SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
ATLANTIC UNION BANKSHARES CORPORATION
Effective January 1, 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount |
|
Annual Retainer Cash Fees (1) |
|
|
Service as a Director |
$35,000 |
|
Service as Chairman of the Board of Directors |
$80,000 (additional) |
|
Service as Vice Chairman of the Board of Directors |
$20,000 (additional) |
|
Service as Chairman of Audit Committee |
$20,000 (additional) |
|
Service as Chairman of Compensation Committee |
$13,500 (additional) |
|
Service as Chairman of Risk Committee |
$15,000 (additional) |
|
Service as Chairman of Nominating and Corporate Governance Committee |
$10,000 (additional) |
|
Service as Chairman of Trust Committee |
$10,000 (additional) |
|
Members of Audit, Compensation, Risk, Nominating and Corporate Governance and Trust Committees |
$8,000 (additional) |
|
|
|
|
Meeting Fees Per Meeting |
|
|
Executive Committee (in person) |
$1,000 |
|
Executive Committee (telephonic lasting under an hour) |
$500 |
|
Meetings above the maximum number of meetings during the year |
$1,000 |
|
|
|
|
Equity Compensation |
|
|
In addition to cash compensation, non-employee directors receive an annual stock retainer of $50,000 paid quarterly in advance in unrestricted shares of the Company’s common stock. |
|
|
|
|
|
(1) The retainer fees are payable in advance in quarterly installments.
|
|