Welcome to our dedicated page for Seadrill SEC filings (Ticker: SDRL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Seadrill Limited filings document regulatory disclosures for a Bermuda offshore drilling contractor with common shares listed on the New York Stock Exchange under SDRL. Recent Form 8-K reports furnish quarterly and annual operating results, financial condition, contract backlog, guidance and fleet-related press releases.
The company's proxy and governance filings cover annual shareholder meeting matters, board oversight, executive compensation and officer changes. Material-event filings also document leadership transitions, compensation arrangements, registered share class information, exhibits and Inline XBRL cover data tied to Seadrill's public-company reporting.
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.
Seadrill Ltd director Ana Zambelli exercised previously granted equity awards, converting 4,860 restricted stock units into the same number of common shares. These restricted stock units were granted on May 14, 2025 and all vested on the first anniversary of the grant date.
Following this compensation-related conversion, Zambelli holds 7,269 common shares directly. The footnotes explain that restricted stock units convert into common shares on a one-for-one basis and that the reporting person had elected to defer receipt of the common shares underlying the grant until certain triggering events.
Seadrill Ltd director Mark A. McCollum increased his direct ownership through an equity award vesting. On May 14, 2026, 4,860 restricted stock units converted on a one-for-one basis into 4,860 common shares at an exercise price of $0.00 per share. Following this derivative exercise, he directly holds 7,269 common shares. The restricted stock units had been granted on May 14, 2025 and fully vested on the first anniversary of the grant date.
Seadrill Ltd reporting persons Adage Capital Management, L.P., Robert Atchinson and Phillip Gross disclose shared beneficial ownership of 2,463,436 common shares of Seadrill, representing 3.94% of the class. The percentage is calculated using 62,449,447 Common Shares outstanding as of February 20, 2026.
The filing states shared voting and dispositive power of 2,463,436 shares held directly by Adage Capital Partners, L.P., and provides reporting persons' addresses and organizational roles.
Seadrill Limited reported higher activity but remained loss-making for the quarter ended March 31, 2026. Total operating revenues rose to $358 million from $335 million, driven by higher contract revenues, improved economic utilization of 95% versus 84%, and stronger average dayrates of $343,000 per day.
Operating profit increased to $24 million from $18 million, but income tax expense climbed to $23 million, resulting in a net loss of $7 million or $0.11 per share, an improvement from a $14 million loss a year earlier. Cash and cash equivalents were $304 million, and total available liquidity, including the undrawn revolver, was $482 million.
Contract backlog stood at $2.48 billion, up from $2.38 billion at year-end, with $1.02 billion expected to be realized over the remainder of 2026. The company also detailed several legal and tax contingencies, including an adverse Norwegian judgment under appeal and ongoing Brazilian tax and contract disputes.