Noble Corp plc
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2024 · Filed Mar 27, 2025
Contents
Director Compensation Program
The table below provides a summary of the Company’s compensation program for non-employee directors:
| Component | 2024 ($) |
|---|---|
| Annual cash retainer — Board member | $100,000 |
| Annual cash retainer — Non-executive Chair | 165,000 |
| Annual deferred cash/equity retainer — Board member(1) | 200,000 |
| Annual deferred cash/equity retainer equity retainer — Non-executive Chair(1) | 265,000 |
| Audit committee chair annual cash retainer | 30,000 |
| Other committee chair annual cash retainer | 20,000 |
| Committee member annual cash retainer | 10,000 |
| International meeting attendance fee(2) | 4,000 |
| Supplemental quarterly retainer - Non-executive chair(3) | 40,000 |
| Supplemental quarterly retainer - Board member(3) | 20,000 |
(1)The annual deferred cash/equity retainer is awarded in the form of restricted stock units, which vest one year from the date of grant, and are settled 60% in shares and 40% in cash on the date of vesting.
(2)The international travel fee was approved by the Board of Directors, upon recommendation by the Compensation Committee, in consideration of the international residency composition of the post-Business Combination Board of Directors.
(3)The supplemental quarterly retainer was approved to compensate the Directors for the increased work required by the Board in connection with the pending acquisition of Diamond Offshore Drilling, Inc., and other strategic initiatives. The supplemental retainer was discontinued effective September 30, 2024.
We also reimburse directors for travel, lodging and related expenses they may incur in attending Board and committee meetings, and for related activities in connection with their duties as directors. Our directors do not receive any additional compensation from the Company in the form of retirement or deferred compensation plans or otherwise.
| Noble Corporation plc | 2025 Proxy Statement | 61 |
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