Summary of Non-Employee Director Compensation for Whiting Petroleum Corporation

EX-10.3 3 wll-20171231xex10_3.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 103

Exhibit 10.3

Director Compensation

Effective January 1, 2018, non-employee director compensation is as follows:



 

 

 

 

 

 



 

 

 

 

 

Committee Service



 

 

 

 

 

 

 

 

 

Nominating



 

Board

 

Lead

 

 

 

 

 

and



 

Service (1)

 

Director

 

Audit

 

Compensation

 

Governance

Annual retainer

 

$

 65,000 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Restricted stock (value), one year vesting

 

 

 157,500 

 

 

- 

 

 

 -

 

 

 -

 

 

 -

Lead annual retainer

 

 

-

 

 

 20,000 

 

 

-

 

 

-

 

 

-

Lead restricted stock (value)

 

 

-

 

 

 15,000 

 

 

-

 

 

-

 

 

-

Committee chair annual retainer

 

 

 -

 

 

 -

 

 

 25,000 

 

 

 15,000 

 

 

 15,000 

Committee chair restricted stock (value)

 

 

 -

 

 

 -

 

 

 25,000 

 

 

 15,000 

 

 

 15,000 

Committee member annual retainer

 

 

 -

 

 

-

 

 

 10,000 

 

 

 5,000 

 

 

 5,000 

Meeting fee

 

 

 1,500 

 

 

 -

 

 

 1,500 

 

 

 1,500 

 

 

 1,500 

                                

(1)James J. Volker will serve as a non-executive Chairman of the Board until the 2018 annual meeting of stockholders, for which he will be paid cash compensation at an annual rate equal to $268,000, payable monthly, in addition to standard board service meeting fees.