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.
Transocean Ltd. filings document an offshore contract drilling issuer whose shares are registered on the New York Stock Exchange under RIG. Its Form 8-K reports furnish operating results, financial condition disclosures, Regulation FD fleet status reports and exhibits covering drilling rig status, contract information and backlog-related updates for ultra-deepwater drillships and harsh-environment semisubmersibles.
The company’s regulatory record also includes statutory consolidated financial statements, proxy and governance materials, shareholder voting matters, capital-structure disclosures and material-event reports related to rig awards, contract extensions, debt actions and registered share information.
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.
Transocean Ltd. has signed a definitive agreement to acquire Valaris Limited in an all-stock transaction valued at approximately $5.8 billion, creating a combined offshore driller with an estimated $17 billion enterprise value.
The merged company is expected to own a diversified fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semisubmersibles and 31 modern jackups, and to have an industry-leading backlog of about $10 billion, providing revenue visibility.
Management targets more than $200 million of cost synergies on top of Transocean’s ongoing cost-reduction plan of over $250 million through 2026, with an expected leverage ratio of about 1.5x within 24 months of closing. Transocean shareholders are expected to own roughly 53% of the combined company and Valaris shareholders 47%, based on a fixed exchange ratio of 15.235 Transocean shares per Valaris share, with closing targeted for the second half of 2026, subject to shareholder and regulatory approvals.
Transocean Ltd.'s EVP & Chief Legal Officer, Brady K. Long, reported pre-planned share sales under a Rule 10b5-1 trading plan. He sold 16,085 registered shares on January 26, 2026 and 99,293 registered shares on January 27, 2026.
The reported weighted average sale prices were about $5.00 per share, with individual trades ranging from $5.00 to $5.02. After these transactions, he directly beneficially owned 1,046,031 registered shares of Transocean.
Transocean Ltd. President and CEO Keelan Adamson sold 81,533 registered shares in pre-planned transactions. The sales occurred on January 26, 2026 and January 27, 2026 at prices around $5.00 per share under a Rule 10b5-1 trading plan adopted on March 28, 2025.
He sold 22,846 shares at $5.00 and 58,687 shares at a weighted average price of $5.00, with individual trades ranging from $5.00 to $5.01. After these transactions, he directly owns 1,222,182 registered shares of Transocean.
A holder of 115,378 shares of common stock of the issuer with ticker RIG has filed a notice of proposed sale under SEC Rule 144. The shares are planned to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with an stated aggregate market value of $557,275.74. The issuer reported 1,101,441,205 shares outstanding for context.
The securities to be sold were acquired on 03/01/2024 as restricted stock units granted by the issuer in the same amount of 115,378 shares. By signing the notice, the seller represents they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.