Company: TMCWW
Filing Date: 2025-07-08
Form Type: PRE 14A
Source: 0001104659-25-066460
Chunk: 19

Company: TMC the metals Co Inc.
Filing Date: 2025-07-08
Form: PRE 14A
Chunk 19
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 of restricted share units (“RSUs”) that vest over time based on continued employment and, in some cases, the achievement of performance and market goals. Key Components of Our 2024 Compensation Plans for Our NEOs

| Compensation Element             | ​ | ​ | Primary Purpose                                                           | ​ | ​ | Performance 
 Period      | ​ | ​ | Details                                                                                                                                                                                                        | ​ |
| Cash Compensation                |   |   |                                                                           |   |   |             |   |   |                                                                                                                                                                                                                | ​ |
| Base Salary                      | ​ | ​ | Reward for ongoing work performed, executive tenure and role              | ​ | ​ | Ongoing     | ​ | ​ | Provided in cash each pay period.                                                                                                                                                                              | ​ |
| Short Term Incentive Plan (STIP) | ​ | ​ | Reinforce and drive short-term priorities and business results            | ​ | ​ | 1 year      | ​ | ​ | Target award based on a percentage of salary.                                                                                                                                                                  | ​ |
| ​                                | ​ | ​ | Recognize and reward corporate and individual performance                 | ​ | ​ | ​           | ​ | ​ | Awards may be earned from 0% to 100% of target based on achievement of pre- determined corporate short-term objectives that are aligned with our strategic plan as well as individual performance.             
 Awards are paid in cash upon the completion of the fiscal year; however, for 2024, 2023 and 2022, at the election of the Company, STIP awards were paid in immediately-vested RSUs to conserve operating cash. | ​ |
| Equity Compensation              |   |   |                                                                           |   |   |             |   |   |                                                                                                                                                                                                                | ​ |
| Long-term incentives (LTIP)      | ​ | ​ | Reinforce and drive long-term shareholder value                           
 Retain executives over a multi-year period                                
 Incentivize the achievement by management of multi-year performance goals | ​ | ​ | 3 years     | ​ | ​ | For 2024, 2023 and 2022, grants were in the form of RSUs that vest one-third per year over three years.                                                                                                        | ​ |

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TABLE OF CONTENTS

#### Equity Compensation for Our NEOs
We use long-term equity-based compensation to incentivize and retain our executive officers by linking their awards to the achievement of our long-term strategic goals. We typically award long-term equity-based compensation with restricted share units that vest over time so long as the executive remains