Executive award gives Seadrill (SDRL) senior VP 10,943 RSUs

Rhea-AI Filing Summary

Wieggers Marcel reported acquisition or exercise transactions in this Form 4 filing.

Seadrill Limited Senior VP of Operations Marcel Wieggers received a grant of 10,943 restricted stock units. The award was granted on March 16, 2026 and represents a contingent right to receive an equal number of common shares.

The restricted stock units vest in three equal annual installments starting on March 16, 2027. Upon vesting, they will be settled in either cash or common shares, at the election of the Joint Nomination and Remuneration Committee of Seadrill’s Board of Directors. After this grant, Wieggers holds 10,943 restricted stock units 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

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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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Operations

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		10,943		(2)	(2)	Common Shares	10,943	$0	10,943	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 does Seadrill (SDRL) insider Marcel Wieggers report in this Form 4?

The Form 4 reports that Senior VP of Operations Marcel Wieggers received 10,943 restricted stock units on March 16, 2026. These units are a form of equity-based compensation that may convert into an equal number of Seadrill common shares if vesting conditions are satisfied.

How many restricted stock units were granted to Seadrill (SDRL) executive Marcel Wieggers?

Marcel Wieggers was granted 10,943 restricted stock units. Each unit represents a contingent right to receive one Seadrill common share, with no cash paid by the executive at grant. This award increases his equity-linked compensation position at the company.

What is the vesting schedule for Marcel Wieggers’ Seadrill (SDRL) restricted stock units?

The 10,943 restricted stock units vest in three equal annual installments beginning on March 16, 2027. This means portions of the award become earned over three years, aligning the executive’s compensation with longer-term company performance and continued employment.

Will Seadrill (SDRL) settle Marcel Wieggers’ restricted stock units in cash or shares?

Upon vesting, the restricted stock units will be settled in either cash or Seadrill common shares. The choice between cash and shares is made by the Joint Nomination and Remuneration Committee of the Board, not by the executive receiving the award.

Is Marcel Wieggers buying or selling Seadrill (SDRL) stock in this Form 4 filing?

The filing shows a grant of 10,943 restricted stock units as compensation, not an open-market stock purchase or sale. The transaction is coded as a grant or award acquisition and does not involve Wieggers paying cash to buy or selling existing shares.

What is Marcel Wieggers’ reported equity position in Seadrill (SDRL) after this grant?

After the reported transaction, Marcel Wieggers holds 10,943 restricted stock units directly. These units are derivative securities that may convert into Seadrill common shares if vesting occurs and the Board’s committee elects share settlement instead of cash.