Simon Johnson - 18 Mar 2025 Form 4 Insider Report for Seadrill Ltd (SDRL)

Reporting relationship: President & CEO
Issuer ticker: SDRL
Reported as of: 18 Mar 2025
Net transaction value: -$778,742
SEC form: 4
Accepted by SEC: 05 Jan 2026, 20:44:32 UTC
Prior SEC filing: 02 Jan 2025
Next SEC filing: 21 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Todd D. Strickler, attorney-in-fact

Key filing fact

Simon Johnson filed Form 4 for Seadrill Ltd (SDRL) on 05 Jan 2026.

Key facts

This page summarizes Simon Johnson's Form 4 filing for Seadrill Ltd (SDRL).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 05 Jan 2026, 20:44.

Change

Previous filing in this sequence was filed on 02 Jan 2025.
Current net transaction value: -$778,742.

Research use

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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001602196 Primary reporting owner

Johnson Simon

Relationship: President & CEO
Address: 11025 EQUITY DRIVE, SUITE 150, HOUSTON
Signature: /s/ Todd D. Strickler, attorney-in-fact
Signature date: 05 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SDRL transaction

Common Shares

Options Exercise

Transaction value
Shares: +54,177
Change %: +51%
Price
Shares after: 159,695
Date: 31 Dec 2025
Ownership: Direct
Footnotes: F1, F5, F6

SDRL transaction

Common Shares

Tax liability

Transaction value: $778,742
Shares: -22,507
Change %: -14%
Price: $34.60
Shares after: 137,188
Date: 31 Dec 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SDRL transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +19,633
Change %
Price
Shares after: 19,633
Date: 18 Mar 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 19,633
Exercise price
Footnotes: F1, F2, F3

SDRL transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +10,263
Change %
Price
Shares after: 10,263
Date: 18 Mar 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 10,263
Exercise price
Footnotes: F1, F4

SDRL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -34,544
Change %: -100%
Price
Shares after: 0
Date: 31 Dec 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 34,544
Exercise price
Footnotes: F1, F5

SDRL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -19,633
Change %: -100%
Price
Shares after: 0
Date: 31 Dec 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 19,633
Exercise price
Footnotes: F1, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Restricted stock units convert into common shares, par value $0.01 per share (each, a "Common Share"), of Seadrill Limited (the "Company") on a one-for-one basis.

Footnote F2

On September 25, 2023, the reporting person was granted 129,542 performance-based restricted stock units, each of which represented a contingent right to receive one Common Share. 60% of such restricted stock units were subject to the achievement of certain total shareholder return metrics; and 40% were subject to the achievement of an annual free cash flow performance metric (the "2023 Award FCF Metric") measured annually for each of the years beginning January 1 and ending December 31, 2023, 2024 and 2025 (the annual measurement periods ended December 31, 2023 and 2024, respectively, the "2023 Measurement Period" and the "2024 Measurement Period"). The earned restricted stock units vest subject to the reporting person's continued employment from the grant date through December 31, 2025 and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company (the "Committee").

Footnote F3

(Continued from footnote 2) On March 18, 2025, the Committee certified achievement of the 2023 Award FCF Metric for the 2024 Measurement Period at 113.67%.

Footnote F4

On April 17, 2024, the reporting person was granted 67,720 performance-based restricted stock units, each of which represented a contingent right to receive one Common Share. 60% of such restricted stock units were subject to the achievement of certain total shareholder return metrics; and 40% were subject to the achievement of an annual free cash flow performance metric (the "2024 Award FCF Metric") measured annually for each of the years beginning January 1 and ending December 31, 2024, 2025 and 2026. The earned restricted stock units vest subject to the reporting person's continued employment from the grant date through December 31, 2026 and will be settled in cash or Common Shares at the election of the Committee. On March 18, 2025, the Committee certified achievement of the 2024 Award FCF Metric for the 2024 Measurement Period at 113.67%.

Footnote F5

Represents the number of restricted stock units subject to the 2023 Award FCF Metric and relating to the 2023 Measurement Period that vested on December 31, 2025.

Footnote F6

Represents the number of restricted stock units subject to the 2023 Award FCF Metric and relating to the 2024 Measurement Period that vested on December 31, 2025.