ROBERTSON JULIE J 4

What Happened
Julie J. Robertson, a director of Seadrill Limited (SDRL), was granted 3,272 restricted stock units (RSUs) on June 3, 2026. The award is reported as a derivative grant with an acquisition price of $0.00 (transaction code A). Each RSU is a contingent right to receive one common share of Seadrill when settled; there is no immediate share transfer or cash exchanged at grant.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (within the standard two-business-day reporting window).
• Grant size: 3,272 RSUs; reported acquisition value $0.00 (derivative award).
• Shares owned after the transaction: not reported in the provided excerpt.
• Footnote F1: RSUs represent a contingent right to one common share each (par value $0.01).
• Footnote F2: Vesting occurs either at the 2027 Annual General Meeting if that meeting is at least 50 weeks from the grant date, or on the first anniversary of the grant if earlier; settlement will be in cash or common shares at the discretion of the Joint Nomination and Remuneration Committee.

Context
RSU grants are a common form of compensation for directors and do not represent an immediate purchase or sale of shares. They indicate potential future dilution if settled in shares, or a cash payout if settled in cash, depending on the committee’s election at vesting.