Strickler Todd D 4

What Happened Todd D. Strickler, Senior Vice President & General Counsel of Seadrill Limited (SDRL), received a grant of 10,943 restricted stock units (RSUs) on March 16, 2026. The award is reported as a derivative acquisition at $0.00 per unit (no immediate cash purchase). Each RSU represents a contingent right to one common share of Seadrill; the units vest in three equal annual installments beginning March 16, 2027 and may be settled in cash or common shares at the committee’s election. This is a compensation award (not a market purchase or sale).

Key Details

• Transaction date and type: 2026-03-16 — Grant/Award (code A); reported price $0.00 (derivative RSUs).
• Quantity: 10,943 restricted stock units.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — RSUs equal contingent right to one common share each. F2 — Vest in three equal annual installments starting 2027-03-16; settlement in cash or shares per the Joint Nomination and Remuneration Committee.
• Filing timeliness: Report filed 2026-03-18 for a 2026-03-16 grant — appears timely (Form 4s are generally due within two business days).

Context RSU grants are a common form of executive compensation and do not involve an immediate purchase or sale of shares. Value is realized only as units vest and are settled (in shares or cash), so this award mainly reflects compensation policy rather than an insider buying or selling stock.