Revisions to Non-Employee Director Compensation Program for United Rentals
United Rentals has updated its compensation program for non-employee directors. The annual cash retainer for these directors will increase from $55,000 to $60,000. Additionally, the annual equity grant will rise from $45,000 to $60,000 in fully vested restricted stock units (RSUs), which are generally paid after three years. These changes apply to non-employee members of the board and are not set forth in a formal contract document.
Exhibit 10(d)
Revision to Compensation Program for Non-Employee Directors
Below is a summary written description of material changes to the terms of the compensation program for non-employee directors. The compensation program is not set forth in a formal document.
Annual Board Retainer. The annual cash retainer will be increased from $55,000 to $60,000.
Annual Equity Grant. Directors will receive $60,000, increased from $45,000, in fully vested RSUs, to generally be paid after three years.
