Watts Water Technologies, Inc. Non-Employee Director Compensation Policy (Effective May 2, 2022)

Summary

Watts Water Technologies, Inc. has set its compensation policy for non-employee directors as of May 2, 2022. Non-employee directors receive an annual cash retainer of $85,000 and an annual grant of Class A common stock valued at $130,000. Additional cash retainers are provided for directors serving as Lead Independent Director ($25,000), Chairperson of the Audit Committee ($20,000), Chairperson of the Compensation Committee ($15,000), and Chairperson of the Nominating and Corporate Governance Committee ($12,500). No extra compensation is given for attending board or committee meetings.

EX-10.2 3 wts-20220327xex10d2.htm EX-10.2

Exhibit 10.2

WATTS WATER TECHNOLOGIES, INC.

Non-Employee Director Compensation

The annual compensation payable by Watts Water Technologies, Inc. to non-employee Directors as determined by the Board of Directors of the Corporation on May 2, 2022 is as follows:

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$85,000 annual cash retainer;

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Annual grant of Class A common stock with a fair market value on the date of grant equal to $130,000;

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The Lead Independent Director of the Board shall receive an additional annual cash retainer of $25,000;

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The Chairperson of the Audit Committee shall receive an additional annual cash retainer of $20,000;

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The Chairperson of the Compensation Committee shall receive an additional annual cash retainer of $15,000;

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The Chairperson of the and the Nominating and Corporate Governance Committee shall receive an additional annual cash retainer of $12,500; and

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There shall be no additional compensation paid for participation in Board or committee meetings.