Brady K. Long - Mar 1, 2024 Form 4 Insider Report for Transocean Ltd. (RIG)

Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Mar 1, 2024
Transactions value $
$784,047
Form type
4
Date filed
3/5/2024, 07:17 PM
Previous filing
Feb 12, 2024
Next filing
Feb 10, 2025

Transactions Table

* 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 February 12, 2021, pursuant to the Issuer's long-term incentive plan. One third of such restricted share units vested on March 1, 2024, 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 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted share units vested on March 1, 2024, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 105,098 on March 1, 2025.
F3 Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2024, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 52,777 on March 1, 2025 and 52,778 on March 1, 2026
F4 Shares sold upon vesting to satisfy tax withholding obligations.