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Seadrill (NYSE: SDRL) SVP exercises RSUs and withholds shares for taxes

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

Rhea-AI Filing Summary

Seadrill Ltd Senior VP of Operations Marcel Wieggers exercised restricted stock units into common shares and had some of the resulting shares withheld to cover tax obligations. On April 25, 2026, 7,954 restricted stock units converted into 7,954 common shares at $0.00 per share. On April 27, 2026, 1,937 common shares were disposed of at $48.10 per share as a tax-withholding transaction, not an open-market sale, leaving him with 13,475 common shares held directly.

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Insider Wieggers Marcel
Role Senior VP, Operations
Type Security Shares Price Value
Tax Withholding Common Shares 1,937 $48.10 $93K
Exercise Restricted Stock Units 7,954 $0.00 --
Exercise Common Shares 7,954 $0.00 --
Holdings After Transaction: Common Shares — 13,475 shares (Direct, null); Restricted Stock Units — 15,910 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis. On April 25, 2025, the reporting person was granted 23,864 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
RSUs exercised 7,954 shares Restricted stock units converted to common shares on April 25, 2026 at $0.00
Tax-withheld shares 1,937 shares Shares withheld for taxes on April 27, 2026 at $48.10 per share
Share price for tax withholding $48.10 per share Value used for 1,937-share tax-withholding disposition on April 27, 2026
Shares held after transactions 13,475 common shares Direct holdings of Marcel Wieggers following the reported transactions
Original RSU grant 23,864 restricted stock units Granted on April 25, 2025, vesting in three equal annual installments
RSUs remaining after first vest 15,910 restricted stock units Derivative line shows RSU balance following 7,954-unit conversion
Restricted stock units financial
"Restricted stock units convert into common shares, par value $0.01 per share"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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*
Wieggers Marcel
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior VP, Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/25/2026		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
Common Shares04/25/2026M7,954A(1)15,412D
Common Shares04/27/2026F1,937D$48.113,475D
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)04/25/2026M7,954 (2) (2)Common Shares7,954$015,910D
Explanation of Responses:
1. Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.
2. On April 25, 2025, the reporting person was granted 23,864 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
/s/ Todd D. Strickler, attorney-in-fact04/28/2026
** 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 insider transactions did Seadrill (SDRL) report for Marcel Wieggers?

Seadrill reported that Senior VP of Operations Marcel Wieggers exercised 7,954 restricted stock units into common shares at $0.00 per share. Two days later, 1,937 of those common shares were withheld at $48.10 per share to satisfy tax obligations, leaving him with 13,475 common shares.

Did the Seadrill (SDRL) insider Form 4 show an open-market sale?

The Form 4 did not show an open-market sale. It reported a tax-withholding disposition of 1,937 common shares at $48.10 per share, classified under code F, which reflects shares withheld to pay taxes rather than a discretionary sale into the market.

How many Seadrill (SDRL) shares does Marcel Wieggers hold after these transactions?

Following the reported transactions, Marcel Wieggers directly holds 13,475 Seadrill common shares. This reflects the net position after 7,954 restricted stock units converted into common shares and 1,937 shares were withheld to cover associated tax liabilities on the vesting event.

What does the RSU exercise in the Seadrill (SDRL) filing represent?

The RSU exercise represents 7,954 restricted stock units converting into an equal number of Seadrill common shares at $0.00 per share. This is part of equity-based compensation, where previously granted units vest and turn into actual shares that the executive then owns directly.

How large was the tax-withholding disposition in Seadrill (SDRL)’s Form 4?

The tax-withholding disposition involved 1,937 Seadrill common shares at $48.10 per share. This transaction used Form 4 code F, meaning the shares were surrendered to cover taxes arising from the vesting or exercise, not sold voluntarily on the open market by the insider.

What RSU grant details were disclosed for Seadrill (SDRL) executive Marcel Wieggers?

Footnotes state that on April 25, 2025, Marcel Wieggers was granted 23,864 restricted stock units. These units vest in three equal annual installments, beginning on the first anniversary of the grant date, and each restricted stock unit converts into one Seadrill common share upon vesting.