Sauer-Petersen Torsten 4

What Happened

• Torsten Sauer-Petersen, Executive Vice President and Chief Technology & Sustainability Officer of Seadrill Ltd (SDRL), was granted 12,370 restricted stock units (RSUs) on March 16, 2026. The grant is reported as a derivative award at $0.00 (no purchase price); total immediate cash value is not recorded in the Form 4.
• The RSUs represent a contingent right to receive one common share per unit, subject to vesting and settlement terms. This is a compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Report filed: 2026-03-18 (timely filing).
• Amount: 12,370 RSUs granted; reporting shows acquisition of derivative securities at $0.00.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 — each RSU converts to one common share upon settlement. F2 — RSUs vest in three equal annual installments beginning March 16, 2027 and will be settled in cash or common shares at the election of the company’s Joint Nomination and Remuneration Committee.
• Transaction type: Award/Grant of derivative securities (RSUs), not a sale or market purchase.

Context

• RSU grants are a form of executive compensation and typically vest over time; they do not indicate an immediate purchase or sale of stock. The ultimate value to the insider depends on Seadrill’s stock price at vesting/settlement and whether the company elects cash or share settlement.
• For retail investors: grants are routine compensation disclosures. Purchases or sales by insiders can be more informative about sentiment than one-time grants.