---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-048642"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:19:54.656072+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TMC enters new employment agreement with CEO Gerard Barron; receives 20M performance-based RSUs

## Summary
- Base salary set at $750,000; annual cash bonus target 75% of base salary.
- Signing grant of 20M performance-based RSUs; vests in tranches at $7.50, $10.00, $12.50 share prices by April 2029.
- CEO cannot sell vested shares until fifth anniversary of the agreement.
- Severance for non-Cause termination or Good Reason: 18 months base salary, pro-rata bonus, 18-month equity acceleration (excl. Signing RSUs).
- Change-of-control severance: 24 months base salary, 2x bonus, full acceleration of all equity (incl. Signing RSUs).

## SEC filing metadata
- accession: 0001104659-24-048642
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924048642/0001104659-24-048642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924048642/tm2411911d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-048642
- JSON: https://secwatch.observer/filing/0001104659-24-048642.json
- Plain text: https://secwatch.observer/filing/0001104659-24-048642.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.