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