Welcome to our dedicated page for Transocean SEC filings (Ticker: RIG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This Transocean Ltd. (NYSE: RIG) filings page brings together the company’s reports to the U.S. Securities and Exchange Commission, including Form 8-K current reports and references to its annual Form 10-K and other periodic filings. Transocean is a Swiss-incorporated offshore contract driller that focuses on ultra-deepwater and harsh environment services for oil and gas wells, and its SEC documents provide detailed insight into both operations and capital structure.
Recent Form 8-K filings describe material events such as contract awards and option exercises for rigs like Deepwater Atlas, Deepwater Mykonos, Deepwater Skyros, Transocean Enabler and Transocean Barents. These filings quantify the approximate additions to firm contract backlog and outline expected campaign durations and locations, giving investors a clearer view of future contracted activity.
Other 8-Ks focus on financing and capital markets transactions, including a private offering of Senior Priority Guaranteed Notes due 2032, cash tender offers for senior notes due 2041 and 2028, and an underwritten public offering of Transocean shares. These documents summarize key terms of new debt, tender offer conditions, early tender results and intended use of proceeds for debt repayment or redemption.
Transocean also uses Form 8-K to furnish quarterly financial results and to reference its earnings press releases and interactive data files formatted in Inline XBRL. The company’s disclosures note that additional risks and details are discussed in its Annual Report on Form 10-K and other SEC filings available on the SEC’s website.
On Stock Titan, AI-powered tools can help interpret these filings by highlighting contract-related disclosures, changes in backlog, new obligations under indentures, and the financial impact of tender offers and note issuances. Real-time updates from EDGAR, combined with AI summaries, allow users to quickly understand the significance of each new RIG filing without reading every page in full.
Transocean Ltd. reported fourth quarter and full year 2025 results showing stronger activity but a large accounting loss. Full-year contract drilling revenues rose to
The company recorded a net loss attributable to controlling interest of
Transocean retired approximately
Transocean Ltd. shareholder group updates its ownership and supports a major combination. Frederik W. Mohn and affiliated entities Perestroika AS and Perestroika (Cyprus) Ltd. report beneficial ownership of 96,918,301 Transocean shares, representing about 8.8% of the company, based on 1,101,441,205 shares outstanding as of October 23, 2025.
On November 24, 2025, Perestroika (Cyprus) Ltd. bought 1,500,000 Transocean shares at $4.02 per share using cash from ongoing operations. On February 9, 2026, Transocean and Valaris Limited entered a Business Combination Agreement under which Transocean will acquire all Valaris shares in exchange for Transocean shares at a fixed exchange ratio of 15.235 Transocean shares for each Valaris share.
In connection with this agreement, the reporting persons signed a Support Agreement with Valaris. They commit to vote all Transocean shares they own at the relevant shareholder meeting in favor of the transactions contemplated by the Business Combination Agreement, aligning their sizable stake with approval of the deal.
Transocean Ltd. disclosed new drilling contracts in Norway adding approximately $184 million to its firm contract backlog. A seven-well extension for the Transocean Encourage, estimated at 365 days of work starting in the first quarter of 2027, is expected to contribute about $152 million in backlog, excluding additional services. Two one-well options exercised for the Transocean Enabler add roughly 70 days of incremental work, contributing about $32 million in backlog, excluding additional services, and keep that rig committed through December 2027.
Transocean Ltd. agreed to acquire Valaris Limited in an all-stock business combination, exchanging 15.235 Transocean shares for each Valaris share via a Bermuda court-approved scheme of arrangement. After closing, Transocean shareholders are expected to own about 53% of the combined company and Valaris shareholders about 47%.
Management describes the deal as a transformational merger creating the largest offshore driller, with a pro forma contracted backlog of more than $10 billion and identified annual cost synergies of over $200 million, which they value at more than $1.5 billion. They expect the combination to be accretive to free cash flow and earnings per share and to help reduce the leverage ratio to roughly 1.5x within 24 months of closing.
The combined fleet will include high-specification deepwater drillships, harsh-environment semisubmersibles and a 31-rig jackup fleet, broadening geographic reach and customer offering. Closing is targeted for the second half of 2026, subject to shareholder approvals, regulatory clearances and court sanction, with reciprocal termination fees of $195 million for Transocean and $173 million for Valaris in specified circumstances.
Transocean Ltd. executive Robert Thaddeus Vayda, EVP and Chief Financial Officer, reported equity compensation and related share activity. On February 5, 2026, 34,726 registered shares were acquired at $0 following the vesting of deferred units from the 2023–2025 performance cycle. On the same date, he was granted 239,740 restricted units under the long-term incentive plan, which are scheduled to vest in three equal annual installments from March 1, 2027 through March 1, 2029. On February 6, 2026, 10,947 registered shares were sold at $4.99 solely to satisfy tax withholding obligations upon vesting. Following these transactions, he directly held 258,933 registered shares and 239,740 restricted units, while 91 registered shares were held indirectly by a child, with beneficial ownership of those indirect shares disclaimed.
Transocean Ltd.'s executive chair Jeremy Thigpen reported several equity compensation transactions. On February 5, 2026, 373,534 registered shares were acquired at $0 following the vesting of deferred units tied to the company’s 2023–2025 performance cycle. That same day, he was granted 407,332 restricted units under Transocean’s long-term incentive plan, scheduled to vest in three equal tranches on March 1, 2027, March 1, 2028, and March 1, 2029. On February 6, 2026, 147,729 shares were sold at $4.99 per share to cover tax withholding obligations related to the vesting, leaving him with 2,362,028 registered shares held directly.
Transocean Ltd. executive vice president and chief legal officer Brady K. Long reported multiple equity compensation transactions. On February 5, 2026, he acquired 101,873 registered shares at $0 upon vesting of deferred units tied to Transocean’s 2023–2025 performance cycle and was granted 233,290 restricted units under the company’s long-term incentive plan. These restricted share units are scheduled to vest in three equal tranches of 77,763 shares on March 1, 2027 and March 1, 2028, and 77,764 shares on March 1, 2029. On February 6, 2026, Long disposed of 40,294 registered shares at $4.99 per share in a transaction identified as shares sold upon vesting to satisfy tax withholding obligations. After these transactions, he beneficially owned 1,107,610 registered shares directly, as well as 233,290 restricted units.
Transocean Ltd. executive Mackenzie Roderick James, EVP and Chief Commercial Officer, reported equity compensation and related share activity. On February 5, 2026, 67,411 registered shares vested at $0, increasing his directly held registered shares to 279,483. The same day he received 204,939 restricted units under Transocean’s long-term incentive plan, which are scheduled to vest in three equal installments of 68,313 shares on March 1 of 2027, 2028, and 2029. On February 6, 2026, 26,665 registered shares were sold at $4.99 per share to satisfy tax withholding obligations, leaving 252,818 registered shares held directly, in addition to the 204,939 restricted units.
Transocean Ltd. executive Jason Pack, SVP and Chief Accounting Officer, reported equity compensation and related share activity. On February 5, 2026, he acquired 29,211 registered shares at $0 upon vesting of deferred units tied to the 2023-2025 performance cycle, bringing his direct holdings to 232,053 registered shares.
On the same date, he received 76,629 restricted units under Transocean’s long-term incentive plan, scheduled to vest in three equal installments of 25,543 units on March 1, 2027, March 1, 2028, and March 1, 2029. On February 6, 2026, he disposed of 11,557 registered shares at $4.99 per share to satisfy tax withholding obligations, resulting in 220,496 registered shares held directly, plus the 76,629 restricted units.
Transocean Ltd. President and CEO Keelan Adamson reported equity compensation activity and related tax withholding transactions. On February 5, 2026, deferred units awarded on February 9, 2023 vested, resulting in the acquisition of 130,738 registered shares at $0, increasing his direct holdings to 1,352,920 registered shares.
On February 6, 2026, he disposed of 51,709 registered shares at $4.99 per share to satisfy tax withholding obligations tied to the vesting, leaving 1,301,211 registered shares held directly. Separately, on February 5, 2026 he was granted 712,831 restricted units at $0 under the long-term incentive plan, all held directly.
These restricted share units vest in three tranches: 237,610 on March 1, 2027, 237,610 on March 1, 2028, and 237,611 on March 1, 2029, aligning his compensation with the company’s long-term performance cycles.