Seadrill (SDRL) director Jan Kjaervik awarded 2,618 restricted stock units
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 Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kjaervik Jan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,618 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,618 shares (Direct)
Footnotes (2)
- F1. 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").
- F2. 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: 2,618 units
Underlying common shares: 2,618 shares
Par value per share: $0.01 per share
+2 more
5 metrics
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
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"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.