Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 58

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 58
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(1) Average TSR (“ATSR”) and relative TSR (“RTSR”) over the three-year performance period were assessed under the matrix shown below. ATSR was calculated using a cumulative average TSR. For RTSR, performance was assessed against the TSR Peer Group. For purposes of the TSR calculations, the starting price was the 20-day average stock price prior to the beginning of the performance period ($25.90) and the ending price was the average stock price for the last 20 trading-days at the end of the performance period ($30.98).

|                 |     | RTSR Percentile |     |               |     |       |
| Annualized ATSR |     | ≤ 25th          |     | 25th < > 75th |     | ≥75th |
| 15%             |     | 100%            |     | 150%          |     | 200%  |
| 10%             |     | 75%             |     | 100%          |     | 150%  |
| 5%              |     | 50%             |     | 75%           |     | 100%  |
| ≤ 0%            |     | 0%              |     | 50%           |     | 75%   |

(2) In evaluating performance on this metric, the Compensation Committee assessed that over the three year performance period, the Company established a leading low cost capital structure with high structural flexibility to return capital in the offshore drilling sector.

(3) In evaluating this metric, the Compensation Committee considered customer satisfaction scores and collected feedback on performance and overall satisfaction from key customers noting continuity and high satisfaction scores (ranging from 6.3 to 6.7 out of 7) throughout the integration period.

The following chart details the number of 2022 PVRSUs that vested for each of our NEOs:

| Executive(1)      |     | Number of 2022 PVRSUs Vested |         |
| Robert W. Eifler  |     |                              | 185,513 |
| Richard B. Barker |     |                              |  57,973 |
| Joey M. Kawaja    |     |                              |  36,440 |
| Blake A. Denton   |     |                              |  36,440 |

(1) Ms. Howard was not a NEO in 2022 and did not receive a grant of 2022 PVRSUs