursed for travel and certain education-related expenses.
Exhibit 10.1
TRAVELCENTERS OF AMERICA INC.
Summary of Director Compensation
| Annual Retainer for each Independent Director: | $75,000 | |
| Share Grants for all Directors: | 3,000 shares of the Company’s common stock annually to be granted to each Director on the day of the first board meeting following the Annual Meeting of Stockholders (or, for Directors who are first elected or appointed at other times, on the day of the first board meeting attended) | |
| Lead Independent Director: | $20,000 per year | |
| Chair of the Audit Committee: | $25,000 per year | |
| Chair of the Nominating and Governance Committee: | $15,000 per year | |
| Chair of the Compensation Committee: | $15,000 per year | |
| Board Liaison to the Gaming Compliance Committee: | $15,000 per year |
The Company generally reimburses all Directors for travel expenses incurred in connection with their duties as Directors and for out of pocket costs incurred in connection with their attending certain continuing education programs.
