Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 104

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 104
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75th |     | ≥75th |
| 15%       |     | 100%            |     | 150%         |     | 200%  |
| 10%       |     | 75%             |     | 100%         |     | 150%  |
| 5%        |     | 50%             |     | 75%          |     | 100%  |
| ≤ 0%      |     | 0%              |     | 50%          |     | 75%   |

(1) ROIC is defined as Earnings Before Interest and Taxes minus Cash Taxes divided by the sum of Average Shareholder Equity at the beginning and the end of the performance period and Average Net Debt measured at the beginning and end of the performance period.

(2) ESG Performance consists of two metrics, reduction of CO2 emissions and ISO 50001 compliance. CO2 reduction is measured as tons of CO2 equivalents divided by number of contracted days. For rigs to be ISO 50001 compliant, a full Energy Management System must be set up on each rig.

(3) ESG is measured qualitatively by the Compensation Committee and selected at its discretion.

(4) The TSR Peer Group includes the following companies: Diamond Offshore Drilling Inc., Transocean Ltd., Seadrill Limited, Valaris plc, and the PHLX Oil Service Sector Index. Diamond Offshore Drilling will be excluded from the calculation due to our acquisition of the company on 4 September 2024.

#### 2022 PVRSU PAYOUT
The 2022 PVRSUs that were granted on 3 February 2022 vested on 31 December 2024 and settled in early 2025.

The 2022 PVRSUs performance metrics were based on the achievement of TSR performance targets, ESG performance targets and certain metrics related to the Business Combination with Maersk Drilling. In September 2022, following the closing of the Business Combination, the Compensation Committee determined that the Company had fundamentally changed such that certain of the performance metrics used for the PVRSU awards granted in 2022 were no longer appropriate. The Compensation Committee believed it was in the best interests of the transformed Company and its shareholders to align the legacy Noble and legacy Maersk Drilling management teams so that the group was focused on integration and strategic, financial and operations goals designed to encourage the growth of the combined company. Certain performance metrics under the