MCCOLLUM MARK A 4

What Happened

• Mark A. McCollum, a director of Seadrill Ltd (SDRL), had 4,860 restricted stock units (RSUs) convert into 4,860 common shares on May 14, 2026. The filing shows an acquisition of 4,860 shares (conversion of RSUs) and a matching disposition of 4,860 shares reported at $0.00. The acquisition has no cash price (RSU conversion); the reported $0.00 disposition indicates the shares were not sold for cash in an open-market sale.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (timely within reporting window).
• Acquired: 4,860 shares via conversion of RSUs (derivative conversion, code M).
• Disposed: 4,860 shares at $0.00 (reported as a derivative disposition).
• Shares owned after transaction: not provided in the supplied filing details.
• Notable footnotes from the filing:
  • F1: RSUs convert into Seadrill common shares on a one-for-one basis.
  • F2: The RSUs were granted May 14, 2025 and vested on the first anniversary (May 14, 2026).
• Filing appears timely (filed May 18 for a May 14 transaction); no late-file indication in provided data.

Context

• This is primarily an award vesting (RSU conversion) rather than an independent purchase or open-market sale. Disposition at $0.00 in RSU vesting situations commonly reflects a net settlement or shares withheld to satisfy tax-withholding or similar obligations, not an open-market sale for cash. The filing does not show a cash sale or net proceeds.