Zambelli Ana 4

What Happened

• Ana Zambelli, a director of Seadrill Ltd (SDRL), had 4,860 restricted stock units (RSUs) convert (reported as a derivative exercise/conversion) on May 14, 2026. The filing shows the conversion of 4,860 RSUs but no cash proceeds and no immediate receipt of shares because the reporting person elected to defer delivery.
• The conversion was reported with no per-share price or cash value (Acquired: N/A; Disposed: $0), indicating these were vested RSUs being converted and deferred rather than sold or cashed out.

Key Details

• Transaction date: 2026-05-14. Form filed: 2026-05-18 (filed within required reporting window).
• Shares/units converted: 4,860 RSUs (vested on the first anniversary of the grant).
• Price/value: $0 reported on any disposal; no sale proceeds — shares were deferred, not sold.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: (F1) Zambelli elected to defer receipt of the underlying Common Shares until separation from service or a change in control; (F2) RSUs convert one-for-one into common shares; (F3) these 4,860 RSUs were granted on May 14, 2025 and vested on May 14, 2026.
• Transaction code: M (conversion/exercise of a derivative security). No 10b5-1 plan or tax-withholding sale reported.

Context

• This activity reflects routine compensation vesting/conversion of RSUs rather than an open-market purchase or sale. Because Zambelli elected to defer delivery of the shares, there was no immediate market transaction or cash flow and it does not by itself indicate a bullish or bearish trade by the director.
• For retail investors, purchases are generally more informative; conversions/deferrals like this are typically compensation-related and common for insiders.