Bernie G. Wolford - Jan 18, 2024 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Role
President and CEO, Director
Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Bernie G. Wolford
Stock symbol
DO
Transactions as of
Jan 18, 2024
Transactions value $
-$97,550
Form type
4
Date filed
1/19/2024, 05:00 PM
Previous filing
Jan 17, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Options Exercise +39.4K +5.53% 752K Jan 18, 2024 Direct F1
transaction DO Common Stock Tax liability -$97.5K -7.89K -1.05% $12.37 744K Jan 18, 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
transaction DO Restricted Stock Units Options Exercise $0 -39.4K -33.33% $0.00 78.9K Jan 18, 2024 Common Stock 39.4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The restricted stock units vest in three equal installments on January 18, 2024, 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.