Westwood Holdings Group, Inc. 2012 Director Compensation Schedule
Westwood Holdings Group, Inc. outlines its 2012 compensation for non-employee directors, including an annual retainer, fees for attending board and committee meetings, and an additional retainer for the Audit Committee Chairman. Non-employee directors also receive 1,500 restricted shares of common stock upon election or re-election, which vest after about 12 months. The company periodically reviews these compensation arrangements.
Exhibit 10.21
SCHEDULE OF DIRECTOR COMPENSATION
For 2012, Westwood Holdings Group, Inc. paid each non-employee member of our Board of Directors a $20,000 annual retainer, $5,000 for each regularly scheduled quarterly meeting of the Board of Directors attended by the member and $5,000 per board or committee meeting attended other than regularly scheduled quarterly meetings. The Chairman of the Audit Committee receives an additional $5,000 annual retainer. Additionally, upon the date of election or re-election as a member of our Board of Directors, each non-employee director is awarded 1,500 restricted shares of our common stock, which vest approximately 12 months from the date of grant. We review our compensation arrangement for directors from time to time.
