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Seadrill (SDRL) director Jan Kjaervik awarded 2,618 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kjaervik Jan reported acquisition or exercise transactions in this Form 4 filing.

Seadrill Ltd director Jan Kjaervik received a grant of 2,618 restricted stock units. The award was granted on June 3, 2026 and each unit represents a contingent right to receive one common share of Seadrill Limited, with a par value of $0.01 per share.

The units will 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 date. If the meeting is earlier or held less than 50 weeks from grant, the units instead 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 Joint Nomination and Remuneration Committee of the Board.

Positive

  • None.

Negative

  • None.
Insider Kjaervik Jan
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,618 $0.00 --
Holdings After Transaction: Restricted Stock Units — 2,618 shares (Direct, null)
Footnotes (1)
  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.
RSUs granted 2,618 units Restricted stock units granted June 3, 2026
Underlying common shares 2,618 shares Each RSU represents one common share
Par value per share $0.01 per share Par value of Seadrill common shares
Vesting reference meeting 2027 AGM Vests on 2027 AGM if at least 50 weeks post-grant
Alternative vesting date First anniversary of grant If 2027 AGM is earlier or <50 weeks after grant
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"
par value financial
"one common share, par value $0.01 per share"
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"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kjaervik Jan
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/03/2026A2,618 (2) (2)Common Shares2,618$02,618D
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-fact06/05/2026
** Signature of Reporting PersonDate
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 did Seadrill (SDRL) director Jan Kjaervik report on this Form 4?

Jan Kjaervik reported receiving 2,618 restricted stock units as a director award. Each unit represents a contingent right to receive one Seadrill common share, subject to future vesting conditions and settlement choices.

How many restricted stock units were granted to Jan Kjaervik at Seadrill (SDRL)?

The filing shows a grant of 2,618 restricted stock units. These units give a contingent right to receive an equal number of Seadrill common shares once vesting conditions are met and settlement form is chosen.

When do Jan Kjaervik’s Seadrill (SDRL) restricted stock units vest?

The restricted stock units vest on the date of the 2027 Annual General Meeting if it occurs at least 50 weeks after grant. Otherwise, they vest on the first anniversary of the June 3, 2026 grant date, subject to continued service terms described.

How will the Seadrill (SDRL) restricted stock units granted to Jan Kjaervik be settled?

Upon vesting, the restricted stock units will be settled in either cash or Seadrill common shares. The Joint Nomination and Remuneration Committee of the Board will elect the form of settlement at that time, according to the filing.

What does each Seadrill (SDRL) restricted stock unit represent for Jan Kjaervik?

Each restricted stock unit represents a contingent right to receive one Seadrill common share with a par value of $0.01. This right only becomes deliverable when the specified vesting conditions are satisfied and settlement is determined.