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 Senior VP of Operations Marcel Wieggers exercised restricted stock units that converted into 3,913 common shares on a one-for-one basis. To cover tax obligations, 953 common shares were disposed of through a tax-withholding transaction. Following these routine compensation-related events, he directly owns 7,458 common shares of Seadrill.
Seadrill Ltd SVP & General Counsel Todd D. Strickler exercised 3,913 restricted stock units into common shares at no cash cost. To cover taxes, 1,540 common shares were disposed of at $46.17 per share. After these equity-compensation transactions, he holds 28,125 common shares directly.
Seadrill Limited is asking shareholders to vote at its 2026 Annual General Meeting on June 3, 2026 in Bermuda on six key proposals, including board size, director re-elections, auditor appointment, director pay, executive compensation and an amendment to its 2022 Management Incentive Plan.
The company highlights “solid” 2025 performance, with a total recordable incident rate of 0.17, about 50% better than the offshore industry benchmark, and strong operational achievements across its deepwater fleet. Average dayrates in 2025 rose by more than 10%, and Seadrill ended the year with $365 million in cash and a net leverage ratio of 0.81x, supporting its view of earnings and free cash flow expansion into the second half of 2026 and 2027.
Shareholders of record as of April 6, 2026, when 62,449,447 shares were outstanding, can vote by internet, mail, phone or in person. The board, which is fully independent, recommends votes in favor of all proposals, including re-electing nine directors and approving PricewaterhouseCoopers LLP (US) as independent auditor for 2026.
The Vanguard Group amended its Schedule 13G/A reporting for Seadrill Ltd, stating it beneficially owns 0 shares of Common Stock and holds 0% of the class as of the amendment. The filing explains an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries to report separately.
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.
Sauer-Petersen Torsten reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd reported that officer Torsten Sauer-Petersen received a grant of 12,370 restricted stock units on March 16, 2026. Each restricted stock unit represents a contingent right to receive one common share of Seadrill Limited.
The restricted stock units vest in three equal annual installments beginning on March 16, 2027. 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. Following this grant, Sauer-Petersen holds 12,370 restricted stock units directly.
Creed Grant R reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd reported that its Executive Vice President & CFO, Creed Grant, received a grant of 16,177 restricted stock units (RSUs) on March 16, 2026. Each RSU represents a contingent right to receive one common share of Seadrill.
The RSUs vest in three equal annual installments beginning on March 16, 2027 and will be settled in either cash or common shares at the election of the Board’s Joint Nomination and Remuneration Committee. Following this award, the filing shows Grant holding 16,177 RSUs directly.
Strickler Todd D reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd reported that its SVP & General Counsel, Todd D. Strickler, received a grant of 10,943 restricted stock units on March 16, 2026. Each unit represents a contingent right to receive one common share of the company.
The restricted stock units vest in three equal annual installments beginning on March 16, 2027. They will be settled in either cash or common shares at the election of the Joint Nomination and Remuneration Committee of the Board. Following this award, Strickler holds 10,943 restricted stock units directly.
Ali Samir H reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd President & CEO Ali Samir H received a grant of 33,304 restricted stock units as compensation. The RSUs were granted on March 16, 2026, with each unit representing a contingent right to receive one common share of Seadrill Limited.
The RSUs vest in three equal annual installments starting on March 16, 2027. They will be settled in either cash or common shares, at the election of the Joint Nomination and Remuneration Committee of the Board. Following this grant, the reporting person holds 33,304 RSUs directly.
Seadrill Limited announced a leadership change, with its Board appointing Samir Ali as President and Chief Executive Officer, replacing Simon Johnson effective immediately. Ali has been Executive Vice President and Chief Commercial Officer since August 2022 and previously held senior roles at Diamond Offshore, Bain Capital, and Simmons & Company.
In connection with his promotion, Ali’s annual base salary was set at $750,000. He can earn a 2026 annual bonus targeting 110% of base salary, up to twice that target based on company performance and subject to a 20% individual-performance adjustment. He also received a long-term incentive award with a grant-date value of $3,500,000, 60% in performance-vested RSUs and 40% in time-vested RSUs, with the performance portion tied partly to total shareholder return.
Ali’s employment agreement will be amended to reflect his new role, higher compensation, and enhanced severance protections, including up to 24 months of salary and benefits for certain terminations and a larger lump-sum payout after a change in control. Seadrill expects to provide Johnson with severance benefits under his existing agreements and issued a press release describing the transition.