Form 4: Seadrill Ltd. Executive Wieggers Marcel Reports Stock Transactions
SEC Form 4 Filing
Senior VP of Operations at Seadrill Ltd., Marcel Wieggers, reports acquisition and disposal of common shares and restricted stock units on April 17, 2025.
Summary
- Marcel Wieggers, Senior VP of Operations at Seadrill Ltd., filed a Form 4 detailing changes in beneficial ownership.
- On April 17, 2025, Wieggers acquired 3,912 common shares through the conversion of restricted stock units.
- Also on April 17, 2025, Wieggers disposed of 953 common shares at a price of $20.88.
- Following these transactions, Wieggers directly owns 4,040 common shares.
- Wieggers also disposed of 3,912 Restricted Stock Units.
- Following these transactions, Wieggers directly owns 7,826 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Seadrill Ltd.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Reporting person was granted 11,738 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 04/17/2025 | Date of earliest transaction: acquisition of 3,912 common shares via conversion of restricted stock units and disposal of 953 common shares at $20.88. |
| 04/21/2025 | Date of signature of the report. |
Keywords
Form 4, Seadrill Ltd, Marcel Wieggers, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Common Shares
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