Creed Grant R 4

What Happened

• Creed Grant R, Executive Vice President & Chief Financial Officer of Seadrill Ltd (SDRL), had 12,238 restricted stock units (RSUs) vest and convert into 12,238 common shares on April 25, 2026. The RSUs converted at no exercise price ($0.00).
• To satisfy tax withholding, 4,816 of those shares were surrendered on April 27, 2026 at $48.10 per share, equal to $231,650. Net shares issued to the insider from this vesting event were 7,422 (12,238 vested − 4,816 withheld).
• This was a compensation/vesting event (not an open-market buy or sell); withholding of shares for taxes is routine.

Key Details

• Transaction dates: April 25, 2026 (RSU conversion); April 27, 2026 (tax withholding).
• Prices/values: conversion recorded with $0.00 exercise price; 4,816 shares withheld at $48.10 each = $231,650.
• Shares after transaction: filing does not state total holdings; net new shares received from this vesting = 7,422.
• Footnotes: F1 — RSUs convert one-for-one into Seadrill common shares. F2 — These RSUs were part of a grant on April 25, 2025 for 36,714 RSUs, vesting in three equal annual installments (12,238 each).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax liability.
• Filing date: Form 4 filed April 28, 2026. The filing does not flag late reporting in the Form 4.

Context

• RSU vesting is a compensation event and not a market purchase or a voluntary sale; withheld shares to cover taxes are a common administrative/cashless exercise method.
• Such routine vesting transactions generally do not by themselves indicate management trading intent or a directional view on the stock.