Form 4: Seadrill CEO Simon Johnson Reports Stock Transactions
SEC Form 4 Filing
Seadrill's CEO, Simon Johnson, reports the vesting and subsequent disposal of common shares related to restricted stock units.
Summary
- On April 17, 2025, Simon Johnson, the President & CEO of Seadrill Ltd, reported transactions involving Seadrill's common shares.
- 15,049 common shares were acquired through the vesting of restricted stock units.
- 5,992 shares were disposed of at a price of $20.88 per share.
- Following these transactions, Johnson directly owns 35,664 common shares.
- The reported transactions also involved restricted stock units that convert into common shares on a one-for-one basis.
- These restricted stock units were granted on April 17, 2024, and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives.
Stakeholder Impact
- Shareholders may be interested in the CEO's transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Grant date of 45,147 restricted stock units vesting in three equal annual installments. |
| 04/17/2025 | Date of transaction: vesting of 15,049 restricted stock units and disposal of 5,992 common shares. |
| 04/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Seadrill, Simon Johnson, SDRL, Form 4, Stock transaction, Restricted Stock Units, CEO, Beneficial Ownership
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