Zambelli Ana reported acquisition or exercise transactions in this Form 4 filing.
SEADRILL Ltd director Ana Zambelli received a grant of 2,618 restricted stock units on June 3, 2026 as equity-based compensation. Each unit represents a contingent right to receive one common share of Seadrill Limited. The units vest at the 2027 Annual General Meeting of Shareholders if that meeting occurs at least 50 weeks after the grant date, or otherwise on the first anniversary of the grant date. Upon vesting, they will be settled in cash or common shares, at the election of the Board’s Joint Nomination and Remuneration Committee.
Seadrill Limited held its 2026 Annual General Meeting of Shareholders on June 3, 2026, where all proposals received strong support. Shareholders approved setting the Board size at up to nine directors and authorized the Board to fill any vacancies.
All nine director nominees, including Julie J. Robertson and Ana Zambelli, were re-elected to serve until the next annual general meeting. Shareholders also approved and ratified director remuneration and gave advisory approval to 2025 compensation for the company’s named executive officers.
Amendment No. 1 to the Amended and Restated Seadrill Limited 2022 Management Incentive Plan was approved, aligning incentives with shareholder authorization. PricewaterhouseCoopers LLP, United States, was appointed as independent registered public accounting firm for the fiscal year ending December 31, 2026, with authority for the Board’s Audit and Risk Committee to determine its remuneration.
Canyon Capital Advisors LLC and named principals filed Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership of 1,261,779 shares of Seadrill Ltd Common Stock (CUSIP G7997W102), representing 2.02% of the class. The filing lists CCA as investment adviser to multiple Cayman and Delaware funds and is a joint filing signed on 05/15/2026.
The filing discloses identical sole/shared voting and dispositive power entries of 1,261,779 shares for the reporting group and provides the group address in Dallas, TX. The exhibit contains the joint-filing agreement among the parties.
Seadrill Ltd director Julie J. Robertson exercised 6,075 restricted stock units into common shares on May 14, 2026 as part of her equity compensation. The RSUs convert into common shares on a one-for-one basis. Following the transaction, she directly holds 9,086 common shares of Seadrill.
Seadrill Ltd director Paul Norman Smith increased his holdings through equity compensation. On May 14, 2026, 4,860 restricted stock units converted into 4,860 common shares at a stated price of $0.00 per share. Following this transaction, he directly holds 7,269 Seadrill common shares.
Footnotes explain that these units were granted on May 14, 2025, vested on the first anniversary of the grant date, and convert into common shares on a one-for-one basis.
Seadrill Ltd director Harry Quarls exercised 4,860 restricted stock units into common shares. These units were granted on May 14, 2025 and fully vested on the first anniversary of the grant date, converting into common shares on a one-for-one basis.
Following the transaction, Quarls directly holds 16,269 common shares. He elected to defer receipt of the underlying common shares until the earlier of a separation from service with Seadrill or a change in control of the company, making this a compensation-related, non-market transaction.
Seadrill Ltd director Jean Cahuzac reported a compensation-related transaction involving restricted stock units. On May 14, 2026, restricted stock units covering 4,860 Common Shares were converted into Common Shares at a stated price of $0.00 per share, reflecting an exercise of a derivative security rather than an open-market purchase. Following this conversion, Cahuzac directly holds 7,269 Common Shares. The footnotes explain that these units were originally granted on May 14, 2025, vested on the first anniversary of that grant, and that Cahuzac elected to defer receipt of the underlying shares until separation from service or a change in control of Seadrill.
Seadrill Ltd director Jonathan Swinney exercised restricted stock units that vested into common shares. On May 14, 2026, 4,860 restricted stock units granted on May 14, 2025 converted into 4,860 common shares on a one-for-one basis at an exercise price of $0.00 per share.
Following this derivative exercise, Swinney directly owned 7,269 common shares. The filing indicates this was a compensation-related RSU vesting and conversion, not an open-market purchase or sale, with no shares reported as sold or withheld for taxes in this transaction.
Seadrill Ltd director Jan Kjaervik exercised 4,860 restricted stock units into Common Shares. Following this derivative exercise, his direct holdings increased to 7,269 Common Shares.
According to the footnotes, these RSUs were granted on May 14, 2025, vested after one year, and convert into Common Shares on a one-for-one basis. Kjaervik elected to defer receipt of the underlying Common Shares until the earlier of a separation from service or a change in control of Seadrill.
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.