Seadrill (SDRL) CFO converts 12,238 RSUs and withholds 4,816 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seadrill Ltd Executive Vice President & CFO Creed R. Grant reported routine equity compensation activity. On April 25, he exercised 12,238 restricted stock units, converting them into the same number of common shares. These units convert into common shares of Seadrill Limited on a one-for-one basis.
On April 27, 4,816 of those common shares were disposed of to satisfy tax obligations at a price of $48.10 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Grant directly holds 57,211 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,238 shares exercised/converted
Mixed
3 txns
Insider
Creed Grant R
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 4,816 | $48.10 | $232K |
| Exercise | Restricted Stock Units | 12,238 | $0.00 | -- |
| Exercise | Common Shares | 12,238 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 57,211 shares (Direct, null);
Restricted Stock Units — 24,476 shares (Direct, null)
Footnotes (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 36,714 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
Key Figures
RSUs exercised: 12,238 units
Shares for tax withholding: 4,816 shares
Tax withholding price: $48.10 per share
+1 more
4 metrics
RSUs exercised
12,238 units
Restricted stock units converted into common shares on April 25, 2026
Shares for tax withholding
4,816 shares
Disposed of to satisfy tax obligations on April 27, 2026
Tax withholding price
$48.10 per share
Value applied to 4,816 common shares used for tax payment
Post-transaction holdings
57,211 shares
Common shares directly owned by Creed Grant after transactions
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, Exercise or conversion of derivative security
4 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 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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What insider transactions did Seadrill (SDRL) report for Creed R. Grant?
Seadrill reported that Executive Vice President & CFO Creed R. Grant exercised 12,238 restricted stock units into common shares, then had 4,816 of those shares disposed of to cover tax obligations. Following these routine compensation-related transactions, he directly holds 57,211 common shares.
How many Seadrill (SDRL) restricted stock units did the CFO convert?
Creed Grant exercised 12,238 restricted stock units, which converted into 12,238 common shares on a one-for-one basis. These RSUs are part of his equity compensation and convert into common shares of Seadrill Limited according to the plan terms described in the filing footnotes.