Trinity Industries, Inc. Director Compensation Summary Sheet (Effective 2023)
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
Trinity Industries, Inc. has set out its compensation plan for non-employee directors, effective in 2023. Non-employee board members 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 a $150,000 annual retainer, payable in cash or equity. Additional cash retainers are provided for committee chairs and members, with amounts varying by committee. This summary outlines the compensation structure approved by the Board of Directors on December 26, 2022.
EX-10.8 4 exhibit108-directorfeesumm.htm EX-10.8 Document
Exhibit 10.8
TRINITY INDUSTRIES, INC.
DIRECTOR COMPENSATION
Summary Sheet as of December 26, 2022
On December 26, 2022, the Board of Directors approved the following compensation for non-employee directors, effective in 2023:
•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 Audit Committee and Human Resources Committee – annual cash retainer of $20,000
•Chairs of Corporate Governance and Directors Nominating Committee and Finance and Risk Committee – annual retainer of $15,000
•Members of the Audit Committee – annual cash retainer of $10,000
•Members of the Corporate Governance and Directors Nominating Committee, Human Resources Committee, and Finance and Risk Committee – annual cash retainer of $7,500
