Seadrill (NYSE: SDRL) CFO awarded 16,177 restricted stock units

Rhea-AI Filing Summary

Creed Grant R reported acquisition or exercise transactions in this Form 4 filing.

Seadrill Ltd reported that its Executive Vice President & CFO, Creed Grant, received a grant of 16,177 restricted stock units (RSUs) on March 16, 2026. Each RSU represents a contingent right to receive one common share of Seadrill.

The RSUs vest in three equal annual installments beginning on March 16, 2027 and will be settled in either cash or common shares at the election of the Board’s Joint Nomination and Remuneration Committee. Following this award, the filing shows Grant holding 16,177 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

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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^*

Creed Grant R

(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)
	Executive Vice President & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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)	03/16/2026		A		16,177		(2)	(2)	Common Shares	16,177	$0	16,177	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 CFO Creed Grant?

Seadrill reported that Executive Vice President & CFO Creed Grant received a grant of 16,177 restricted stock units. These RSUs are a form of equity-based compensation, providing a contingent right to receive common shares or cash subject to future vesting conditions.

How many restricted stock units did the Seadrill (SDRL) CFO receive?

The Seadrill CFO received 16,177 restricted stock units. Each unit represents a contingent right to one common share of Seadrill Ltd, giving him equity-linked compensation that will vest over time rather than an immediate cash payment or open-market share purchase.

What is the vesting schedule for Seadrill (SDRL) CFO Creed Grant’s RSUs?

The RSUs vest in three equal annual installments starting on March 16, 2027. This means one-third of the 16,177 units will vest each year over three years, aligning the CFO’s compensation with longer-term company performance and retention objectives.

How will Seadrill (SDRL) settle the CFO’s restricted stock units?

The restricted stock units will be settled in either cash or common shares of Seadrill. The choice of settlement method is made by the Joint Nomination and Remuneration Committee of the Board, giving the company flexibility when the units vest in future years.

Did Seadrill (SDRL) CFO Creed Grant buy or sell shares in this Form 4?

The Form 4 shows an acquisition through a grant of restricted stock units, not an open-market purchase or sale. The 16,177 RSUs are compensation awarded at no exercise price, with future settlement contingent on vesting and the Board committee’s settlement election.