Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 44

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 44
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 from January 1, 2022 through to December 31, 2024 and averaging 6.37 out of 7 in 2024.                                                             
 •Seamless operation integrationhighlighted by 97%  operational uptime and strong Health, Safety and Environment (HSE) performance across the fleet.                                                                                  |

(1) Reflects total returns including simple compounding of dividends.

#### Noble Corporation plc| 2025 Proxy Statement31

#### Compensation Discussion and Analysis
Our executive compensation program includes a mix of fixed and variable pay with performance periods ranging from one to three years. Our Compensation Committee established performance metrics for our annual cash incentive program and our long-term incentive program that align with the Company’s strategy to drive shareholder returns through industry-leading safety, customer service, environmental stewardship, technological thought leadership, capital efficiency and executing on opportunistic inorganic growth opportunities. The following table outlines the primary elements of our executive compensation program, excluding benefits, for 2024:

| Element                                              |     | Description                                                                                                                                    |     | Purpose                                                                                                                                                                                                |
| Base Salary                                          |     | Delivered in cash and evaluated each year based on competitive market data                                                                     |     | Provide competitive base pay to attract and retain our executive officers                                                                                                                              |
| Annual Short Term Incentive Plan (“STIP”)            |     | Delivered in cash based on attainment of financial, safety, merger integration and ESG goals                                                   |     | Motivate and reward our executives to achieve key annual business objectives                                                                                                                           |
| Time-Vested Restricted Stock Units (“TVRSUs”)        |     | Three-year ratable vest; annual award value based on competitive market data                                                                   |     | Align interests of executives with those of our shareholders by tying compensation to long-term growth in shareholder value and by promoting retention and management stability in a cyclical industry |
| Performance-Vested Restricted Stock Units (“PVRSUs”) |     | Three-year cliff vest; payout based on total shareholder return (“TSR”) and return on invested capital performance and attainment of ESG goals |     |                                                                                                                                                                                                        |

#### Target Total Direct Compensation
Our Compensation Committee delivers a substantial portion of target total direct compensation through variable and “at-risk” performance-based incentives. In 2024, 90% of our CEO’s and an average of 80% of our other NEOs target total direct compensation was variable or at-risk.

#### Our CEO

#### Our NEOs (Average)
| Base Salary |     | Target STIP |     | TVRSUs |     |