Director at Seadrill (NYSE: SDRL) converts 4,860 RSUs to stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seadrill Ltd director Andrew Eliot Schultz exercised restricted stock units into common shares. On May 14, 2026, 4,860 restricted stock units converted into an equal number of common shares, reflecting the vesting of an equity award granted on May 14, 2025. Following this conversion, Schultz directly holds 7,269 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,860 shares exercised/converted
Mixed
2 txns
Insider
SCHULTZ ANDREW ELIOT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,860 | $0.00 | -- |
| Exercise | Common Shares | 4,860 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Shares — 7,269 shares (Direct, null)
Footnotes (1)
- The reporting person elected to defer the receipt of the common shares, par value $0.01 per share ("Common Shares"), of Seadrill Limited (the "Company") underlying the restricted stock units granted on May 14, 2025 until the earlier of (i) a separation from service from the Company and (ii) a change in control of the Company. Restricted stock units convert into Common Shares on a one-for-one basis. On May 14, 2025, the reporting person was granted 4,860 restricted stock units, all of which vested on the first anniversary of the grant date.
Key Figures
RSUs converted: 4,860 units
Shares after transaction: 7,269 shares
RSU grant size: 4,860 units
3 metrics
RSUs converted
4,860 units
Restricted stock units converting into common shares on May 14, 2026
Shares after transaction
7,269 shares
Common shares directly owned by Andrew Eliot Schultz following conversion
RSU grant size
4,860 units
Restricted stock units granted on May 14, 2025, vesting after one year
Key Terms
Restricted stock units, derivative security, change in control, separation from service
4 terms
Restricted stock units financial
"On May 14, 2025, the reporting person was granted 4,860 restricted stock units"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
change in control financial
"until the earlier of (i) a separation from service ... and (ii) a change in control of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation from service financial
"until the earlier of (i) a separation from service from the Company"
FAQ
What insider transaction did Seadrill (SDRL) director Andrew Eliot Schultz report?
Seadrill director Andrew Eliot Schultz reported exercising 4,860 restricted stock units into common shares. This reflects the vesting and conversion of an equity award, increasing his direct ownership position in Seadrill to 7,269 common shares following the transaction.