Summary of Non-Employee Director Compensation for Whiting Petroleum Corporation
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EX-10.12 3 wll-20200930ex1012e9ca9.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION
Exhibit 10.11
Director Compensation
Effective September 1, 2020, non-employee director compensation is paid in cash in quarterly installments in advance as follows:
| | | | | | | | Committee Service | ||||||||||
| | | | | | | | | | | | | | Nominating | | | | |
| | Board | | | | | | | | | | and | | | | |||
|
| Service |
| Chairman |
| Audit |
| Compensation |
| Governance | | Sustainability | ||||||
Annual retainer (1) | | $ | 80,000 | | $ | 100,000 | | $ | — | | $ | — | | $ | — | | $ | — |
Equity-based awards (2) | |
| 165,000 | |
| — | |
| — | |
| — | |
| — | | | — |
Committee chair annual retainer (1) | |
| — | |
| — | |
| 25,000 | |
| 10,000 | |
| 10,000 | | | 10,000 |
Committee member annual retainer (1) | |
| — | |
| — | |
| 10,000 | |
| 5,000 | |
| 5,000 | | | 5,000 |
(1)Payable in quarterly installments in arrears
(2)Grant date value
