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

Role: Senior Vice President and CFO
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.

Content

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.

The shares were received for no consideration upon the satisfaction of performance criteria underlying the award of performance-based restricted stock units.