P. H. Glatfelter Company
Summary of Non-Employee Director Compensation
(effective January 1, 2005)
Type | Frequency | Amount | ||||||
Board Retainer (1) | Annually | $ | 22,000 | |||||
Committee chairperson retainer | Annually | 4,000 | ||||||
Board retreat | Annually | 1,500 | ||||||
Board or committee meetings | Per meeting | 1,000 | ||||||
Other: Restricted Stock Units (2) | Annually | 15,000 |
(1) | Annual retainer two-thirds of which will consist of shares of Glatfelter common stock and one-third in cash. |
(2) | Restricted stock units with a grant-date value of $15,500 vesting ratably over a three year period. |