Wieggers Marcel 4

What Happened

• Marcel Wieggers, Senior Vice President, Operations at Seadrill Ltd (SDRL), had 651 restricted stock units (RSUs) convert into 651 common shares on Feb 1, 2026.
• To satisfy tax withholding, 193 of those shares were surrendered/sold on Feb 2, 2026 at $38.30 per share for a reported total of $7,392. Net shares received by Wieggers from this vesting were 458 shares (651 vested − 193 withheld). This was a routine vesting/tax withholding event, not an open-market purchase.

Key Details

• Transaction dates: Feb 1, 2026 (RSU conversion/exercise); Feb 2, 2026 (tax withholding/surrender).
• Prices/values: tax withholding of 193 shares at $38.30/share = $7,392 reported.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Codes/meanings: M = exercise/conversion of derivative (conversion of RSUs into common shares); F = payment of exercise price or tax liability (shares withheld to cover taxes).
• Footnotes: F1 — RSUs convert one-for-one into common shares (par $0.01). F2 — These RSUs were part of a Feb 1, 2023 grant of 1,953 RSUs vesting in three equal annual installments (651 shares per year).
• Filing: Form 4 was filed Feb 3, 2026 (covers transactions on Feb 1–2); filing appears timely based on the transaction dates.

Context

• This transaction reflects scheduled RSU vesting and routine tax withholding rather than a discretionary buy or sale. The 193-share withholding is a common method to cover tax obligations on vested equity and should not by itself be read as a bullish or bearish bet by the insider.