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UNITED STATES STEEL CORPORATION 
DEFERRED COMPENSATION PROGRAM 
FOR NON-EMPLOYEE DIRECTORS 
(Adopted as of December 14, 2021) 
1.Purpose.  The United States Steel Corporation Deferred Compensation Program for Non-Employee Directors, a program under the United States Steel Corporation 2016 Omnibus Incentive Compensation Plan, is intended to enable the Corporation to attract and retain non-employee Directors and to enhance the long-term mutuality of interest between such Directors and shareholders of the Corporation. 
2.Definitions.  Unless otherwise defined herein, capitalized terms shall have the meanings set forth in the Plan. The following definitions apply to this Program and to the Election Form: 
(a)Base Retainer means the means that portion of a Participant’s compensation that is fixed and paid without regard to his/her attendance at meetings, as such amount is established for or during the Program Year, exclusive of fees paid to chairs of committees or the Board.
(b)Beneficiary or Beneficiaries means a person or persons or other entity designated on a Beneficiary Designation Form by a Participant as allowed in Section 5(c) of this Program to receive Deferred Stock Unit Benefit payments. If there is no valid designation by the Participant, or if the designated Beneficiary or Beneficiaries fail to survive the Participant or otherwise fail to take the Deferred Stock Unit Benefit, the Participant’s Beneficiary is the Participant’s surviving spouse or, if there is no surviving spouse, the Participant’s estate. 
(c)Beneficiary Designation Form means that portion of the Election Form that is used by a Participant according to this Program to name his/her Beneficiary or Beneficiaries. 
(d)Board means the board of directors of United States Steel Corporation. 
(e)Committee means the Corporate Governance & Sustainability Committee of the Board. 
(f)Common Stock means the common stock of the Corporation, par value $1.00 per share. 
(g)Corporation means United States Steel Corporation, or its successors. 
(h)Deferred Stock Unit shall have the meaning assigned to it in Section 4(a). 
(i)Deferred Stock Unit Account means that bookkeeping record established for each Participant to reflect the status of his/her Deferred Stock Unit Benefits under this Program. A Deferred Stock Unit Account is established only for purposes of measuring a Deferred Stock Unit Benefit and not to segregate assets or to identify assets that may or must be used to satisfy a Deferred Stock Unit Benefit. A Deferred Stock Unit Account will be credited with that portion of the Participant’s Retainer Fee deferred as Deferred Stock Units according to an Election Form and according to Section 4 of this Program. A Deferred Stock Unit Account will also be adjusted periodically with amounts specified under subsections 4(a)(ii) through 4(a)(iii) of this Program. 

(j)Deferred Stock Unit Benefit means the benefit that results in distributions governed by Sections 4 and 5. 
(k)Directors means those duly named members of the Board. 
(l)Election Date means the date established by this Program as the date before which a Participant must submit a valid Election Form to the Committee. For the Program Year during which an individual first becomes a Participant, the Election Date is the earlier of (i) 30 days following the date on which the individual becomes a Participant and (ii) December 31 of such Program Year. For each subsequent Program Year, the Election Date is December 31 of the preceding calendar year. Despite the two preceding sentences, the Committee may set an earlier date as the Election Date for any Program Year. 
(m)Election Form means a document governed by the provisions of Section 3 of this Program by which a Participant elects the portion of his or her Retainer Fee to be deferred as Deferred Stock Units and designates a Beneficiary. 
(n)Participant means a Director who is not simultaneously an employee of the Corporation. 
(o)Plan means the United States Steel Corporation 2016 Omnibus Incentive Compensation Plan (as it has been or may be amended and/or restated from time to time), or any successor plan. 
(p)Program means this United States Steel Corporation Deferred Compensation Program for Non-Employee Directors under the Plan. 
(q)Program Year means the calendar year, commencing with the 2022 calendar year. 
(r)Retainer Fee means the Base Retainer together with any additional amounts paid to chairs of the committees of the Board or the chairman of the Board. 
(s)Terminate, Terminating, or Termination, with respect to a Participant, means cessation of his/her relationship with the Corporation as a Director whether by resignation, retirement, death, disability or severance for any other reason. The terms “Terminate,” “Terminating,” and “Termination,” when used in the context of a condition to, or timing of, payment hereunder, shall be interpreted to mean a “separation from service” as that term is used in Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”). 
3.Election.  A deferral election is valid when an Election Form is completed, signed by the Participant, and received by the Committee or its designee. Deferral elections are governed by the provisions of this section. 
(a)A Participant may elect a Deferred Stock Unit Benefit for any Program Year, subject to the Election Date requirements, if he/she is a Participant at the beginning of that Program Year or becomes a Participant during the Program Year. 
(b)Before each Program Year’s Election Date, each Participant will be provided with an Election Form. A Participant may elect on or before the Election Date to defer the receipt of all or part of his/her Retainer Fee for the Program Year in the form of a Deferred Stock Unit Benefit under the Program; provided, however, that no 

deferral election shall be effective for any portion of a Retainer Fee earned prior to the completion of the deferral election. 
(c)A Participant may not revoke or amend an Election Form after the Program Year begins with respect to such Program Year, and no re-allocation between fixed and variable compensation (if any) otherwise payable during the Program Year shall be permitted to indirectly amend such Election Form or the amount of Retainer Fees subject thereto. Any revocation before the beginning of the Program Year is the same as a failure to submit an Election Form. Any writing signed by a Participant expressing an intention to revoke his/her Election Form and delivered to the Committee or its designee before the close of business on the relevant Election Date is a revocation.
4.Deferred Stock Unit Benefits. 
(a)Deferred Stock Unit Benefits will consist of Deferred Stock Units and will be recorded in a Deferred Stock Unit Account for each Participant. A “Deferred Stock Unit” shall mean a book-entry unit equal in value to one share of Common Stock on the date specified below. Each Deferred Stock Unit will increase or decrease in value by the same amount and with the same frequency as the fair market value of a share of Common Stock. Each Deferred Stock Unit Account will be credited or adjusted as follows: 
(i)Crediting. The Participant’s Deferred Stock Unit Account will be credited with a quantity of Deferred Stock Units, including fractional units, as of the date the award of Deferred Stock Units would have otherwise vested. 
(ii)Cash Dividends. Each Deferred Stock Unit Account will be credited each calendar quarter, on the date on which cash dividends are reinvested under the Corporation’s dividend reinvestment and stock purchase plans (the “Investment Date”), with a quantity of additional Deferred Stock Units, including fractional units, determined by dividing (A) the Dividend Payment Amount by (B) the Stock Purchase Price. “Dividend Payment Amount” means the product of the number of Deferred Stock Units in the Deferred Stock Unit Account on the dividend payment date times the amount of the cash dividend payable on a share of Common Stock. “Stock Purchase Price” means the closing price of a share of Common Stock on the NYSE on the most recent trading day preceding the Investment Date. 
(iii)Stock Dividends, Stock Splits and Reverse Stock Splits. In the event of a stock dividend, stock split, reverse stock split or similar event affecting the Common Stock, the number of Deferred Stock Units in the Deferred Stock Unit Account shall be adjusted in an equitable and proportional manner to reflect such event in order to prevent the dilution or enlargement of Participant’s rights. 
(b)If a trust is established under Section 6(b), an electing Participant may advise the trustee under the governing trust agreement as to the voting of shares of the Common Stock allocated to that Participant’s separate account under the trust according to this subsection and provisions of the governing trust agreement. Before each annual or special meeting of the Corporation’s shareholders, the trustee under the governing trust agreement must furnish each Participant with a copy of the proxy solicitation and other relevant material for the meeting as furnished to the trustee by the Corporation, and a form addressed to the trustee 

requesting the Participant’s confidential advice as to the voting of shares of the Common Stock allocated to his/her account as of the valuation date established under the governing trust agreement preceding the record date.
5.Distributions. 
(a)Except as set forth in Section 5(d), a Deferred Stock Unit Benefit will be distributed in shares of Common Stock equal to the number of, the whole,  Deferred Stock Units credited to the Participant’s Deferred Stock Unit Account; provided, however, cash will be paid in lieu of fractional shares of the Common Stock otherwise distributable, calculated on the basis of the closing price of a share of Common Stock on the NYSE on the date of Termination (or if such date is not a trading day on the immediately preceding trading day). 
(b)Delivery of Common Stock and any cash payable in lieu of fractional shares will be made on the first business day of the seventh month following the Participant’s Termination. 
(c)Deferred Stock Unit Benefits may not be assigned by a Participant or Beneficiary. A Participant may use a Beneficiary Designation Form to designate one or more Beneficiaries for all of his/her Deferred Stock Unit Benefits; such designations are revocable. Each Beneficiary will receive his/her portion of the Participant’s otherwise unpaid Deferred Stock Unit Account on the scheduled payment date as set forth in Section 5(b). 
(d)Upon the occurrence of a Change in Control resulting in a Participant’s Termination as of or within the one-year period following such Change in Control, the Corporation shall pay such Participant, on or before the fifth business day following such Termination, cash in an aggregate amount equal to the value of such Participant’s Deferred Stock Unit Account on the date of the Change in Control, as determined using the higher of the closing price of the Common Stock on the NYSE on such date or the highest per-share price actually paid in connection with the consummation of such Change in Control. For purposes of this Program, “Change in Control” shall mean a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Corporation is then subject to such reporting requirement; provided, that, without limitation, such a change in control shall be deemed to have occurred if: 
(i)any person (as defined in Sections 13(d) and 14(d) of the Exchange Act) (a “Person”) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation representing twenty percent (20%) or more of the combined voting power of the Corporation’s then outstanding voting securities; provided, however, that for purposes of this Program the term “Person” shall not include (i) the Corporation or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Corporation or any of its subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the stockholders of the Corporation in substantially the same proportions as their ownership of stock of the Corporation; or 

(ii)the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the date hereof, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest including but not limited to a consent solicitation, relating to the election of directors of the Corporation) whose appointment or election by the Board or nomination for election by the Corporation’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved; or 
(iii)there is consummated a merger or consolidation of the Corporation or a subsidiary thereof with any other corporation, other than a merger or consolidation which would result in the holders of the voting securities of the Corporation outstanding immediately prior thereto holding securities which represent immediately after such merger or consolidation at least 50% of the combined voting power of the voting securities of the entity surviving the merger or consolidation (or the parent of such surviving entity) or the shareholders of the Corporation approve a plan of complete liquidation of the Corporation, or there is consummated the sale or other disposition of all or substantially all of the Corporation’s assets.
Notwithstanding anything to the contrary herein, in no event will a Change in Control be deemed to have occurred for purposes of this Section 5(d) if the transaction is not also a “change in the ownership or effective control of” the Corporation or “a change in the ownership of a substantial portion of the assets of” the Corporation as determined under Treasury Regulation Section 1.409A-3(i)(5). 
6.Corporation’s Obligation. 
(a)The Program is unfunded. A Deferred Stock Unit Benefit is at all times solely a contractual obligation of the Corporation. A Participant and his/her Beneficiaries have no right, title or interest in the Deferred Stock Unit Benefits or any claim against them. Except according to Section 6(b), the Corporation will not segregate any funds or assets for Deferred Stock Unit Benefits nor issue any notes or security for the payment of any Deferred Stock Unit Benefit.
(b)The Corporation may establish a grantor trust and transfer to that trust shares of Common Stock or other assets. The governing trust agreement must require a separate account to be established for each electing Participant. The governing trust agreement must also require that all Corporation assets held in trust remain at all times subject to the Corporation’s judgment creditors.
7.No Control by Participant.  A Participant has no control over Deferred Stock Unit Benefits except according to his/her Election Forms and Beneficiary Designation Form. 
8.Claims Against Participant’s Deferred Stock Unit Benefits.  A Deferred Stock Unit Account relating to a Participant under this Program is not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to do so is void. A Deferred Stock Unit Benefit is not subject to attachment or legal process for a Participant’s debts or other obligations. Nothing contained in this Program gives any Participant any interest, lien or claim against any specific asset of the 

Corporation. A Participant or his/her beneficiary has no rights other than as a general creditor. 
9.Amendment or Termination.  This Program may be altered, amended, suspended, or terminated at any time by the Board. 
10.Notices.  Notices and elections under this Program must be in writing. A notice or election is deemed delivered if it is delivered personally or if it is mailed by registered or certified mail to the person at his/her last known business address. 
11.Waiver.  The waiver of a breach of any provision in this Program does not operate as and may not be construed as a waiver of any later breach. 
12.Construction.  This Program is created, adopted, maintained and governed according to the laws of the State of Delaware. Headings and captions are only for convenience; they do not have substantive meaning. If a provision of this Program is not valid or not enforceable, the validity or enforceability of any other provision is not affected. Use of one gender includes all, and the singular and plural include each other. 
13.Effective Date.  This Program shall be effective as a program under the Corporation’s 2016 Omnibus Incentive Compensation Plan commencing with the 2022 Program Year.Document

United States Steel Corporation
Non-Employee Director Compensation Policy

Adopted as of December 14, 2021

The Corporate Governance & Sustainability Committee (the “Committee”) of the Board of Directors (“Board”) of United States Steel Corporation, a Delaware corporation (the “Corporation”), has adopted this Non-Employee Director Compensation Policy (the “Policy”) (a) to assist the Committee in establishing retainers, fees, and equity grants (and payment or award thereof, as applicable) associated with non-employee director compensation and (b) to establish stock ownership guidelines applicable to non-employee directors, in order to further align the long-term interests of the Corporation’s stockholders and non-employee directors.  Any new director compensation policies and/or stock ownership guidelines enacted from time to time are deemed to be incorporated herein upon their effective date.  

The Committee and/or the Board shall review and reassess this Policy from time to time to determine whether the Policy should be updated.  The Committee, in its sole discretion, may amend, modify, waive, or terminate this Policy at any time, and the Committee shall have full power and authority to interpret the Policy and to adopt such rules for the administration, interpretation and application of the Policy as are consistent herewith and to interpret, amend, or revoke any such rules.    

Compensation.  Effective as of January 1, 2022, each director of the Board who is not an employee of the Corporation or an affiliate of the Corporation (“Director” or “Directors”) shall be entitled to the payments described below while serving as a director on the Board.

						
	Annual Retainer:	Directors receive an annual retainer for serving on the Board and for chairing certain committees of the Board.  The following amounts are the annual retainers for 2022:
Board Member:
US$ 300,000

Board Chair:
US$ 150,000

Chair of Audit Committee:
US$ 20,000

Chair of Compensation & Organization Committee:
US$ 20,000

Chair of Corporate Governance & Sustainability Committee:
US$ 20,000

						
	Election:	Pursuant to the Corporation’s Deferred Compensation Program for Non-Employee Directors (as the same may be amended and/or restated from time to time, the “Program”) under the Corporation’s 2016 Omnibus Incentive Compensation Plan (as the same may be amended and/or restated from time to time, or any successor plan thereto, the “Plan”), each year a Director may elect to receive from 55% (minimum) up to 100% (maximum) of his/her annual retainer in the form of (i) restricted stock units (“RSUs”) of the Corporation and/or (ii) deferred stock units (“DSUs”) of the Corporation.  The portion not payable in the form of RSUs or DSUs shall be payable in cash.    
Directors must make the election in writing in advance of the calendar year to which the election relates (or, when a Director joins the Board, within 30 days of joining the Board), by completing the election form (and for DSUs, the beneficiary designation form) in the form provided by the Corporation.
When an election is made with respect to a calendar year, it becomes irrevocable for that calendar year as of 11:59 pm on December 31st of the prior calendar year (or, for Directors first joining the Board, as of the date of the election) and may not be changed.

	Effect of No Election:	In the case of a Director who does not submit a valid election form on or before the relevant election date, such Director’s annual retainer shall be payable (i) 45% in cash and (ii) 55% in the form of RSUs.
	Cash Retainer (if any):	The portion of a Director’s annual retainer payable in cash (if any) shall be paid quarterly, in equal installments and in arrears, and any such quarterly payment shall be pro-rated for any partial quarter of service.
	RSUs (if any):	Upon the date of the annual meeting of the Corporation’s stockholders at which directors are elected to serve on the Board (the “Annual Meeting”), each Director who remains a member of the Board following the conclusion of such Annual Meeting and who has elected to receive all or a portion of his/her annual retainer in the form of RSUs shall be granted a number of RSUs, determined by the quotient of the dollar value of the portion of his/her annual retainer payable in the form of RSUs, divided by the Fair Market Value as of the grant date (but rounded to the nearest whole ten RSUs), pursuant to the terms of the Plan and the Corporation’s standard form of RSU award agreement for Directors, which RSUs shall be eligible to vest in full on the earlier of (i) the first anniversary of the grant date and (ii) the date of the next Annual Meeting, in each case subject to the Director’s continued service on such vesting date.  The Corporation may but is not obligated to provide accelerated vesting of such RSUs in connection with a Director’s earlier termination of service. 

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	DSUs (if any):	Upon the date of the Annual Meeting, each Director who remains a member of the Board following the conclusion of such Annual Meeting and who has elected to receive all or a portion of his/her annual retainer in the form of DSUs shall be granted a number of DSUs (including fractional units), determined by the quotient of the dollar value of the portion of his/her annual retainer payable in the form of DSUs, divided by the Fair Market Value as of the grant date, pursuant to the terms of the Plan, the Program and the Corporation’s standard form of DSU award agreement for Directors, which DSUs shall be eligible to vest in full on the earlier of (i) the first anniversary of the grant date and (ii) the date of the next Annual Meeting, in each case subject to the Director’s continued service on such vesting date, and shall otherwise be subject to the terms of the Program.  The Corporation may but is not obligated to provide accelerated vesting of such DSUs in connection with a Director’s earlier termination of service.

	Stub Award (2022 Only):	To account for the switch from awards being granted as of January 15th each calendar year to awards being granted as of the Annual Meeting each calendar year, with respect to the 2022 calendar year only, each Director shall receive an additional pro-rated retainer to cover the period from January 1, 2022 to the Annual Meeting, in an amount equal to US$ 100,000, plus a pro-rated amount of any applicable additional Board chair or committee chair annual retainer, which retainer shall otherwise be subject to the terms of this Policy and the Plan and Program, as applicable, except that the grant date of RSUs and/or DSUs, as applicable, attributable to such pro-rated amount shall be January 15, 2022, and such RSUs and/or DSUs shall be eligible to vest in full on the first anniversary of the grant date, subject to the Director’s continued service on such vesting date.   

	Matching Program:	The Corporation will supplement the fees paid to each Director with a one-time grant of shares of common stock of the Corporation pursuant to the terms of the Corporation’s Non-Employee Director Stock Program (as the same may be amended and/or restated from time to time, the “Matching Program”) under the Plan.  The number of shares of common stock to be granted shall be equal to that number of shares purchased in an open market transaction or transactions by the Director during the six months following the effective date on which such Director first becomes a member of the Board, up to a maximum grant of 1,000 shares of common stock.  If the Director is prohibited from making an open market purchase due to a special trading blackout period imposed under the Corporation’s Insider Trading Policy during any portion of the six-month period, the six-month period shall be extended by the number of days during which purchases were prohibited due to that special trading blackout.  The grant will be made no later than the fifth business day following the date on which open market shares were purchased.

	Reimbursement:	In addition to the foregoing payments, each member of the Board shall be entitled to reimbursement for travel expenses incurred in attending Board meetings and any committee meetings (travel expense reimbursement is subject to the Corporation’s current expense policy, as amended from time to time).

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The Corporation does not pay any Board retainers or fees or provide any Board equity grants not set forth above.  These retainers, fees, or grants may be modified or adjusted from time to time as determined by the Committee.

Directors of the Board who are employees of the Corporation or an affiliate of the Corporation shall receive no compensation for their Board service.

    Stock Ownership.  Effective as of January 1, 2022, by no later than the fifth (5th) anniversary of the date on which the Director is first elected as a Director (the “Phase-In Period”), the Committee expects that all Directors will make a good faith effort to attain a level of share ownership of shares of the Corporation’s common stock at least equal to the Minimum Share Ownership Requirement, in accordance with the following:  

						
	Minimum Share Ownership Requirement:	The “Minimum Share Ownership Requirement” equals the number of shares of the Corporation’s common stock determined by dividing (i) five (5) times the maximum cash annual retainer for service as a Board member (that is, 45% of the annual retainer for service as a Board member, without regard to any applicable additional Board chair or committee chair annual retainer) by (ii) the Fair Market Value as of the Determination Date.

	Shares Counted:	Shares that count toward the satisfaction of the Minimum Share Ownership Requirement include:
•Shares owned directly, including (i) restricted shares, (ii) shares deliverable upon settlement of unvested RSUs and DSUs, and (iii) shares deferred under the terms of the Program (and any prior or subsequent similar arrangement thereof); and
•Shares owned directly, if the individual has an economic interest in such shares.  For this purpose, indirect ownership includes shares that would be “beneficially owned” and reported for purposes of the stock ownership table in the Corporation’s annual proxy statement and shares beneficially owned and reported on Table 1 of Forms 3, 4, or 5 under the Exchange Act.

	Determination of Share Ownership:	Each Director’s satisfaction of the Minimum Share Ownership Requirement will be determined by the Committee annually as of the close of business on the last business day of the Corporation’s fiscal year (the “Determination Date”), although Directors are required to own a number of shares of the Corporation’s common stock sufficient to meet the most recently determined Minimum Share Ownership Requirement at all times during the year until the next Determination Date.

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	Failure to Satisfy:	If a Director does not satisfy the Minimum Share Ownership Requirement as of a relevant Determination Date (following the end of such Director’s Phase-In Period), then the Director shall not be required to purchase shares in the open market but instead will be required to retain 100% of the net after-tax amount of any shares held and subsequently granted until satisfaction of the Minimum Share Ownership Requirement.  Once a Director satisfies the Minimum Share Ownership Requirement, the Director may sell or otherwise dispose of shares so long as such transaction would not cause the Director to fail to satisfy his or her Minimum Share Ownership Requirement.

	Exceptions:	The Minimum Share Ownership Requirement may be waived, at the sole discretion of the Committee, for a Director (i) if compliance would create severe hardship, (ii) if compliance would prevent such Director from complying with a court order, as in the case of a divorce settlement, or (iii) in connection with significant and sudden declines in the Fair Market Value of the shares.  A Director seeking a waiver from the Minimum Share Ownership Requirement on account of one or more of these exceptions must file a notice with the Corporation’s Secretary to be presented to the Committee, advising the Committee of the circumstances and describing the extent of the waiver requested.  It is expected that requests for such waivers will rarely be sought or granted.

    General.  This Policy supersedes all prior agreements or policies concerning non-employee director compensation and/or non-employee director stock ownership guidelines.  Capitalized terms used in this Policy but not otherwise defined herein shall have the meaning set forth in the Plan.
    

 
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