Form 4: Transocean Ltd. Executive Adamson Keelan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Transocean's President and COO, Adamson Keelan, reports acquisition of shares through vesting of deferred units and subsequent disposal to cover tax obligations.
Summary
- On February 6, 2025, Adamson Keelan, President and COO of Transocean Ltd., acquired 342,772 registered shares upon the vesting of deferred units.
- These deferred units were awarded on February 10, 2022, and vested based on the satisfaction of performance measures related to the Issuer's 2022-2024 performance cycle.
- On February 7, 2025, Mr. Keelan disposed of 138,208 registered shares at a price of $3.66 to satisfy tax withholding obligations.
- Following these transactions, Mr. Keelan beneficially owns 1,225,516 registered shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Transocean. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Transocean Ltd.
Key Dates
| Date | Description |
|---|---|
| 2022-02-10 | Deferred Units awarded |
| 2025-02-06 | Deferred Units vested; 342,772 shares acquired |
| 2025-02-07 | 138,208 shares disposed of to cover tax obligations at $3.66 |
| 2025-02-10 | Date of signature for the report |
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