Brady K. Long - Mar 1, 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
Mar 1, 2025
Transactions value $
$400,979
Form type
4
Date filed
3/4/2025, 07:36 PM
Previous 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 $310K +105K +8.44% $2.95 1.35M Mar 1, 2025 Direct F1
transaction RIG Registered Shares Options Exercise $156K +52.8K +3.91% $2.95 1.4M Mar 1, 2025 Direct F2
transaction RIG Registered Shares Options Exercise $198K +67K +4.78% $2.95 1.47M Mar 1, 2025 Direct F3
transaction RIG Registered Shares Tax liability -$262K -88.9K -6.05% $2.95 1.38M Mar 3, 2025 Direct F4
* 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 share 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: 52,778 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 share 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: 66,993 on March 1, 2026 and 66,993 on March 1, 2027.
F4 Shares sold upon vesting to satisfy tax withholding obligations.