Seadrill (SDRL) director Julie Robertson awarded 3,272 restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ROBERTSON JULIE J reported acquisition or exercise transactions in this Form 4 filing.

SEADRILL Ltd director Julie J. Robertson received a grant of 3,272 restricted stock units. The award was granted on June 3, 2026 as equity-based compensation, not an open-market stock purchase or sale.

Each restricted stock unit represents a contingent right to receive one common share of Seadrill Limited with a par value of $0.01 per share. The units vest on the date of the 2027 Annual General Meeting of Shareholders if that meeting occurs at least 50 weeks after the grant date, or otherwise on the first anniversary of the grant date. Vesting units will be settled in cash or common shares at the election of the Joint Nomination and Remuneration Committee of the Board. Following this grant, Robertson directly holds 3,272 restricted stock units tied to common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ROBERTSON JULIE J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	3,272	$0.00	--

Holdings After Transaction: Restricted Stock Units — 3,272 shares (Direct, null)

Footnotes (1)

Represents restricted stock units granted to the reporting person on June 3, 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"). The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, 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.

Key Figures

RSUs granted: 3,272 units Exercise/conversion price: $0.00 per unit Underlying common shares: 3,272 shares +2 more

5 metrics

RSUs granted 3,272 units Restricted stock units granted June 3, 2026

Exercise/conversion price $0.00 per unit Grant price for restricted stock units

Underlying common shares 3,272 shares Each unit represents one common share

Par value per common share $0.01 per share Par value of Seadrill common shares

Holdings after transaction 3,272 RSUs Total restricted stock units held directly after grant

Key Terms

Restricted Stock Units, contingent right, Annual General Meeting of Shareholders, par value, +1 more

5 terms

Restricted Stock Units financial

"Represents restricted stock units granted to the reporting person on June 3, 2026."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one common share."

Annual General Meeting of Shareholders financial

"The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company."

par value financial

"one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited."

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

Joint Nomination and Remuneration Committee financial

"settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board."

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 11:41 AM

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
Estimated average burden
hours per response:			0.5

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^*

ROBERTSON JULIE J

(Last)

(First)

(Middle)

4425 WESTWAY PARK BLVD., SUITE 170

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/03/2026		A		3,272		⁽²⁾	⁽²⁾	Common Shares	3,272	$0	3,272	D

Explanation of Responses:

1. Represents restricted stock units granted to the reporting person on June 3, 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 either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, 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	06/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SEADRILL (SDRL) report for Julie J. Robertson?

SEADRILL reported that director Julie J. Robertson received a grant of 3,272 restricted stock units on June 3, 2026. This award is equity compensation, giving her a contingent right to receive Seadrill common shares subject to vesting conditions and future settlement decisions.

How many restricted stock units did Julie J. Robertson receive from SEADRILL (SDRL)?

Julie J. Robertson received 3,272 restricted stock units from Seadrill. Each unit represents a contingent right to one common share with a par value of $0.01, subject to vesting and later settlement in either cash or shares at the committee’s election.

What is the vesting schedule for Julie J. Robertson’s SEADRILL (SDRL) restricted stock units?

The restricted stock units vest on the date of Seadrill’s 2027 Annual General Meeting if it occurs at least 50 weeks after grant. If the meeting is earlier or less than 50 weeks from grant, vesting instead occurs on the first anniversary of the June 3, 2026 grant date.

How will Julie J. Robertson’s SEADRILL (SDRL) restricted stock units be settled?

Upon vesting, the restricted stock units will be settled in either cash or Seadrill common shares. The choice between cash and shares is made by the Joint Nomination and Remuneration Committee of Seadrill’s Board, not unilaterally by the director receiving the award.

Did Julie J. Robertson buy or sell SEADRILL (SDRL) shares on the market?

The Form 4 shows a grant of restricted stock units as compensation, not a market purchase or sale. The transaction code is “A” for award, and the price per unit is recorded as $0.00, indicating no open-market cash transaction occurred.

How many SEADRILL (SDRL) restricted stock units does Julie J. Robertson hold after this grant?

After the June 3, 2026 grant, Julie J. Robertson holds 3,272 restricted stock units directly. Each unit is tied to a contingent right to receive one Seadrill common share, subject to meeting the specified vesting conditions and subsequent settlement decisions.