Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 51

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 51
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aja and Denton to maintain alignment with market benchmarks. STIP target change information is not included for Ms. Howard as she was not a NEO in 2023.

| Name              |     | 2024 STIP Target (% of Base Salary) |     | 2023 STIP Target (% of Base Salary) |
| Robert W. Eifler  |     | 130%                                |     | 125%                                |
| Richard B. Barker |     | 90%                                 |     | 90%                                 |
| Joey M. Kawaja    |     | 80%                                 |     | 70%                                 |
| Blake A. Denton   |     | 70%                                 |     | 60%                                 |
| Jennie P. Howard  |     | 70%                                 |     | —                                   |

2024 STIP – Metrics

The Compensation Committee believes that the success of the Company is tied to the achievement of the key performance goals shown below and the STIP is designed to reward executives for meeting these goals thereby driving the performance of the Company. Company performance determines the funding level of the total STIP bonus pool. Accordingly, if performance thresholds are not met, STIP awards will not be funded.

Our 2024 metrics for our STIP for all eligible personnel, including the NEOs, for the 2024 plan year are set forth below:

### Financial Metrics
The financial metrics selected by the Compensation Committee correlate to aspects of our business that drive shareholder value by enhancing the productivity and efficiency of the Company’s assets and their operation.

Adjusted Free Cash Flow goals encourage our NEOs to sustainably return value to shareholders while making focused investments in future growth areas. Adjusted Free Cash Flow is defined as adjusted EBITDA minus capital expenditures, minus net interest expense, minus cash taxes, plus or minus changes in working capital, plus or minus cost to achieve synergies adjusted for any non-recurring items.

Contract Drilling Margin is defined as contract drilling revenues less contract drilling costs less general and administrative expenses, divided by contract drilling revenues.

#### Customer Satisfaction
Customer Satisfaction is a key driver of shareholder value. For purposes of the STIP, this metric is measured by customer satisfaction surveys which are sent out to customers from our operating rigs each quarter as part of a Quarterly Performance Review (QPR) to assess Company performance. The QPR solicits customer feedback over a number of dimensions and is scored on a scale from 0 to 7 by each customer. The average rating from all