Company: TMCWW
Filing Date: 2025-04-08
Form Type: PRE 14A
Source: 0001104659-25-032724
Chunk: 40

Company: TMC the metals Co Inc.
Filing Date: 2025-04-08
Form: PRE 14A
Chunk 40
---
Us. The number of STIP RSUs granted for 2023 were 350,690 units for Gerard Barron, 213,362 units for Craig Shesky and 224,138 units for Erika Ilves. The STIP RSUs were granted on February 29, 2024, effective as of March 20, 2024, and the number of STIP RSUs received by each executive was based on the closing price of our common shares on the grant date of $1.45. (2) LTIP stock awards consist of RSUs granted to NEOs for the preceding performance year. Stock awards were granted on February 29, 2024 and March 7, 2023 in respect of the financial years ended December 31, 2023 and December 31, 2022, respectively. The grant date fair value is computed based on the closing market price on the date of grant in accordance with FASB ASC Topic 718, Compensation — Stock Compensation (“ASC 718”). (3) Includes pension benefits contributions we made to our NEOs.

26

TABLE OF CONTENTS

Outstanding Equity Awards at 2024 Fiscal Year-End The following table sets forth certain information regarding outstanding equity awards held by the NEOs as of December 31, 2024.

| ​             | ​ | ​ | ​                   | ​ | ​        | ​ | ​ | ​ |                                                 Option Awards |   |           |   |   |   |                                                                    |   |   |   |   |   |                        |   |      |   |   |   |                      |   |          |   | ​ | ​ | Stock Awards                                             |   |   |   |   |   |                                                               |   |   |   | ​ |
| Name          | ​ | ​ | EffectiveGrant Date |   |          |   | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsExercisable(#) |   |           |   | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptionsUnexercisable(#)(1) |   |   |   | ​ | ​ | OptionExercisePrice($) |   |      |   | ​ | ​ | OptionExpirationDate |   |          |   | ​ | ​ | Number ofshares orunits ofstock thathave notvested(#)(2) |   |   |   | ​ | ​ | Marketvalue ofshares orunits ofstock thathave notvested