Opening its proxy statement…Reading the pay tables…Finding what shareholders vote on…
Opening its proxy statement…Reading the pay tables…Finding what shareholders vote on…
NENoble Corp plc
Before its yearly shareholder meeting, a company sends out a proxy statement, filed with the SEC as a DEF 14A. It says what shareholders will vote on, who sits on the board, and how the top managers are paid, set against how the shares did. Here are the key parts of Noble Corp's latest one. Open the full statement.
The meeting date wasn't found in the text. The statement itself gives it on its first pages.
Audit firm put forward for approval: PricewaterhouseCoopers LLP
Proxy statement filed Mar 16, 2026.
The chief executive was paid about 71× what the employee in the exact middle of the company's pay scale earned (the CEO pay ratio).
Each square is one typical employee's yearly pay; together they add up to the chief executive's. The red square is one employee for scale. Ratios vary a lot between industries: a company with many part-time or overseas workers has a lower middle wage.
“Pay Ratio For 2025, the CEO to median employee pay ratio was 71:1.”
Since 2022, companies must show their bosses' pay next to how shareholders did. Two pay figures are given: the pay the board set for the year (from the summary pay table), and “compensation actually paid”, which re-values share awards at today's share price, so it rises and falls with the stock and can even be negative. Tap a year.
Year to Dec 31, 2025
Pay set for the chief executive: $11.9M
Actually paid, re-valued: $9.1M
Other top managers, on average: $3.2M
$100 in its shares became: $131 (similar companies: $109)
Profit (net income): $217.0M
The measure it ties pay to ((7)): $403.0M
Read straight from the tagged “pay versus performance” table in the proxy statement. The $100 figures assume $100 was invested at the start of the first year shown, with dividends reinvested.