Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 53

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 53
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     | Customer QPR                            |     | 15% |     |              |                   6.3 |     |          6.375 |     |   1.19 |     |         0.18 |     |              |      |
| Safety Performance         |     | Consequence Severity Index              |     | 15% |     |              |                 675.0 |     |          590.0 |     |   1.43 |     |         0.21 |     |              |      |
| First Choice for Employees |     | First Choice for Employees Scorecard(3) |     | 10% |     |              | Subjective Assessment |     |                |     |   1.50 |     |         0.15 |     |              |      |
|                            |     |                                         |     |     |     |              |                       |     |                |     |        |     |              |     | Award Factor | 1.09 |

(1) 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.

(2) Contact Drilling Margin is defined as contract drilling revenues less contract drilling costs less general and administrative expenses, divided by contract drilling revenues.

(3) The Compensation Committee considered year-over-year improvement in engagement scores, successful implementation of Talent Development programs and favorable attrition rate trends, and approved a payout factor of 1.5 for the First Choice for Employees component.

For all 2024 STIP participants, including our NEOs, the Company performance factor was multiplied by the applicable individual target award and any individual performance adjustment (if any) to calculate the final performance bonus payment amount. Individual bonuses may be adjusted upward or downward to reflect merit, individual and team performance and/or additional selected criteria, subject to the approval of the Compensation Committee. No individual performance adjustments were made to the NEO’s 2024 STIP awards.

STIP – 2024 Actual Payout

| Name              |     | Base   
 Salary |     |   |         |     | STIP   
 Target |     |   |     | Award  
 Factor |     |      | 2024 STIP 
 Payout    |     |   |           |
|:------------------|:----|:-------|:----|:--|--------:|: