2019 Annual Meeting of Stockholders
Significant Majority of CEO Pay is At Risk...
Demonstrating Pay for Performance Alignment
McDermott's compensation program is designed to align interests of executives with those of our
stockholders with a focus on long-term performance results
CEO 2018 Post-Combination Target Total Direct Compensation
CEO 2018 LTI Value Reduction
10%
10-
$6.4 million
$8.3 million
8
77%
Long-Term Incentives, or LTI
Variable compensation
designed to align interests
of executives with those of
our stockholders with a
focus on long-term
performance results
Annual Base Salary
Fixed cash compensation
recognizing an executive officer's
experience, skill and performance
M
CO
6
13%
90%
At Risk
Annual Incentive, or EICP
Variable compensation
designed to reward
achievement of short-term
business goals and strategic
objectives, while recognizing
individual contributions
4-
$1.9 million
2
0
LTI Award Value
on Grant Date
3/1/18 RSU
LTI Award Value
as of 12/31/18
6/1/18 RSU
6/1/18 PU*
Investor Presentation: 2019 Annual Meeting of Stockholders
The LTI award value as of December 31, 2018 is based on McDermott's closing stock price as of December
31, 2018. The value of performance units as of December 31, 2018 is based on achieving threshold
performance.
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