Form 4: Seadrill Director Cahuzac Receives Restricted Stock Units

Director Jean Cahuzac reports the acquisition of 4,860 restricted stock units in Seadrill Ltd.

Summary

• Jean Cahuzac, a director of Seadrill Ltd, has reported the acquisition of 4,860 restricted stock units on May 14, 2025.
• Each restricted stock unit represents a contingent right to receive one common share of Seadrill Limited.
• The restricted stock units will vest on the date of the 2026 Annual General Meeting if it occurs at least 50 weeks from the grant date.
• If the 2026 meeting occurs less than 50 weeks from the grant date, the units will vest on the first anniversary of the grant date.
• Settlement will be in cash or common shares at the discretion of the Joint Nomination and Remuneration Committee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.

Future Outlook

The future value of the restricted stock units depends on the performance of Seadrill's common shares and the decision of the Joint Nomination and Remuneration Committee regarding settlement in cash or shares.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the oil and gas industry, aligning management incentives with shareholder value.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Next Steps

• The director will receive common shares or cash upon vesting of the restricted stock units, depending on the decision of the Joint Nomination and Remuneration Committee.

Key Dates

Keywords

Seadrill, Restricted Stock Units, Director, Cahuzac, Equity, Ownership, SDRL