Brady K. Long - Feb 6, 2025 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
EVP & Chief Legal Officer
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Feb 6, 2025
Transactions value $
-$394,164
Form type
4
Date filed
2/10/2025, 04:36 PM
Previous filing
Mar 5, 2024
Next filing
Feb 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +267K +24.61% $0.00 1.35M Feb 6, 2025 Direct F1, F2
transaction RIG Registered Shares Tax liability -$394K -108K -7.96% $3.66 1.24M Feb 7, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Units awarded on February 10, 2022, vested on February 6, 2025, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2022-2024 performance cycle.
F2 The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order.
F3 Shares sold upon vesting to satisfy tax withholding obligations.