Seadrill (SDRL) CEO granted 33,304 restricted stock units as equity pay

Rhea-AI Filing Summary

Ali Samir H reported acquisition or exercise transactions in this Form 4 filing.

Seadrill Ltd President & CEO Ali Samir H received a grant of 33,304 restricted stock units as compensation. The RSUs were granted on March 16, 2026, with each unit representing a contingent right to receive one common share of Seadrill Limited.

The RSUs vest in three equal annual installments starting on March 16, 2027. They will be settled in either cash or common shares, at the election of the Joint Nomination and Remuneration Committee of the Board. Following this grant, the reporting person holds 33,304 RSUs directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ali Samir H

(Last) (First) (Middle)

11025 EQUITY DRIVE, SUITE 150

(Street)

HOUSTON TEXAS 77041

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Seadrill Ltd [ SDRL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/18/2026		A		33,304		(2)	(2)	Common Shares	33,304	$0	33,304	D

Explanation of Responses:

1. Represents restricted stock units granted to the reporting person on March 16, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

2. The restricted stock units vest in three equal annual installments beginning on March 16, 2027 and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

	/s/ Todd D. Strickler, attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Seadrill (SDRL) report for its CEO?

Seadrill reported that President & CEO Ali Samir H received a grant of 33,304 restricted stock units. These RSUs are a form of equity-based compensation and do not represent an open-market purchase or sale of Seadrill common shares.

How many restricted stock units were granted to Seadrill (SDRL) CEO Ali Samir H?

Seadrill’s CEO Ali Samir H was granted 33,304 restricted stock units. Each unit represents a contingent right to receive one Seadrill common share, providing equity-linked compensation aligned with the company’s performance over time.

When do the new RSUs granted by Seadrill (SDRL) to its CEO vest?

The 33,304 restricted stock units granted to Seadrill’s CEO vest in three equal annual installments beginning on March 16, 2027. This multi-year vesting schedule is designed to support longer-term alignment with company performance.

How will the Seadrill (SDRL) CEO’s restricted stock units be settled?

The restricted stock units granted to Seadrill’s CEO will be settled in either cash or common shares. The choice of cash or share settlement is made by the Joint Nomination and Remuneration Committee of Seadrill’s Board of Directors at the time of settlement.

Is the Seadrill (SDRL) CEO’s RSU grant an open-market share purchase?

No, the Seadrill CEO’s grant of 33,304 restricted stock units is compensation, not an open-market purchase. It represents a contingent right to future value rather than an immediate buy or sell transaction in Seadrill common shares.