PILENKO THIERRY 4
4 · ROWAN COMPANIES PLC · Filed May 29, 2018
Insider Transaction Report
Form 4
PILENKO THIERRY
Director
Transactions
- Award
Deferred Restricted Share Units
2018-05-25+13,080→ 28,191 total→ Class A Ordinary Shares (13,080 underlying)
Footnotes (2)
- [F1]Each deferred restricted share unit represents a contingent right to receive cash, one Class A Ordinary Share of Rowan Companies plc, or a combination thereof, at the discretion of the compensation committee of the board of directors of Rowan Companies plc.
- [F2]Each deferred restricted share unit vests on the earlier of the first anniversary of the date of the grant or the date of the next annual general meeting of shareholders of Rowan Companies plc. Each deferred restricted share unit settles upon the termination of the reporting person's service on the board of directors of Rowan Companies plc. Each restricted share unit settles in cash, Class A Ordinary Shares of Rowan Companies plc, or a combination thereof, at the discretion of the compensation committee of the board of directors of Rowan Companies plc.