Dominic A. Savarino - Aug 12, 2022 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Dominic A. Savarino
Stock symbol
DO
Transactions as of
Aug 12, 2022
Transactions value $
-$47,087
Form type
4
Date filed
8/16/2022, 10:53 AM
Previous filing
Jul 6, 2022
Next filing
Jan 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Award +26.6K +174.51% 41.8K Aug 12, 2022 Direct F1, F2
transaction DO Common Stock Tax liability -$47.1K -6.47K -15.48% $7.28 35.3K Aug 12, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares of common stock represent shares issuable pursuant to performance-based restricted stock units awarded on July 1, 2021 that vested on August 12, 2022 (the "Determination Date") upon determination of the level of attainment of the performance goals following the performance period and the number of performance-based restricted stock units eligible to vest. The shares of common stock are deliverable by the company to the reporting person within 30 days following the Determination Date.
F2 The shares were received for no consideration upon the satisfaction of performance criteria underlying the award of performance-based restricted stock units.