Robert Thaddeus Vayda - 01 Mar 2025 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
EVP, Chief Financial Officer
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Issuer symbol
RIG
Transactions as of
01 Mar 2025
Transactions value $
$122,387
Form type
4
Filing time
04 Mar 2025, 19:34:24 UTC
Previous filing
18 Feb 2025
Next filing
02 Jun 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 $82.1K +27.8K +13.22% $2.95 238K 01 Mar 2025 Direct F1
transaction RIG Registered Shares Options Exercise $53.1K +18K +7.55% $2.95 256K 01 Mar 2025 Direct F2
transaction RIG Registered Shares Options Exercise $67.4K +22.8K +8.91% $2.95 279K 01 Mar 2025 Direct F3
transaction RIG Registered Shares Tax liability -$80.1K -27.2K -9.73% $2.95 252K 03 Mar 2025 Direct F4
holding RIG Registered Shares 91 01 Mar 2025 By Child F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Units, which are 1-for-1 share equivalents, acquired on February 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares.
F2 Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 17,991 on March 1, 2026.
F3 Restricted Units, which are 1-for-1 share equivalents, acquired on February 8, 2024, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 22,837 on March 1, 2026 and 22,837 on March 1, 2027.
F4 Shares sold upon vesting to satisfy tax withholding obligations.
F5 The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for the purposes of Section 16 or any other purpose.