Trinity Industries, Inc. Director Compensation Summary Sheet (Effective 2024)

Contract Categories: Human Resources › Compensation Agreements
Summary

Trinity Industries, Inc. has set the 2024 compensation for its non-employee directors. Each director will receive an annual cash retainer of $85,000 and annual equity compensation valued at $138,000. The Independent Chairman of the Board will receive an additional $150,000 per year, payable in cash or equity. Committee chairs and members receive extra annual cash retainers, ranging from $7,500 to $20,000, depending on their committee roles. These terms were approved by the Board on December 5, 2023.

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EX-10.8 2 exh108boardcompensationsum.htm EX-10.8 Document
Exhibit 10.8
Trinity Industries, Inc.
Director Compensation
Summary Sheet as of December 5, 2023

On December 5, 2023, the Board of Directors approved the following compensation for non-employee directors, effective in 2024:

•Board member annual cash retainer - $85,000
•Board member annual equity compensation - $138,000, using share price on the date of the grant as the basis for awards
•Independent Chairman of the Board - annual retainer of $150,000, to be paid in cash and/or equity as selected by the Chairman
•Chairs of the Audit Committee and the Human Resources Committee – annual cash retainer of $20,000
•Chairs of the Corporate Governance and Directors Nominating Committee and the Finance and Risk Committee – annual cash retainer of $15,000
•Members of the Audit Committee – annual cash retainer of $10,000
•Members of the Corporate Governance and Directors Nominating Committee, the Human Resources Committee, and the Finance and Risk Committee – annual cash retainer of $7,500