SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION
OF
ATLANTIC UNION BANKSHARES CORPORATION
Effective October 1, 2021
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| Amount |
Annual Retainer Cash Fees (1) |
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Service as a Director (2) | $45,000 |
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 | $22,500 (additional) |
Service as Chairman of Compensation Committee | $16,000 (additional) |
Service as Chairman of Risk Committee | $16,000 (additional) |
Service as Chairman of Nominating and Corporate Governance Committee | $14,000 (additional) |
Service as Chairman of Trust Committee | $14,000 (additional) |
Members of Audit Committee | $11,000 (additional) |
Members of Compensation, Risk, Nominating and Corporate Governance and Trust Committees | $8,000 (additional) |
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Meeting Fees Per Meeting |
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Executive Committee (in person or telephonic) | $1,000 |
Executive Committee (telephonic lasting under an hour) | $500 |
Meetings above the maximum number of meetings during the year | $1,000 |
Special Purpose Committees | $500 |
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Equity Compensation |
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In addition to cash compensation, non-employee directors receive an annual stock retainer of $60,000 paid quarterly in advance in unrestricted shares of the Company’s common stock. | |
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(1) The retainer fees are payable in advance in quarterly installments. |
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(2) Non-employee directors may elect to receive all or a portion of the Director cash retainer in unrestricted shares of the Company’s common stock. | |