Form 4: Seadrill Director Exercises Restricted Stock Units
SEC Form 4 Filing
Director Harry Quarls exercised 2,409 restricted stock units of Seadrill Ltd on April 17, 2025, converting them into common shares.
Summary
- On April 17, 2025, Harry Quarls, a director of Seadrill Ltd, exercised 2,409 restricted stock units.
- These units converted into 2,409 common shares of Seadrill Ltd.
- The transaction was reported in a Form 4 filing with the SEC.
- The reporting person now beneficially owns 11,409 common shares.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
This filing reflects routine executive compensation practices within publicly traded companies, where stock-based compensation is used to align the interests of management with those of shareholders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new common shares.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Reporting person was granted 2,409 restricted stock units, all of which vested on the first anniversary of the grant date. |
| 04/17/2025 | Date of transaction: Director exercised 2,409 restricted stock units. |
| 04/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Seadrill, Director, Restricted Stock Units, Common Shares, Form 4, SEC Filing, Ownership
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