SDRL Form 4: CEO Vesting of 75,871 RSUs and 32,716-Share Disposition
Rhea-AI Filing Summary
Seadrill Limited (SDRL) Form 4: Simon Johnson, President & CEO, reported transactions on 08/27/2025 related to performance-based restricted stock units and a subsequent disposition. A certification by the Board committee credited 60.86% of previously granted performance RSUs, resulting in 75,871 restricted stock units being earned and settled into common shares. On the same date a separate transaction disposed of 32,716 common shares at $31.97 per share. Following the reported activity, the filing shows beneficial ownership figures of 121,735 shares (after the award) and 89,019 shares (after the disposition). The Form 4 is signed by an attorney-in-fact on 08/28/2025.
Positive
- Performance award certified at 60.86%, resulting in 75,871 RSUs settling into common shares
- Detailed disclosure of both the RSU settlement and the contemporaneous disposition, supporting transparency
Negative
- Reporting person disposed of 32,716 shares at $31.97, reducing beneficial ownership to 89,019 shares
Insights
TL;DR: CEO received 75,871 earned RSUs (60.86% payout) and sold 32,716 shares at $31.97, netting a reduction in beneficial holdings.
The reported vesting reflects realization of performance-based compensation granted in 2022, with the Joint Nomination and Remuneration Committee certifying achievement at 60.86%. The settlement of 75,871 RSUs increases issued common shares to the reporting person before the subsequent disposition. The sale of 32,716 shares at $31.97 reduces his post-transaction beneficial ownership to 89,019 shares per the filing. This is a routine executive compensation settlement and partial sale; the filing contains no additional financial metrics or forward-looking items.
TL;DR: This is a standard disclosure of earned performance RSUs vesting and an immediate partial disposition; governance process is documented by committee certification.
The Form 4 documents the culmination of a multi-year performance award granted on August 6, 2022, and shows committee certification of performance achievement on August 27, 2025. The filing is signed by an attorney-in-fact, consistent with procedural practice. There are no indications of unusual related-party transactions or changes in role; the report simply records compensation vesting and a contemporaneous sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 75,871 | $0.00 | $0.00 |
| Exercise | Common Shares | 75,871 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 32,716 | $31.97 | $1.05M |
Footnotes (1)
- F1. On August 6, 2022, the reporting person was granted 124,662 performance-based restricted stock units, each of which represented a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units could be earned based on the extent the Company maintained or exceeded set per Common Share trading prices for a period of at least 45 consecutive trading days over the period beginning on August 6, 2022 and ending on August 6, 2025. The earned restricted stock units vested subject to the reporting person's continued employment during such period. On August 27, 2025, the Joint Nomination and Remuneration Committee of the Board of Directors of the Company certified achievement of the performance goals at 60.86%.
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