EX-10.4 4 duk-20250331x10qxexx104.htm EX-10.4
Exhibit 10.4
Effective May 1, 2025, the compensation paid to our outside directors will consist of:

Type of Fee | Fee
Annual Board Retainer (Cash) | $135,000
Annual Board Retainer (Stock) | $195,000
Annual non-executive Chairman of the Board Retainer, if applicable (50% Cash/50% Stock) | $200,000
Annual Lead Director Retainer, if applicable | $40,000
Annual Audit Committee Chair Retainer | $30,000
Annual Compensation and People Development Committee Chair Retainer | $25,000
Annual Committee Chair Retainer (Other Committees) | $20,000
Additional Annual Board Retainer (Cash) (up to one) If director meets one or more of the following during the calendar year: •Serves as a member of a special committee •Attends (in person) more than two off-site committee meetings (excluding the annual Board retreat and attendance as a non-member of a committee) •Attends more than a total of thirty (30) meetings of the Board and committees on which they serve | $10,000