Atlantic Union Bankshares Corporation Non-Employee Directors’ Annual Compensation Schedule (Effective January 1, 2020)

Summary

This document outlines the annual compensation for non-employee directors of Atlantic Union Bankshares Corporation, effective January 1, 2020. It specifies cash retainers for board and committee service, additional fees for chair roles, meeting fees, and an annual stock retainer. Non-employee directors receive cash payments for their roles and responsibilities, as well as $50,000 in company stock each year, paid quarterly. Retainer fees are paid in advance. The schedule details compensation for various board and committee positions and meeting participation.

EX-10.13 10 ex-10d13.htm EX-10.13 aub_Exhibit 10.13

Exhibit 10.13

SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION

ATLANTIC UNION BANKSHARES CORPORATION

Effective January 1, 2020






	Amount
Annual Retainer Cash Fees (1)
Service as a Director	$35,000
Service as Chairman of the Board of Directors	$80,000 (additional)
Service as Vice Chairman of the Board of Directors	$20,000 (additional)
Service as Chairman of Audit Committee	$20,000 (additional)
Service as Chairman of Compensation Committee	$13,500 (additional)
Service as Chairman of Risk Committee	$15,000 (additional)
Service as Chairman of Nominating and Corporate Governance Committee	$10,000 (additional)
Service as Chairman of Trust Committee	$10,000 (additional)
Members of Audit, Compensation, Risk, Nominating and Corporate Governance and Trust Committees	$8,000 (additional)

Meeting Fees Per Meeting
Executive Committee (in person)	$1,000
Executive Committee (telephonic lasting under an hour)	$500
Meetings above the maximum number of meetings during the year	$1,000

Equity Compensation
In addition to cash compensation, non-employee directors receive an annual stock retainer of $50,000 paid quarterly in advance in unrestricted shares of the Company’s common stock.

(1) The retainer fees are payable in advance in quarterly installments.