Welcome to our dedicated page for Seadrill SEC filings (Ticker: SDRL), 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.
Seadrill Limited filings document regulatory disclosures for a Bermuda offshore drilling contractor with common shares listed on the New York Stock Exchange under SDRL. Recent Form 8-K reports furnish quarterly and annual operating results, financial condition, contract backlog, guidance and fleet-related press releases.
The company's proxy and governance filings cover annual shareholder meeting matters, board oversight, executive compensation and officer changes. Material-event filings also document leadership transitions, compensation arrangements, registered share class information, exhibits and Inline XBRL cover data tied to Seadrill's public-company reporting.
Seadrill Finance Limited, a wholly owned subsidiary of Seadrill Limited, issued $700 million of 6.750% Senior Notes due 2034 in a Rule 144A/Reg S offering, fully and unconditionally guaranteed by Seadrill and certain subsidiaries.
The notes mature on July 15, 2034, pay interest semi-annually starting January 15, 2027, and are callable from July 15, 2029 at step-down premiums, or earlier at a make-whole price, with an equity claw of up to 40% at 106.750%. Proceeds were used to fund the redemption of the company’s 8.375% Senior Secured Second Lien Notes due 2030, of which approximately $575 million was outstanding as of March 31, 2026, resulting in satisfaction and discharge of that indenture. Seadrill also amended its Senior Secured Revolving Credit Agreement, increasing revolving commitments from $225 million to $300 million, which remain undrawn.
Seadrill Limited has extended its existing share repurchase program, which authorizes up to $500 million of common share buybacks. As of June 19, 2026, about $208 million of this amount remained available. On June 22, 2026, the Board approved an extension of the program’s expiration date from June 25, 2026 to December 31, 2026. The company notes that repurchases are discretionary and may be modified, suspended or discontinued, and can be executed through various methods including open market purchases, privately negotiated transactions, block trades, tender offers and derivative transactions.
Seadrill Limited amended its senior secured revolving credit facility, increasing commitments for revolving borrowings from $225 million to $300 million and extending the stated maturity from 2028 to 2031, subject to conditions in the amendment. The agreement, entered into on June 16, 2026, also removes certain immaterial subsidiaries as guarantors and certain stacked vessels as collateral, adjusts commitment fees, and relaxes some restrictive covenants to provide more operational and financial flexibility for the company and its subsidiaries. The amendment is expected to become effective on June 30, 2026 once the specified conditions are satisfied or waived.
Seadrill Limited announced a planned private offering of $600 million in senior unsecured notes due 2034 through its subsidiary Seadrill Finance, sold under Rule 144A and Regulation S. Net proceeds, together with cash on hand, are intended to redeem approximately $575 million of outstanding 8.375% Senior Secured Second Lien Notes due 2030 and discharge that indenture. Seadrill is also discussing an amendment to its Senior Secured Revolving Credit Agreement to increase commitments from $225 million to up to $300 million and extend the maturity from 2028 to 2031. As of March 31, 2026, contract backlog totaled $2,481 million, Adjusted EBITDA for the prior twelve months was $377 million, Net loss was $70 million, and Net Debt was $321 million.
SEADRILL Ltd officer Torsten Sauer-Petersen reported an open-market sale of common shares. On June 10, 2026, he sold 42,625 common shares at a weighted average price of $44.68 per share. After this transaction, he no longer holds any common shares directly.
The sale was executed in multiple trades at prices ranging from $44.505 to $44.895, and the weighted average price reflects this range.
SEADRILL Ltd Executive Vice President & CFO Creed Grant R sold common shares in two open-market transactions. On June 11, 2026, he sold a total of 34,147 common shares of SEADRILL Ltd in open-market sales.
The first sale covered 27,952 shares at a weighted average price of $44.92, with individual trades executed between $43.87 and $44.435. The second sale covered 6,195 shares at a weighted average price of $44.20, with trades between $44.44 and $45.425, as disclosed in the footnotes.
SEADRILL Ltd senior vice president and general counsel Todd D. Strickler sold 31,409 common shares in an open-market transaction. The weighted average sale price was $44.69 per share, with individual trades ranging from $44.49 to $44.91. Following this transaction, the filing reports that he directly owns no common shares.
SEADRILL Ltd Senior VP of Operations Marcel Wieggers reported selling 13,475 common shares in open-market transactions. On June 11, 2026, he completed two sales of Seadrill common shares, totaling 13,475 shares, at prices around the mid-$40s per share.
The filing notes that one reported price is a weighted average, with individual trades executed between $44.92 and $45.21 per share. These are non-derivative transactions in common shares and there are no related option or derivative exercises disclosed in this filing.
MCCOLLUM MARK A reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd director Mark A. McCollum received a grant of 2,618 restricted stock units. These units were granted on June 3, 2026 and each unit represents a contingent right to receive one common share of Seadrill Limited.
The restricted stock units will vest either on the date of the company’s 2027 Annual General Meeting of Shareholders, if that meeting occurs at least 50 weeks after the grant date, or earlier on the first anniversary of the grant date if the meeting is held sooner. Upon vesting, they will be settled in either cash or common shares at the election of the board’s Joint Nomination and Remuneration Committee.
CAHUZAC JEAN reported acquisition or exercise transactions in this Form 4 filing.
SEADRILL Ltd director Jean Cahuzac received a grant of 2,618 restricted stock units (RSUs). Each RSU represents a contingent right to receive one common share of Seadrill Limited, giving him 2,618 RSUs and 2,618 underlying common shares reported following this grant.
The RSUs vest on the date of the company’s 2027 Annual General Meeting of Shareholders if that meeting occurs at least 50 weeks after the grant. If the meeting occurs earlier or less than 50 weeks from the grant, the RSUs vest on the first anniversary of the grant date. Upon vesting, they will be settled in either cash or common shares at the election of the Board’s Joint Nomination and Remuneration Committee.