ROBERTSON JULIE J 4
4 · Seadrill Ltd · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Seadrill (SDRL) Director Julie Robertson Receives 6,075 Shares
What Happened
Julie J. Robertson, a director of Seadrill Ltd (SDRL), received 6,075 common shares on May 14, 2026 when restricted stock units (RSUs) converted to common stock. The Form 4 shows an acquisition of 6,075 shares (conversion of a derivative) and a matching disposition of 6,075 shares at $0.00. No cash proceeds are reported for the disposition.
Key Details
- Transaction date: 2026-05-14 (reported on Form 4 filed 2026-05-18). Filing was timely (filed within two business days).
- Acquired: 6,075 shares via conversion of RSUs (transaction code M). Price: N/A.
- Disposed: 6,075 shares at $0.00 (reported proceeds $0).
- Footnotes: F1 — RSUs convert one-for-one into common shares (par $0.01). F2 — These 6,075 RSUs were granted 2025-05-14 and vested on the first anniversary (2026-05-14).
- Shares owned after the transaction are not provided in the filing excerpt.
Context
This was not an open-market purchase or sale; it reflects vested RSUs converting into shares. A $0.00 disposition commonly indicates net settlement or share withholding (e.g., to cover taxes) rather than a sale for cash. Such award vestings are routine compensation events and do not, by themselves, signal insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-05-14+6,075→ 9,086 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-14−6,075→ 0 total→ Common Shares (6,075 underlying)
Footnotes (2)
- [F1]Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.
- [F2]On May 14, 2025, the reporting person was granted 6,075 restricted stock units, all of which vested on the first anniversary of the grant date.