Quick Takeaways
- This page summarizes Howard E. Davis's Form 4 filing for Transocean Ltd. (RIG).
- 4 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 03 Mar 2023, 16:02.
Howard E. Davis - 01 Mar 2023 Form 4 Insider Report for Transocean Ltd. (RIG)
- Role
- EVP, CAO & CIO
- Signature
- /s/ Daniel Ro-Trock by Power of Attorney
- Issuer symbol
- RIG
- Transactions as of
- 01 Mar 2023
- Net transactions value
- +$1,370,476
- Form type
- 4
- Filing time
- 03 Mar 2023, 16:02:39 UTC
- Previous filing
- 13 Feb 2023
- Next filing
- 18 Dec 2023
- SEC
- View on sec.gov
Quoteable Key Fact
"Howard E. Davis filed Form 4 for Transocean Ltd. (RIG) on 03 Mar 2023."
What Changed
- Previous filing in this sequence was filed on 13 Feb 2023.
- Current net transaction value: +$1,370,476.
Why This Matters
- 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.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RIG | Registered Shares | Options Exercise | $790,758 | +111,689 | +15% | $7.08 | 865,668 | 01 Mar 2023 | Direct | F1 |
| transaction | RIG | Registered Shares | Options Exercise | $735,364 | +103,865 | +12% | $7.08 | 969,533 | 01 Mar 2023 | Direct | F2 |
| transaction | RIG | Registered Shares | Options Exercise | $733,233 | +103,564 | +11% | $7.08 | 1,073,097 | 01 Mar 2023 | Direct | F3 |
| transaction | RIG | Registered Shares | Tax liability | $888,879 | -131,491 | -12% | $6.76 | 941,606 | 02 Mar 2023 | Direct | F4 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Restricted Units, which are 1-for-1 share equivalents, acquired on May 8, 2020, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. |
| F2 | Restricted Units, which are 1-for-1 share equivalents, acquired on February 12, 2021, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,865 on March 1, 2024. |
| F3 | Restricted Units, which are 1-for-1 share equivalents, acquired on February 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,565 on March 1, 2024 and 103,565 on March 1, 2025. |
| F4 | Shares sold upon vesting to satisfy tax withholding obligations. |