Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 56

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 56
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,000 |
| Jennie P. Howard  |     |                |     | $ |   720,000 |     |                |     | $ |   480,000 |     |                     |     | $ | 1,200,000 |

(1) For 2024 grants, the number of units underlying each component of the LTIP award was determined using a 7-trading-day trailing volume-weighted average stock price of the Company’s common stock on the NYSE (“VWAP”) as of the grant date, January 26, 2024 of $44.1695.

2024 Time-Vested Restricted Stock Units (TVRSU)

Our CEO received 30% of his annual LTIP award value in the form of TVRSUs. Our other NEOs received 40% of their 2024 LTIP award value in the form of TVRSUs. The TVRSUs vest ratably over a three-year period commencing on the first anniversary of the grant date.

While TVRSUs are not earned based on performance criteria, the Compensation Committee believes that, because the ultimate value of the awards is linked directly to the performance of our stock over time, TVRSUs support management performance and align management with our shareholders.

2024 Performance-Vested Restricted Stock Units (PVRSUs)

Our CEO received 70% of his 2024 LTIP award value in the form of PVRSUs and our other NEOs received 60% of their 2024 award value in the form of PVRSUs. The PVRSUs granted will vest from 0% to 200% of the target number of PVRSUs awarded based on the achievement of specified performance criteria outlined below over a three-year performance period. With respect to each performance goal, the Company must exceed a threshold performance level in order for any of the PVRSUs to vest. Any PVRSUs that do not vest are forfeited.

#### 402025 Proxy Statement |Noble Corporation plc

#### Compensation Discussion and Analysis
2024 PVRSU Performance Payout Scale

The performance payout scale in the table below is applicable to grants made in 2024 for the 2024-2026 performance cycle.

| Goal                                     |     | 50%             
 Threshold       |     | 100%            
 Target          |     | 200%            
 Maximum         |     | Weighting |
| Total Shareholder Return (“TSR”)(1)      |     | See footnote(1) |