Dominic A. Savarino - 12 May 2023 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Role
Senior Vice President and CFO
Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Dominic A. Savarino
Issuer symbol
DO
Transactions as of
12 May 2023
Net transactions value
-$34,566
Form type
4
Filing time
16 May 2023, 09:33:22 UTC
Previous filing
03 Mar 2023
Next filing
01 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Options Exercise +12,257 +48% 37,566 12 May 2023 Direct F1
transaction DO Common Stock Tax liability $34,566 -2,985 -7.9% $11.58 34,581 12 May 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DO Restricted Stock Units Options Exercise $0 -12,257 -33% $0.000000 24,510 12 May 2023 Common Stock 12,257 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The restricted stock units vest in three equal annual installments on May 12, 2023, May 12, 2024 and May 12, 2025. One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.