Company: TMCWW
Filing Date: 2025-04-08
Form Type: PRE 14A
Source: 0001104659-25-032724
Chunk: 54

Company: TMC the metals Co Inc.
Filing Date: 2025-04-08
Form: PRE 14A
Chunk 54
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 whether or not that information may favorably or unfavorably impact the price of our common shares. Similarly, we do not time the 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 | ​ | ​ |
| Nominating and corporate governance committee chairperson | ​ | ​ | ​        | $ | 15,000 | ​ | ​ |
| Nominating and corporate governance committee member      | ​ | ​ | ​        | $ |  5,000 | ​ | ​ |
| Sustainability and innovation committee chairperson       | ​ | ​ | ​        | $ | 15,000 | ​ | ​ |
| Sustainability and innovation committee member            | ​ | ​ | ​        | $ |  5,000 | ​ | ​ |

These fees are payable in arrears in quarterly installments as soon as practicable following the last business day of each fiscal quarter, provided that the amount of such payment will be prorated for any portion of such quarter that a director is not serving on the board of directors, on such committee or in such position. In the fourth quarter of 2024, the majority of our directors agreed to a temporary change in the method of payment of their annual cash retainers and elected to receive RSUs