Jon L. Richards - Mar 14, 2024 Form 3 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Role
SVP & Chief Operating Officer
Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Jon L. Richards
Stock symbol
DO
Transactions as of
Mar 14, 2024
Transactions value $
$0
Form type
3
Date filed
3/15/2024, 03:35 PM
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DO Common Stock 42.9K Mar 14, 2024 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
holding DO Restricted Stock Units Mar 14, 2024 Common Stock 20.1K Direct F1, F2
holding DO Restricted Stock Units Mar 14, 2024 Common Stock 17.2K Direct F2, F3
holding DO Restricted Stock Units Mar 14, 2024 Common Stock 60.1K Direct F2, F4
holding DO Restricted Stock Units Mar 14, 2024 Common Stock 17.2K Direct F2, F5
holding DO Restricted Stock Units Mar 14, 2024 Common Stock 20.1K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were part of an award of 60,354 restricted stock units on July 1, 2021 that vest in in three equal annual installments on July 1, 2022, July 1, 2023 and July 1, 2024. The first two installments vested on July 1, 2022 and July 1, 2023, respectively, and these remaining restricted stock units vest on July 1, 2024. One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock.
F3 These restricted stock units were part of an award of 25,737 restricted stock units on May 12, 2022 that vest in three equal annual installments on May 12, 2023, May 12, 2024 and May 12, 2025. The first installment vested on May 12, 2023, and these remaining restricted stock units vest in equal annual installments on 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.
F4 The restricted stock units were awarded on May 12, 2022 and vest based on the level of the highest 30 consecutive trading day volume-weighted average price of the common stock of the issuer achieved during the three-year period commencing on the grant date (unless terminated earlier in connection with a "change in control" (as defined in the award agreement)). One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.
F5 These restricted stock units were part of an award of 25,874 restricted stock units on January 18, 2023 that vest in three equal annual installments on January 18, 2024, January 18, 2025 and January 18, 2026. The first installment vested on January 18, 2024, and these remaining restricted stock units vest in equal annual installments on January 18, 2025 and January 18, 2026. One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.
F6 The restricted stock units were awarded on January 15, 2024 and vest in three equal annual installments on January 15, 2025, January 15, 2026 and January 15, 2027. One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney