Welcome to our dedicated page for Transocean Ltd. 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 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.
A holder of RIG common stock has filed a Rule 144 notice to sell 81,553 shares through Morgan Stanley Smith Barney LLC on or about 01/26/2026 on the NYSE, with an indicated aggregate market value of $393,900.99. These shares were acquired as restricted stock units from the issuer on 03/01/2024, with the same date shown for payment. The notice also lists prior Rule 10b5-1 sales for Keelan Adamson in the past three months, including 57,968 shares sold for $260,856.00 on 12/05/2025 and 8,469 shares sold for $38,110.50 on 12/04/2025. Common shares outstanding are shown as 1,101,441,205 at the time of the filing.
Transocean Ltd. reported new work for two of its offshore drilling rigs, adding about $168 million to its firm contract backlog. The Deepwater Mykonos received a new contract with bp in Brazil, with an estimated 302-day campaign expected to start in the third quarter of 2026 and contribute roughly $120 million in backlog, excluding additional services and mobilization or demobilization compensation.
In Norway, three one-well options were exercised for the Transocean Enabler, adding 105 days of work in direct continuation of the rig’s current activity and contributing about $48 million in backlog. This extension commits the Transocean Enabler through September 2027, supporting future revenue visibility for the company’s fleet.
Transocean Ltd. reported insider share sales by its President and CEO. The Form 4 shows that on 12/04/2025 and 12/05/2025, the CEO sold 8,469 and 57,968 registered shares of Transocean, respectively, at a price of $4.5 per share. These transactions were coded as open market or private sales.
After these sales, the CEO beneficially owned 1,361,683 shares following the first transaction and 1,303,715 shares following the second, all held directly. The filing notes that these sales were carried out under a Rule 10b5-1 trading plan adopted on March 28, 2025, indicating they were made according to a pre-arranged plan rather than discretionary timing.
Transocean Ltd. reported that it has signed a new six-well contract in Australia for its ultra-deepwater drillship Deepwater Skyros with an undisclosed operator. The work is expected to last about 320 days, begin in the first quarter of 2027, and add approximately $130 million to the company’s contracted backlog, excluding any mobilization or demobilization payments.
The agreement also includes priced option periods that, if fully exercised, could keep the Deepwater Skyros operating in Australia into early 2030. This multi-well, multi-year opportunity extends Transocean’s future revenue visibility for one of its high-specification offshore rigs.