Company: KRO
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001257640-25-000009
Chunk: 38

Company: KRONOS WORLDWIDE INC
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 38
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 a death benefit equal to the annual retainer then in effect. We reimburse our directors for reasonable expenses incurred in attending meetings and in the performance of other services rendered on behalf of our board of directors or its committees. As preapproved by our management development and compensation committee, on the day of each of our annual stockholder meetings, each of our eligible directors elected on that day receives a grant of shares of our common stock under our 2012 Director Stock Plan, with the number of shares received by each eligible director equal in value to $20,000 (rounded up or down to the nearest 50 shares), based on the closing price of a share of our common stock on the date of grant, but not more than 10,000 shares. These shares are fully vested and tradable immediately on their date of grant, other than restrictions under applicable securities laws. Our corporate governance guidelines include stock ownership guidelines for our non-employee directors (that is, directors who are not employed by us or one of our affiliates), which provide that non-employee directors may not sell shares of our common stock acquired as part of the annual stock grants unless, immediately after any such sale, they will hold a number of shares of our common stock (including shares owned by their immediate family members residing in the same household) having a value of at least three times our base annual cash retainer for service as a director. The following table provides information with respect to compensation each of our eligible directors earned for their 2024 director services provided to us. 2024 Director Compensation(1)

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 Name                   
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 Fees Earned or   
 Paid in Cash (2) 
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 Stock Awards (3) 
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 Total 
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|:-----------------------|:--|:-----------------|--------:|:--|:-----------------|-------:|:--|:------|--------:|
| Loretta J. Feehan      |   | $                | 104,000 |   | $                | 19,685 |   | $     | 123,685 |
| John E. Harper         | ​ |                  | 101,500 | ​ | ​                | 19,685