Iowa Director Incentive Compensation Plan

State:
Multi-State
Control #:
US-CC-18-276
Format:
Word; 
Rich Text
Instant download

Description

18-276 18-276 . . . Director Incentive Compensation Plan under which eligible directors are granted automatic, nondiscretionary annual awards of 100 shares of common stock to each eligible director at no cost to director upon election or re-election by stockholders. The Board may amend award formula to no greater than 500 shares per year per director
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FAQ

Across industries and occupations, the average (mean) salary increase budget grew 4.4% in 2023. Median growth came in slightly lower at 4.0%. This reflects diverging trends between companies offering the lowest and highest pay increases.

Merit staff received a 3% across-the-board increase on July 1, consistent with the state's 2023-25 collective bargaining agreement with the American Federation of State, County and Municipal Employees, Iowa Council (AFSCME) and Regents Merit System rules.

Iowa State employees will get up to a 3% raise; 1,100-signature petition says it's not enough.

First, let's set a baseline for raise sizing: Small raise: 1% Normal raise: 2-3% Good raise: 4-7%

Leading the list of the state's highest-paid public employees is Kirk Ferentz, University of Iowa head football coach, who was paid $5.56 million in fiscal 2020, which ended June 30, ing to state salary data published online last week.

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Iowa Director Incentive Compensation Plan