Simon Johnson - 01 Jan 2025 Form 3 Insider Report for Seadrill Ltd (SDRL)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
02 Jan 2025, 12:42:22 UTC
Next SEC filing
05 Jan 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Todd D. Strickler, attorney-in-fact

Key filing fact

Simon Johnson filed Form 3 for Seadrill Ltd (SDRL) on 02 Jan 2025.

Key facts

  • This page summarizes Simon Johnson's Form 3 filing for Seadrill Ltd (SDRL).
  • 0 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 02 Jan 2025, 12:42.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SDRL holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26,607
Date
01 Jan 2025
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SDRL holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
01 Jan 2025
Ownership
Direct
Underlying class
Common Shares
Underlying amount
17,809
Exercise price
Footnotes
F1
SDRL holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
01 Jan 2025
Ownership
Direct
Underlying class
Common Shares
Underlying amount
27,759
Exercise price
Footnotes
F2
SDRL holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
01 Jan 2025
Ownership
Direct
Underlying class
Common Shares
Underlying amount
45,147
Exercise price
Footnotes
F3
SDRL holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
01 Jan 2025
Ownership
Direct
Underlying class
Common Shares
Underlying amount
124,662
Exercise price
Footnotes
F4
SDRL holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
01 Jan 2025
Ownership
Direct
Underlying class
Common Shares
Underlying amount
34,544
Exercise price
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents restricted stock units granted to the reporting person on August 6, 2022. 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 on August 6, 2025 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 (the "Committee").

Footnote F2

Represents restricted stock units granted to the reporting person on September 25, 2023. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units vest on September 25, 2025 and will be settled in cash or Common Shares at the election of the Committee.

Footnote F3

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. The restricted stock units vest in three equal annual installments beginning on April 17, 2025 and will be settled in cash or Common Shares at the election of the Committee.

Footnote F4

Represents performance-based restricted stock units granted to the reporting person on August 6, 2022. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units may be earned based on the extent the Company maintains or exceeds set per Common Share trading prices for a period of at least 45 consecutive trading days over the period beginning on August 6, 2022 and ending on August 6, 2025. The earned restricted stock units vest subject to the reporting person's continued employment during such period and will be settled in cash or Common Shares at the election of the Committee.

Footnote F5

Represents performance-based restricted stock units granted to the reporting person on September 25, 2023 for which the performance metric described below has been certified by the Committee. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units were earned based on the achievement of an annual free cash flow performance metric for the annual measurement period beginning on January 1, 2023 and ending on December 31, 2023. The earned restricted stock units vest subject to the reporting person's continued employment from the grant date through December 31, 2025 and will be settled in cash or Common Shares at the election of the Committee.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney

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