Sauer-Petersen Torsten 4

What Happened

• Torsten Sauer-Petersen, EVP, Chief Technology & Sustainability Officer at Seadrill (SDRL), had 7,954 restricted stock units (RSUs) vest and convert into common shares on April 25, 2026 (reported as derivative conversion). Following the vesting, 3,130 shares were withheld on April 27, 2026 to cover tax liabilities at $48.10 per share, generating $150,553 in withholding. Net shares retained from this vesting: 4,824 (7,954 vested − 3,130 withheld).
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = payment of tax liability via share withholding. This was a routine vesting/conversion and withholding, not an open-market purchase or sale.

Key Details

• Vesting / conversion date: 2026-04-25 (7,954 shares converted)
• Tax withholding date: 2026-04-27 (3,130 shares withheld at $48.10 → $150,553)
• Net shares retained from this vesting: 4,824
• Shares owned after the transaction: not specified in the filing excerpt
• Footnotes: F1 — RSUs convert one-for-one into Seadrill common shares; F2 — these shares are from a 23,864-RSU grant dated 2025-04-25 that vests in three equal annual installments (one installment = 7,954)
• Filing: Form 4 filed 2026-04-28; appears timely (within required reporting window for officers)

Context

• RSU conversions and share-withholding for taxes are routine compensation events. The filing shows the award vested and was converted to shares; a portion was withheld to satisfy tax obligations rather than sold on the open market.
• For retail investors: these entries document executive compensation vesting and tax withholding, not an open-market buy or sell signal.