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FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT
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Non-management director compensation refers to the remuneration and benefits provided to directors who are not part of the company's executive management team. This can include cash payments, stock options, or other forms of compensation for their service on the board.
Publicly traded companies are required to report non-management director compensation as part of their proxy statements to ensure transparency to shareholders.
To fill out non-management director compensation, companies must provide a detailed account of each director's compensation package, including salary, bonuses, stock awards, and any other benefits, following the guidelines set forth by the Securities and Exchange Commission (SEC).
The purpose of disclosing non-management director compensation is to provide transparency to shareholders regarding how much directors are paid for their services and to ensure accountability in governance practices.
Companies must report information such as the total amount of compensation paid to each non-management director, the nature of the compensation, and any equity awards granted during the fiscal year.
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