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.
Seadrill Limited filed its annual report outlining its global offshore drilling business, fleet and main risks. The company owns 15 drilling units, with 10 operating, one under upgrade for a 2026 contract, one under repair and three cold stacked, and also manages two Sonangol units. Its fleet focuses on modern deepwater drillships and semi-submersibles plus one harsh-environment jackup, supported by about 3,000 employees worldwide.
Contract backlog was approximately $2.4 billion as of December 31, 2025, with customer concentration including Petrobras at 36% of 2025 revenue and Sonadrill, Talos and LLOG each above 10%. Seadrill highlights competitive, cyclical market conditions, significant debt and restrictive covenants, regulatory and environmental compliance costs, ESG-driven capital pressures and contractual risks as key challenges. Safety remains a focus, with a total recordable incident rate of 0.17 in 2025, below the IADC average of 0.34 in its operating areas.
Seadrill Limited reported fourth quarter and full-year 2025 results, showing stable activity but a modest loss. Fourth quarter 2025 total operating revenues were $362 million, essentially flat versus $363 million in the prior quarter, with a net loss of $10 million and Adjusted EBITDA of $88 million compared to $86 million previously.
For full year 2025, Seadrill recorded a net loss of $77 million and Adjusted EBITDA of $353 million. The company added about $0.5 billion of new awards across seven rigs, bringing Contract Backlog to roughly $2.5 billion as of February 25, 2026. Management highlighted strengthening deepwater demand and longer-term programs.
Seadrill issued 2026 guidance for total operating revenues of $1.40–$1.45 billion excluding $50 million of reimbursable revenues, Adjusted EBITDA of $350–$400 million, and capital expenditure and long-term maintenance of $200–$240 million. At quarter-end, gross principal debt was $625 million and cash and cash equivalents were $365 million, implying a net debt position of $260 million.
Seadrill Ltd Senior VP of Operations Marcel Wieggers reported equity award activity and a small share disposition. On February 1, 2026, 651 restricted stock units converted into 651 common shares on a one-for-one basis, raising his directly owned common shares to 4,691.
On February 2, 2026, a transaction coded "F" disposed of 193 common shares at $38.3 per share, leaving 4,498 common shares owned directly. The restricted stock units arose from a 1,953-unit grant made on February 1, 2023 that vests in three equal annual installments.
Seadrill Ltd’s President & CEO, as a reporting person, disclosed several equity compensation events. On December 31, 2025, 54,177 common shares were acquired through the vesting and settlement of restricted stock units, and 22,507 shares were disposed of at $34.6 per share, typically associated with tax withholding, leaving 137,188 common shares held directly.
On March 18, 2025, the executive received new performance-based restricted stock unit awards covering 19,633 common shares tied to the 2023 free cash flow metric and 10,263 common shares tied to the 2024 free cash flow metric. The Board committee certified achievement of both the 2023 and 2024 free cash flow performance metrics for the 2024 measurement period at 113.67%, which determined the number of units earned. On December 31, 2025, 34,544 and 19,633 units from earlier awards vested and converted into common shares, fully settling those tranches.
Seadrill Ltd's Executive Vice President & CFO reported performance-based equity transactions and resulting common share ownership. On March 18, 2025, the executive received performance-based restricted stock units (RSUs), including 5,449 RSUs tied to a 2023 free cash flow metric and 4,105 RSUs tied to a 2024 free cash flow metric. The Committee certified achievement of both the 2023 Award FCF Metric for the 2024 measurement period and the 2024 Award FCF Metric for the 2024 measurement period at 113.67%.
On December 31, 2025, 15,037 common shares were acquired upon RSU vesting (code M), and 4,847 shares were disposed of (code F) at $ 34.6 per share, typically indicating shares withheld to cover taxes. After these transactions, the executive directly owned 46,162 Seadrill common shares.
Seadrill Ltd executive Todd D. Strickler, SVP & General Counsel, reported equity compensation activity involving performance-based restricted stock units and related share transactions. On December 31, 2025, 11,951 common shares were acquired through the conversion of restricted stock units, and 3,262 common shares were disposed of at $34.6 per share, likely for tax withholding, leaving him with 24,212 common shares owned directly.
The filing also details performance-based restricted stock units tied to free cash flow metrics. On March 18, 2025, the compensation committee certified free cash flow performance for 2023- and 2024-related awards at 113.67%, resulting in vesting of 7,620 units for the 2023 measurement period and 4,331 units for the 2024 measurement period, which then converted into common shares.