TMC the metals (TMC) executive compensation, 2025 proxy

Gerard Barron, Chief Executive Officer, was paid $3.2M in 2024, up 22% from $2.6M the year before.

Filed
July 18, 2025
Annual meeting
August 28, 2025
Pay year
2024
Named executives
3
CEO total pay
$3.2M+22% vs prior year
CEO pay in equity
58%$1.9M in awards
Barron base salary
$750,000New 2024 employment agreement
Barron target bonus
75%Percentage of base salary
Barron Signing RSUs
20,000,000Performance-based award
Shesky total compensation
$1,686,7832024 total
Ilves total compensation
$1,661,7582024 total
STIP grant price
$1.682024 RSU approval-date price

How Barron was paid

$3.2M in total for 2024, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary22%Bonus18%Stock awards58%All other compensation2%

Named executive officers

ExecutiveTotal
Gerard BarronChief Executive Officer$3,191,437
Craig SheskyChief Financial Officer$1,686,783
Erika IlvesChief Strategy Officer$1,661,758

What changed and why

  • $3.2M$3,191,437 was Gerard Barron's 2024 total compensation, versus $2,605,651 in 2023.
  • $1.9M$1,851,557 of Barron's 2024 compensation consisted of stock awards.
  • $574K$574,234 was Barron's 2024 bonus, delivered entirely as immediately vested RSUs.
  • 20,000,000 performance-based Signing RSUs were granted to Barron under his new employment agreement.
  • 75%75% of Barron's base salary was the target annual bonus under his 2024 employment agreement.
  • 2024 STIP bonuses were based on individual and company performance and paid as immediately vested RSUs.

Other TMC the metals proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.