Brady K. Long - 06 Feb 2025 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
EVP & Chief Legal Officer
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Issuer symbol
RIG
Transactions as of
06 Feb 2025
Net transactions value
-$394,164
Form type
4
Filing time
10 Feb 2025, 16:36:19 UTC
Previous filing
05 Mar 2024
Next filing
18 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +267,096 +25% $0.000000 1,352,578 06 Feb 2025 Direct F1, F2
transaction RIG Registered Shares Tax liability $394,164 -107,695 -8% $3.66 1,244,883 07 Feb 2025 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 10, 2022, vested on February 6, 2025, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2022-2024 performance cycle.
F2 The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order.
F3 Shares sold upon vesting to satisfy tax withholding obligations.