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.
Seadrill Limited reported first quarter 2026 results showing modest growth with continued losses but stronger cash generation metrics. Total operating revenues were $358 million, up from $335 million a year earlier, while net loss narrowed to $7 million from $14 million. Adjusted EBITDA rose to $97 million from $88 million in the prior quarter, giving a 27.1% Adjusted EBITDA margin.
The company added over $860 million of new contracts since its February fleet status report, bringing Contract Backlog to about $3.1 billion. Full-year 2026 guidance was raised, with total operating revenues now targeted at $1.43–$1.48 billion and Adjusted EBITDA at $370–$420 million. At quarter-end, Seadrill held $329 million in cash and restricted cash against $625 million of gross debt, for net debt of $296 million, and reported first-quarter Free Cash Flow of -$35 million.
Seadrill Ltd ownership filing: Vanguard Capital Management reports beneficial ownership of 3,150,314 shares of Common Stock, representing 5.04% of the class as of 03/31/2026. The filer reports sole voting power over 459,845 shares and sole dispositive power over 3,150,314 shares. The filing is signed on 04/28/2026 by Ashley Grim.
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.
Seadrill Ltd reported insider equity transactions by SVP & General Counsel Todd D. Strickler. On April 25, 2026, he exercised 7,954 restricted stock units, which converted into the same number of Seadrill common shares on a one-for-one basis.
On April 27, 2026, 3,130 common shares were disposed of through a tax-withholding transaction at $48.10 per share to cover tax obligations. Following these routine compensation-related transactions, Strickler directly holds 31,409 Seadrill common shares.
Seadrill Ltd President & CEO Ali Samir H exercised 7,954 restricted stock units into common shares, then had 3,130 shares withheld to cover tax obligations. The transactions increased his direct common share holdings to 44,764 shares, while he continues to hold 15,910 restricted stock units.
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.