ANDREW ELIOT SCHULTZ - 01 Jan 2025 Form 3 Insider Report for Seadrill Ltd (SDRL)

Role
Director
Signature
/s/ Todd D. Strickler, attorney-in-fact
Issuer symbol
SDRL
Transactions as of
01 Jan 2025
Net transactions value
$0
Form type
3
Filing time
02 Jan 2025, 12:27:17 UTC
Next filing
21 Apr 2025
SEC
View on sec.gov

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 SDRL Restricted Stock Units 01 Jan 2025 Common Shares 2,409 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted to the reporting person on April 17, 2024. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units vest either (i) on the date of the 2025 Annual General Meeting of Shareholders of the Company (the "2025 Meeting"), if the 2025 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2025 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney