Company: TMCWW
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001104659-25-036264
Chunk: 55

Company: TMC the metals Co Inc.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 55
---
 be amended by our shareholders. It may also be amended by the board of directors or the compensation committee, provided that any amendment which is of a scope that requires shareholder approval as required by (i) the rules of Nasdaq or (ii) for any other reason, is subject to obtaining such shareholder approval. However, no such action may adversely affect any rights under any outstanding award without the holder’s consent unless such amendment is required by applicable law or necessary to preserve the economic value of such award. Duration of Plan The TMC Incentive Equity Plan will expire by its terms in April 2031. Policies and Practices Related to the Grant of Certain Equity Awards LTIP and other incentive awards for 2024 were made on February 26, 2025 at a regularly scheduled meetingof the compensation committee, and the compensation committee anticipates continuing to grant LTIP awards generally in February of each year going forward. The compensation committee and the board of directors does nottime the grant of equity compensation with regards to the release of material nonpublic information, whether or not that information may favorably or unfavorably impact the price of our common shares. Similarly, we do not timethe release of material nonpublic information based on equity award grant dates.Equity awards for the executive officers, including our Chief Executive Officer, are approved by the compensation committee. We did not grant options to any of our executive officers during 2024. Director Compensation On September 9, 2021, we adopted a non-employee director compensation policy. Pursuant to the policy, the annual cash retainer for non-employee directors is $90,000. Annual cash retainers for committee membership are as follows:

| Position                                                  | ​ | ​ | Retainer |   |        |   | ​ |
|:----------------------------------------------------------|:--|:--|:---------|:--|-------:|:--|:--|
| Lead independent director                                 | ​ | ​ | ​        | $ | 30,000 | ​ | ​ |
| Audit committee chairperson                               | ​ | ​ | ​        | $ | 22,500 | ​ | ​ |
| Audit committee member                                    | ​ | ​ | ​        | $ |  7,500 | ​ | ​ |
| Compensation committee chairperson                        | ​ | ​ | ​        | $ | 15,000 | ​ | ​ |
| Compensation committee member                             | ​ | ​ | ​        | $ |  5,000 | ​ | ​ |
| N