Company: TMCWW
Filing Date: 2025-07-18
Form Type: DEF 14A
Source: 0001104659-25-068870
Chunk: 18

Company: TMC the metals Co Inc.
Filing Date: 2025-07-18
Form: DEF 14A
Chunk 18
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 shareholders; • enable us to attract, motivate and retain the people needed to define and lead our industry; • integrate compensation closely with the achievement of our business and performance objectives; and • reward the individual performance that contributes to our short-term and long-term success. The compensation committee utilized and relied significantly on a competitive market analysis when determining the size, components and mix of our NEOs’ compensation packages. As discussed in more detail below, our NEOs’ target annual compensation generally consists of three principal components: (a) base salary, (b) an annual performance payment under our STIP and 11

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(c) long-term equity incentive compensation under our LTIP. The base salary component is primarily designed to provide a predictable level of financial stability. The STIP is designed to reward the achievement of annual goals that are aligned with our strategic plan. The base salary and STIP are referred to as the cash component of the compensation plan, although the STIP was paid in restricted share units in 2024. The LTIP is the equity compensation component and is primarily designed to incentivize and retain our executives over a multi-year period and to reward the achievement of our long-term financial and strategic objectives. Elements of Compensation for Our NEOs Our executive compensation program consists of three principal components: base salary, STIP, and the LTIP. The LTIP consists primarily of restricted share units (“RSUs”) that vest over time based on continued employment and, in some cases, the achievement of performance and market goals. Key Components of Our 2024 Compensation Plans for Our NEOs

| Compensation Element             | ​ | ​ | Primary Purpose                                                           | ​ | ​ | Performance 
 Period      | ​ | ​ | Details                                                                                                                                                                                                        | ​ |
| Cash Compensation                |   |   |                                                                           |   |   |             |   |   |                                                                                                                                                                                                                | ​ |
| Base Salary                      | ​ | ​ | Reward for ongoing work performed, executive tenure and role              | ​ | ​ | Ongoing     | ​ | ​ | Provided in cash each pay period.                                                                                                                                                                              | ​ |
| Short Term Incentive Plan (STIP) | ​ | ​ | Reinforce and drive short-term priorities and business results            | ​ | ​ | 1 year      | ​ | ​ | Target award based on a percentage of salary.                                                                                                                                                                  | ​ |
| ​                                | ​ | ​ | Recognize and reward corporate and individual performance                 | ​ | ​ | ​           | ​ | ​ | Awards may