[Form 4] Seadrill Limited Insider Trading Activity
Seadrill Limited (SDRL) insider reported equity changes by EVP & CFO Grant R. Creed. The filing shows vesting and disposition activity tied to performance-based restricted stock units originally granted in 2022. A certification determined 60.86% achievement of the performance goals, converting a portion of the award into 26,555 common shares which were reported as acquired. Separately, 11,566 common shares were disposed of at $31.97, leaving the reporting person with 31,417 shares beneficially owned after the transactions. The activity reflects compensation vesting rather than open-market purchases.
Il dirigente di Seadrill Limited (SDRL), EVP e CFO Grant R. Creed, ha segnalato variazioni nel proprio capitale sociale. La comunicazione riporta il consolidamento e la cessione di azioni legate a restricted stock unit basate sulle performance originariamente assegnate nel 2022. Una certificazione ha stabilito il raggiungimento del 60,86% degli obiettivi di performance, convertendo parte dell’assegnazione in 26.555 azioni ordinarie, indicate come acquisite. Separatamente, sono state cedute 11.566 azioni ordinarie a 31,97 USD, lasciando al dichiarante un possesso beneficiario di 31.417 azioni dopo le operazioni. L’operazione deriva da un vesting compensativo e non da acquisti sul mercato aperto.
Un directivo de Seadrill Limited (SDRL), el EVP y CFO Grant R. Creed, informó cambios en su participación accionaria. El informe detalla la consolidación y disposición de acciones vinculadas a unidades de acciones restringidas por desempeño otorgadas originalmente en 2022. Una certificación determinó un cumplimiento del 60,86% de las metas de rendimiento, convirtiendo parte del premio en 26.555 acciones ordinarias reportadas como adquiridas. De forma separada, se dispusieron 11.566 acciones ordinarias a 31,97 USD, quedando el declarante con 31.417 acciones en propiedad beneficiosa tras las transacciones. La operación corresponde al vesting de una compensación, no a compras en el mercado abierto.
Seadrill Limited(SDRL)의 EVP 겸 CFO인 Grant R. Creed가 보유지분 변동을 신고했습니다. 제출자료에는 2022년에 부여된 성과 기반 제한주식유닛(RSU)의 확정 및 처분 내역이 기재되어 있습니다. 인증 결과 성과 목표 달성률이 60.86%로 판정되어 일부 보상이 26,555주의 보통주로 전환되어 취득된 것으로 보고되었습니다. 별도로 보통주 11,566주가 주당 31.97달러에 처분되어, 거래 후 보도인은 총 31,417주의 실질적 보유주식을 보유하게 되었습니다. 이 거래는 공개시장 매수가 아닌 보상에 따른 베스팅입니다.
Un initié de Seadrill Limited (SDRL), le EVP et CFO Grant R. Creed, a déclaré des changements dans ses participations. le dépôt indique des opérations de vesting et de cession liées à des unités d’actions restreintes basées sur la performance, attribuées initialement en 2022. Une certification a déterminé un taux d’atteinte des objectifs de 60,86 %, convertissant une partie de l’attribution en 26 555 actions ordinaires signalées comme acquises. Par ailleurs, 11 566 actions ordinaires ont été cédées à 31,97 USD, laissant la personne déclarant détenir 31 417 actions en propriété bénéficiaire après les transactions. Cette opération résulte d’un vesting de rémunération et non d’achats sur le marché libre.
Seadrill Limited (SDRL)-Insider und EVP & CFO Grant R. Creed meldete Veränderungen im Aktienbesitz. Die Meldung zeigt Vesting- und Veräußerungsaktivitäten im Zusammenhang mit leistungsgebundenen Restricted Stock Units, die ursprünglich 2022 gewährt wurden. Eine Zertifizierung ergab eine Zielerreichung von 60,86 %, wodurch ein Teil der Zuwendung in 26.555 Stammaktien umgewandelt und als erworben gemeldet wurde. Separat wurden 11.566 Stammaktien zu 31,97 USD veräußert, sodass die meldende Person nach den Transaktionen 31.417 wirtschaftlich gehaltene Aktien besitzt. Es handelt sich um ein Vergütungs-Vesting, nicht um Käufe am offenen Markt.
- Performance plan achieved at 60.86%, resulting in vested awards converted into 26,555 common shares
- Reported transactions are compensation-related, indicating alignment of executive pay with performance metrics
- Partial sale of vested shares (11,566 shares at $31.97) reduced the reporting person's stake
- Final beneficial ownership is modest at 31,417 shares, which may be immaterial relative to company size
Insights
TL;DR: Insider exercised/received performance-based RSUs at a 60.86% payout and sold part of holdings, consistent with compensation realization.
The reporting shows a performance certification leading to partial vesting of PRSUs granted in 2022 and conversion into 26,555 common shares. The subsequent reported disposition of 11,566 shares at $31.97 reduced total beneficial ownership to 31,417 shares. This pattern is typical for executive compensation realization and modest liquidity; no indication of unusual timing or market-moving transfers is present within this filing.
TL;DR: Materiality is limited; transaction sizes are small relative to typical market capitalization and appear to be compensation-related.
The filing documents the conversion of performance-based restricted stock units into common shares based on a 60.86% achievement rate and a follow-on sale of 11,566 shares at $31.97. The net post-transaction holding is 31,417 shares. For most investors, these transactions signal executive compensation realization rather than a change in corporate control or major insider repositioning.
Il dirigente di Seadrill Limited (SDRL), EVP e CFO Grant R. Creed, ha segnalato variazioni nel proprio capitale sociale. La comunicazione riporta il consolidamento e la cessione di azioni legate a restricted stock unit basate sulle performance originariamente assegnate nel 2022. Una certificazione ha stabilito il raggiungimento del 60,86% degli obiettivi di performance, convertendo parte dell’assegnazione in 26.555 azioni ordinarie, indicate come acquisite. Separatamente, sono state cedute 11.566 azioni ordinarie a 31,97 USD, lasciando al dichiarante un possesso beneficiario di 31.417 azioni dopo le operazioni. L’operazione deriva da un vesting compensativo e non da acquisti sul mercato aperto.
Un directivo de Seadrill Limited (SDRL), el EVP y CFO Grant R. Creed, informó cambios en su participación accionaria. El informe detalla la consolidación y disposición de acciones vinculadas a unidades de acciones restringidas por desempeño otorgadas originalmente en 2022. Una certificación determinó un cumplimiento del 60,86% de las metas de rendimiento, convirtiendo parte del premio en 26.555 acciones ordinarias reportadas como adquiridas. De forma separada, se dispusieron 11.566 acciones ordinarias a 31,97 USD, quedando el declarante con 31.417 acciones en propiedad beneficiosa tras las transacciones. La operación corresponde al vesting de una compensación, no a compras en el mercado abierto.
Seadrill Limited(SDRL)의 EVP 겸 CFO인 Grant R. Creed가 보유지분 변동을 신고했습니다. 제출자료에는 2022년에 부여된 성과 기반 제한주식유닛(RSU)의 확정 및 처분 내역이 기재되어 있습니다. 인증 결과 성과 목표 달성률이 60.86%로 판정되어 일부 보상이 26,555주의 보통주로 전환되어 취득된 것으로 보고되었습니다. 별도로 보통주 11,566주가 주당 31.97달러에 처분되어, 거래 후 보도인은 총 31,417주의 실질적 보유주식을 보유하게 되었습니다. 이 거래는 공개시장 매수가 아닌 보상에 따른 베스팅입니다.
Un initié de Seadrill Limited (SDRL), le EVP et CFO Grant R. Creed, a déclaré des changements dans ses participations. le dépôt indique des opérations de vesting et de cession liées à des unités d’actions restreintes basées sur la performance, attribuées initialement en 2022. Une certification a déterminé un taux d’atteinte des objectifs de 60,86 %, convertissant une partie de l’attribution en 26 555 actions ordinaires signalées comme acquises. Par ailleurs, 11 566 actions ordinaires ont été cédées à 31,97 USD, laissant la personne déclarant détenir 31 417 actions en propriété bénéficiaire après les transactions. Cette opération résulte d’un vesting de rémunération et non d’achats sur le marché libre.
Seadrill Limited (SDRL)-Insider und EVP & CFO Grant R. Creed meldete Veränderungen im Aktienbesitz. Die Meldung zeigt Vesting- und Veräußerungsaktivitäten im Zusammenhang mit leistungsgebundenen Restricted Stock Units, die ursprünglich 2022 gewährt wurden. Eine Zertifizierung ergab eine Zielerreichung von 60,86 %, wodurch ein Teil der Zuwendung in 26.555 Stammaktien umgewandelt und als erworben gemeldet wurde. Separat wurden 11.566 Stammaktien zu 31,97 USD veräußert, sodass die meldende Person nach den Transaktionen 31.417 wirtschaftlich gehaltene Aktien besitzt. Es handelt sich um ein Vergütungs-Vesting, nicht um Käufe am offenen Markt.
FAQ
What did Grant R. Creed report on the Form 4 for Seadrill (SDRL)?
Why were shares acquired according to the Form 4?
How many shares were sold and at what price?
What is the reporting person’s role at Seadrill?
Does the Form 4 indicate unusual insider activity?
