Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Noble Corp (NE)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$11,885,455
Robert Eifler total, FY2025
CEO pay percentile vs peers
71:1
CEO-to-median pay ratio
97.85%
Say-on-pay support, latest vote
Companies that benchmark against NE
2 companies name NE as a compensation peer

Each company listed discloses NE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named NE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Eifler$995,833$0$8,750,626$0$1,488,651$0$650,345$11,885,455
President & Chief Executive Officer
Richard Barker636,66702,766,8620732,0930221,3464,356,968
Executive Vice President & Chief Financial Officer
Joey Kawaja520,41701,887,0970598,37823,389143,5223,172,803
Senior Vice President, Operations
Jennie Howard493,75001,632,0820482,523042,0352,650,390
Senior Vice President, General Counsel & Secretary
Caroline Alting445,83301,632,0820435,724038,7822,552,421
Senior Vice President, Operational Excellence & Sustainability

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Robert Eifler$11,885,455
Richard Barker4,356,968
Joey Kawaja3,172,803
Jennie Howard2,650,390
Caroline Alting2,552,421

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Caroline AltingRSU2025-02-0319,594$616,623
Caroline AltingPSU2025-02-0314,69629,39158,7821,015,459
Richard BarkerPSU2025-02-0326,86553,730107,4601,856,372
Richard BarkerRSU2025-02-0328,932910,490
Robert EiflerPSU2025-02-0391,082182,163364,3266,293,732
Robert EiflerRSU2025-02-0378,0712,456,894
Jennie HowardRSU2025-02-0319,594616,623
Jennie HowardPSU2025-02-0314,69629,39158,7821,015,459
Joey KawajaRSU2025-02-0322,656712,984
Joey KawajaPSU2025-02-0316,99233,98367,9661,174,113
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Caroline Alting$616,623$1,015,459$062.2%
Richard Barker910,4901,856,372067.1%
Robert Eifler2,456,8946,293,732071.9%
Jennie Howard616,6231,015,459062.2%
Joey Kawaja712,9841,174,113062.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robert EiflerRSU364,326$10,288,566
Robert EiflerRSU237,7206,713,213
Caroline AltingRSU3,645102,935
Richard BarkerRSU107,4603,034,670
Robert EiflerRSU78,0712,204,725
Richard BarkerRSU70,6361,994,761
Joey KawajaRSU67,9661,919,360
Jennie HowardRSU58,7821,660,004
Caroline AltingPSU58,7821,660,004
Joey KawajaRSU40,7521,150,836
Robert EiflerRSU33,960959,030
Jennie HowardRSU32,602920,680
Caroline AltingRSU32,602920,680
Richard BarkerRSU28,932817,040
Joey KawajaRSU22,656639,805
Robert EiflerRSU20,875589,510
Jennie HowardRSU19,594553,335
Caroline AltingRSU19,594553,335
Richard BarkerRSU15,698443,312
Joey KawajaRSU9,056255,741
Jennie HowardRSU7,245204,599
Caroline AltingRSU7,245204,599
Richard BarkerRSU6,627187,146
Joey KawajaRSU3,645102,935
Jennie HowardRSU2,48570,176
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-29127,864,6382,809,7055,190,18697.85%Passed
20252025-05-08117,454,0363,057,4706,115,85397.46%Passed
20242024-03-19109,681,2712,723,9158,206,89297.58%Passed
20232023-05-0296,849,792384,057418,96699.61%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2997.85%a
20252025-05-0897.46%b
20242024-03-1997.58%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)71 : 1
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Charles M. SledgeIndependent · Board Chair · Audit · Compensation · Nominating Governance$191,484$255,316$10,798$457,598
Claus V. HemmingsenIndependent · Nominating Governance (Chair) · Safety Sustainability (Chair)148,484192,69112,430353,605
Kristin H. HolthIndependent · Audit · Safety Sustainability · Not standing for re-election132,000192,69111,906336,597
Alan J. HirshbergIndependent · Compensation (Chair) · Nominating Governance130,000192,69112,270334,961
H. Keith JenningsIndependent · Audit (Chair) · Safety Sustainability133,984192,6918,150334,825
Patrice DouglasIndependent · Audit · Compensation120,000192,6914,254316,945
Alastair MaxwellIndependent · Departed during FY50,984192,69114,786258,461
Ann D. PickardIndependent · Departed during FY46,071192,69115,566254,328
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 20,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$953,007
Equity awards (grant-date value)$1,604,153
All other compensation$90,160
Total cost of the board$2,647,320

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

RTSR Percentile
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Noble Corp2025Robert Eifler$995,833$8,750,626$0$1,488,651$11,885,455

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Robert EiflerDEF 14A2026-03-160001140361-26-009587Section “Summary Compensation Table” · page 44. As printed: 11,885,455. Filing ↗machine: span 851072–851082
2Section 01, Richard BarkerDEF 14A2026-03-160001140361-26-009587Section “Summary Compensation Table” · page 44. As printed: 4,356,968. Filing ↗machine: r6 · c39 · span 861041–861050
3Section 01, Joey KawajaDEF 14A2026-03-160001140361-26-009587Section “Summary Compensation Table” · page 44. As printed: 3,172,803. Filing ↗machine: r9 · c39 · span 870411–870420
4Section 01, Jennie HowardDEF 14A2026-03-160001140361-26-009587Section “Summary Compensation Table” · page 44. As printed: 2,650,390. Filing ↗machine: r12 · c39 · span 880303–880312
5Section 01, Caroline AltingDEF 14A2026-03-160001140361-26-009587Section “Summary Compensation Table” · page 44. As printed: 2,552,421. Filing ↗machine: r14 · c39 · span 886915–886924
6Section 03, Caroline Alting RSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 971785–971792
7Section 03, Caroline Alting PSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Richard Barker PSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Richard Barker RSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 942531–942538
10Section 03, Robert Eifler PSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 930333–930342
11Section 03, Robert Eifler RSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 933685–933694
12Section 03, Jennie Howard RSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 961322–961329
13Section 03, Jennie Howard PSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Joey Kawaja RSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 952471–952478
15Section 03, Joey Kawaja PSUDEF 14A2026-03-160001140361-26-009587Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
16Section 07, pay ratioDEF 14A2026-03-160001140361-26-009587Section “CEO Pay Ratio”. As printed: 71 : 1. Filing ↗
17Section 08, Charles M. SledgeDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 457,598. Filing ↗machine: span 1319753–1319760
18Section 08, Claus V. HemmingsenDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 353,605. Filing ↗machine: span 1323535–1323542
19Section 08, Kristin H. HolthDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 336,597. Filing ↗machine: span 1327028–1327035
20Section 08, Alan J. HirshbergDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 334,961. Filing ↗machine: span 1325282–1325289
21Section 08, H. Keith JenningsDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 334,825. Filing ↗machine: span 1328774–1328781
22Section 08, Patrice DouglasDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 316,945. Filing ↗machine: span 1321786–1321793
23Section 08, Alastair MaxwellDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 258,461. Filing ↗machine: span 1330716–1330723
24Section 08, Ann D. PickardDEF 14A2026-03-160001140361-26-009587Section “Director Compensation”. As printed: 254,328. Filing ↗machine: span 1332962–1332969
25Section 06, 2026 voteForm 8-K2026-04-300001895262-26-000114Item 5.07 · say-on-pay result. As reported: 97.85% (votes for as printed: 127,864,638). Filing ↗
26Section 06, 2025 voteForm 8-K2025-05-090001628280-25-024323Item 5.07 · say-on-pay result. As reported: 97.46% (votes for as printed: 117,454,036). Filing ↗
27Section 06, 2024 voteForm 8-K2024-05-210001628280-24-024526Item 5.07 · say-on-pay result. As reported: 97.58% (votes for as printed: 109,681,271). Filing ↗
28Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
29Section 09b board cost (computed)ComputedcomputedCash 953,007 + equity 1,604,153 + all other 90,160 = 2,647,320, summed across the director compensation table rows.machine: formula: Σ = 2,647,320
30Noble Corp (subject), Section 10b CEO totalDEF 14A2026-03-160001140361-26-009587CEO total compensation as printed in Noble Corp's own proxy. As printed: 11,885,455. Filing ↗machine: span 851072–851082