Transocean (RIG) director logs equity award, option exercise and tax share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Transocean Ltd. director Chad C. Deaton reported compensation-related equity transactions in the company’s shares. On May 22, 2026, he exercised derivative securities to acquire 82,353 registered shares at $6.81 per share and received a grant of 30,435 Restricted Units, which are 1-for-1 registered share equivalents under the long-term incentive plan.
On May 26, 2026, 20,932 registered shares were disposed of at $6.70 per share to satisfy tax withholding obligations upon vesting of previously granted Restricted Units, rather than through an open-market sale. After these transactions, he directly holds 202,421 registered shares, and the new 30,435 Restricted Units will vest on the earlier of May 22, 2027 or the next Annual General Meeting, and will be settled in registered shares following vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DEATON CHAD C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Registered Shares | 20,932 | $6.70 | $140K |
| Grant/Award | Restricted Units | 30,435 | $0.00 | -- |
| Exercise | Registered Shares | 82,353 | $6.81 | $561K |
Holdings After Transaction:
Registered Shares — 202,421 shares (Direct, null);
Restricted Units — 30,435 shares (Direct, null)
Footnotes (1)
- Restricted Units, which are 1-for-1 share equivalents, acquired on May 30, 2025, pursuant to the Issuer's long-term incentive plan. The restricted share units vested on May 22, 2026, and the reporting person elected not to defer the receipt of the registered shares. Shares sold upon vesting to satisfy tax withholding obligations. Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 22, 2026, pursuant to the Issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 22, 2027, or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 22, 2026 grant date. Such Restricted Units will be payable in registered shares of the Issuer following the applicable vesting date, pursuant to the terms and conditions of the award.
Key Figures
Tax-withholding shares disposed: 20,932 shares at $6.70
Shares acquired via exercise: 82,353 shares at $6.81
Restricted Units granted: 30,435 units
+2 more
5 metrics
Tax-withholding shares disposed
20,932 shares at $6.70
Registered Shares disposed May 26, 2026 to satisfy tax withholding
Shares acquired via exercise
82,353 shares at $6.81
Registered Shares acquired May 22, 2026 through derivative exercise
Restricted Units granted
30,435 units
Restricted Units awarded May 22, 2026 under long-term incentive plan
Shares held after transactions
202,421 shares
Directly owned Registered Shares following Form 4 transactions
Restricted Units equivalence
1-for-1 share equivalents
Restricted Units convertible into registered shares upon vesting
Key Terms
Restricted Units, long-term incentive plan, tax withholding obligations, Annual General Meeting, +1 more
5 terms
Restricted Units financial
"Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 22, 2026"
long-term incentive plan financial
"were acquired on May 22, 2026, pursuant to the Issuer's long-term incentive plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax withholding obligations financial
"Shares sold upon vesting to satisfy tax withholding obligations"
Annual General Meeting financial
"vest on the earlier of: (i) May 22, 2027, or (ii) the date of the next Annual General Meeting"
derivative exercise/conversion financial
"transaction_action":"derivative exercise/conversion""
FAQ
What insider transactions did Transocean (RIG) director Chad C. Deaton report?
Chad C. Deaton reported exercising derivative securities to acquire 82,353 registered shares, receiving 30,435 Restricted Units as an award, and disposing of 20,932 shares to cover tax withholding. These actions are tied to the company’s long-term incentive plan and prior equity awards.
Were the Transocean (RIG) insider transactions open-market buys or sells?
The filing shows no open-market purchases or sales. Shares were acquired through a derivative exercise and a Restricted Unit grant, while 20,932 shares were disposed of solely to satisfy tax withholding obligations upon vesting of earlier Restricted Units granted under the incentive plan.
What Restricted Units did the Transocean (RIG) director receive and when do they vest?
On May 22, 2026, the director received 30,435 Restricted Units as an award under Transocean’s long-term incentive plan. These units vest on the earlier of May 22, 2027 or the date of the next Annual General Meeting, and will be paid in registered shares after vesting.
How are Transocean (RIG) Restricted Units described in the director’s Form 4 filing?
The Restricted Units are described as 1-for-1 registered share equivalents granted under Transocean’s long-term incentive plan. They vest on a specified future date or at the next Annual General Meeting and will be payable in registered shares according to the award’s terms and conditions.