Seadrill SVP exercises RSUs, uses shares for taxes
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.
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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.
Insider Trade Summary
7,954 shares exercised/converted
Exercise
3 txns
Insider
Wieggers Marcel
Role
Senior VP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 1,937 | $48.10 | $93K |
| Exercise | Restricted Stock Units | 7,954 | $0.00 | $0.00 |
| Exercise | Common Shares | 7,954 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 15,910 contracts (Direct);
Common Shares — 13,475 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.
- F2. 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.
Key Figures
RSUs exercised: 7,954 shares
Tax-withheld shares: 1,937 shares
Share price for tax withholding: $48.10 per share
+3 more
6 metrics
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
Key Terms
Restricted stock units, tax-withholding disposition, derivative exercise/conversion
3 terms
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""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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