Transocean (RIG) director receives 30,435 Restricted Units as equity award
Rhea-AI Filing Summary
Barker Glyn Anthony reported acquisition or exercise transactions in this Form 4 filing.
Transocean Ltd. director Glyn Anthony Barker received a grant of 30,435 Restricted Units on May 22, 2026 under the company’s long-term incentive plan. These units are 1-for-1 equivalents of registered shares and were awarded at a stated price of $0.00 per unit as equity compensation.
The Restricted Units vest on the earlier of May 22, 2027 or the date of the next Annual General Meeting of shareholders following the May 22, 2026 grant date. After vesting, they will be settled in registered shares, bringing Barker’s reported holdings in this award to 30,435 units.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Barker Glyn Anthony
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Units | 30,435 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Units — 30,435 shares (Direct)
Footnotes (1)
- F1. 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
Restricted Units granted: 30,435 units
Grant price per unit: $0.00 per unit
Units after transaction: 30,435 units
+2 more
5 metrics
Restricted Units granted
30,435 units
Grant on May 22, 2026
Grant price per unit
$0.00 per unit
Restricted Unit award
Units after transaction
30,435 units
Total reported following transaction
Underlying registered shares
30,435 shares
1-for-1 equivalents to units
Latest vesting date
May 22, 2027
Vesting deadline for Restricted Units
Key Terms
Restricted Units, long-term incentive plan, Annual General Meeting, Registered Shares
4 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.
Annual General Meeting financial
"vest on the earlier of: (i) May 22, 2027, or (ii) the date of the next Annual General Meeting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Transocean (RIG) report for Glyn Anthony Barker?
Transocean reported that director Glyn Anthony Barker received 30,435 Restricted Units on May 22, 2026. These units are equity awards granted under the company’s long-term incentive plan and are equivalent on a 1-for-1 basis to registered shares.
How many Restricted Units were granted to the Transocean (RIG) director?
The director received 30,435 Restricted Units in this transaction. These units represent potential future registered shares, subject to vesting conditions described in the award, and increase the director’s equity-based compensation exposure to Transocean.
When do the Restricted Units granted to the Transocean (RIG) director vest?
The Restricted Units vest on the earlier of May 22, 2027, or the date of the next Annual General Meeting of shareholders following the May 22, 2026 grant date. Vesting must occur before the units can be settled in registered shares.
How will the Transocean (RIG) Restricted Units be settled after vesting?
After they vest, the Restricted Units will be payable in registered shares of Transocean. Each unit converts into one registered share, according to the award terms, providing the director with actual share ownership instead of just unit-based awards.
Was the Transocean (RIG) director’s Restricted Unit award an open-market purchase or a compensation grant?
The award was a compensation-related grant under Transocean’s long-term incentive plan, not an open-market purchase. It was reported with transaction code A, meaning grant or award acquisition at a stated price of $0.00 per unit.
How many Transocean (RIG) Restricted Units does the director hold after this grant?
Following the grant, the director’s reported holdings in this award total 30,435 Restricted Units. These units remain subject to the specified vesting conditions before they can convert into registered shares of Transocean.