Quick Takeaways
- This page summarizes Howard E. Davis's Form 4 filing for Transocean Ltd. (RIG).
- 3 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 12 Feb 2024, 17:14.
Howard E. Davis - 08 Feb 2024 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
- 08 Feb 2024
- Net transactions value
- -$1,061,740
- Form type
- 4
- Filing time
- 12 Feb 2024, 17:14:09 UTC
- Previous filing
- 18 Dec 2023
- Next filing
- 05 Mar 2024
- SEC
- View on sec.gov
Quoteable Key Fact
"Howard E. Davis filed Form 4 for Transocean Ltd. (RIG) on 12 Feb 2024."
What Changed
- Previous filing in this sequence was filed on 18 Dec 2023.
- Current net transaction value: -$1,061,740.
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 | $0 | +554,801 | +60% | $0.000000 | 1,479,407 | 08 Feb 2024 | Direct | F1 |
| transaction | RIG | Registered Shares | Tax liability | $1,061,740 | -209,004 | -14% | $5.08 | 1,270,403 | 09 Feb 2024 | Direct | F2 |
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 | RIG | Restricted Units | Award | $0 | +198,047 | $0.000000 | 198,047 | 08 Feb 2024 | Registered Shares | 198,047 | $0.000000 | Direct | F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Deferred Units awarded on February 12, 2021, vested on February 8, 2024, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2021-2023 performance cycle. |
| F2 | Shares sold upon vesting to satisfy tax withholding obligations. |
| F3 | The Restricted Units were acquired on February 8, 2024, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 66,015 on March 1, 2025; 66,016 on March 1, 2026; and 66,016 on March 1, 2027. |