Watts Water Technologies, Inc. Non-Employee Director Compensation Policy (2018)

Summary

Watts Water Technologies, Inc. has set its 2018 compensation policy for non-employee directors. Each non-employee director receives a $75,000 annual cash retainer and an annual grant of Class A common stock valued at $110,000. Additional cash retainers are provided to the Chairpersons of the Board ($90,000), Audit Committee ($20,000), Compensation Committee ($15,000), and Nominating and Corporate Governance Committee ($12,500). No extra compensation is given for attending board or committee meetings.

EX-10.11 2 wts-20181231ex1011c3a24.htm EX-10.11 wts_Ex10_11

Exhibit 10.11

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 November 1, 2018 is as follows:

$75,000 annual cash retainer;

Annual grant of Class A common stock with a fair market value on the date of grant equal to $110,000;

The Chairperson of the Board shall receive an additional annual cash retainer of $90,000;

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

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

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

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