Ali Samir H 4

What Happened

• Ali Samir H, President & CEO of Seadrill Ltd (SDRL), had 3,913 restricted stock units (RSUs) convert into common shares on April 17, 2026. The gross value of those shares at the reported withholding price ($46.17) is about $180.7k.
• To cover tax withholding, 1,540 of the newly converted shares were surrendered (disposed) for $46.17 each, totaling $71,102. After withholding, the CEO received roughly 2,373 net shares (net value ≈ $109.6k). The RSUs carry no exercise price (reported $0).

Key Details

• Transaction date: 2026-04-17; Form 4 filed 2026-04-21 (filed timely within the 2 business-day window).
• Reported transaction codes: M = conversion/exercise of derivative (RSU conversion), F = shares withheld for tax liability.
• Share counts/prices: 3,913 RSUs converted; 1,540 shares withheld at $46.17 each ($71,102); net ~2,373 shares retained. Gross value ≈ $180,663; net value to insider ≈ $109,561.
• Shares owned after the transaction are not provided in the supplied excerpt.
• Footnotes: F1 — RSUs convert one-for-one into common shares. F2 — These RSUs were part of an 11,738 RSU grant on April 17, 2024, vesting in three equal annual installments (this represents one installment).

Context

• This was a routine RSU vesting and tax-withholding event (not an open-market buy or sale). RSUs have no exercise price; withholding of shares to cover taxes is common and does not by itself indicate a buy/sell signal.