Trinity Industries, Inc. Director Compensation Summary Sheet (Effective 2015)

Contract Categories: Human Resources › Compensation Agreements
Summary

Trinity Industries, Inc. has set out its compensation plan for non-employee directors, effective from 2015. Non-employee directors will receive an annual retainer of $70,000 and annual equity compensation valued at $130,000, based on a 30-day average share price. Additional annual retainers of $15,000 are provided to the Presiding Director and Committee Chairs. Directors and committee members receive $2,000 for each meeting attended, and $2,000 per day for special assignments requested by company leadership.

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EX-10.23 5 exh102312312014.htm EXHIBIT 10.23 Exh 10.23 12.31.2014


Exhibit 10.23

TRINITY INDUSTRIES, INC.
DIRECTOR COMPENSATION
Summary Sheet as of December 11, 2014

On December 11, 2014, the Board of Directors approved the following compensation for non-employee directors, effective in 2015:

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Board member annual retainer - $70,000
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Annual equity compensation - $130,000, using a 30-day average share price as the basis for awards
•
Presiding Director - annual retainer of $15,000
•
Committee Chairs - annual retainer of $15,000
•
Board meeting fee - $2,000 for each meeting attended
•
Committee members - $2,000 for each meeting attended
•
Ad hoc or special assignment work performed for or at the request of the Chairman, Chief Executive Officer, and President - $2,000 per day