Trinity Industries, Inc. Director Compensation Summary Sheet (Effective 2012)
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Summary
This document outlines the compensation structure for directors of Trinity Industries, Inc., effective as of 2012. Directors receive an annual cash retainer of $60,000 and annual equity compensation valued at $120,000. Additional annual retainers are provided for specific leadership roles, such as Presiding Director and committee chairs. Directors also receive fees for attending board and committee meetings, as well as for special assignments. The compensation plan was approved by the Board of Directors on December 8, 2011.
EX-10.23 3 trnexhibit102312312012-dis.htm EXHIBIT 10.23 TRN Exhibit 10.23 12.31.2012 - Disc Ops
Exhibit 10.23
TRINITY INDUSTRIES, INC.
DIRECTOR COMPENSATION
Summary Sheet as of December 8, 2011
On December 8, 2011, the Board of Directors approved the following compensation for directors, effective in 2012:
• | Board member annual retainer - $60,000 |
• | Annual equity compensation - $120,000, using a 12 month average share price as the basis for awards |
• | Presiding Director - annual retainer of $15,000 |
• | Audit Committee Chair - annual retainer of $15,000 |
• | Human Resources Committee Chair - annual retainer of $10,000 |
• | Finance and Risk Committee Chair - annual retainer of $10,000 |
• | Corporate Governance and Directors Nominating Committee Chair - annual retainer of $7,500 |
• | 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 |
