David A. Tonnel - Feb 8, 2024 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
SVP - CHIEF ACCOUNTING OFFICER
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Feb 8, 2024
Transactions value $
-$711,627
Form type
4
Date filed
2/12/2024, 05:16 PM
Previous filing
Sep 5, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +346K +82.76% $0.00 764K Feb 8, 2024 Direct F1
transaction RIG Registered Shares Tax liability -$712K -140K -18.35% $5.08 623K Feb 9, 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 +136K $0.00 136K Feb 8, 2024 Registered Shares 136K $0.00 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: 45,259 on March 1, 2025; 45,259 on March 1, 2026; and 45,259 on March 1, 2027.