Wieggers Marcel 4

What Happened

• Marcel Wieggers, Senior Vice President, Operations at Seadrill Ltd (SDRL), was granted 10,943 restricted stock units (RSUs) on March 16, 2026. The Form 4 records the acquisition as a derivative award at $0.00 (no purchase price listed). The filing does not state a dollar valuation; economic value equals the number of shares times SDRL’s market price on the grant date. This is an award/grant (not a purchase or sale).

Key Details

• Transaction date and price: 2026-03-16, grant recorded at $0.00 (transaction code A = Award/Grant).
• Shares awarded: 10,943 restricted stock units (each RSU represents a contingent right to one common share).
• Vesting/settlement: RSUs vest in three equal annual installments beginning March 16, 2027; settlement may be in cash or common shares at the election of the Joint Nomination and Remuneration Committee (per footnotes).
• Shares owned after transaction: not disclosed on the Form 4.
• Filing timeliness: Form 4 was filed on 2026-03-18 for a 2026-03-16 grant — appears timely under standard reporting rules.

Context

• RSUs are a deferred-compensation award: they do not convey actual shares until they vest and are settled, so this grant does not represent an immediate buy or sell decision by the insider.
• Grants are common for executive compensation and retention and should be interpreted as compensation, not necessarily a directional signal about management’s view of the stock.