Kjaervik Jan 4
4 · SEADRILL Ltd · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Seadrill (SDRL) Director Jan Kjaervik Receives RSU Award
What Happened Jan Kjaervik, a director of Seadrill Limited (SDRL), was granted 2,618 restricted stock units (RSUs) on June 3, 2026. The reported acquisition price is $0.00 (a grant/award); the RSUs are a derivative award that represent a contingent right to receive one common share each (or cash equivalent) upon vesting. This is a compensation award rather than a market purchase or sale.
Key Details
- Transaction date and type: June 3, 2026 — Grant/Award of 2,618 RSUs (derivative), $0.00 per unit.
- Report filed: Form 4 filed June 5, 2026 (appears timely under normal Form 4 rules).
- Shares owned after transaction: Not specified in the provided filing extract.
- Footnotes:
- F1: Each RSU is a contingent right to one common share of Seadrill Limited.
- F2: RSUs vest either at the 2027 Annual General Meeting if that meeting occurs at least 50 weeks after the grant date, or otherwise on the first anniversary of the grant; vested awards will be settled in cash or shares at the Board committee’s election.
Context RSU grants are a common form of director/executive compensation and do not reflect an open-market buy or sale. These RSUs are not immediately exercisable — they vest on a time/meeting-based schedule and may be paid in shares or cash, so they do not indicate immediate insider buying or selling.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-06-03+2,618→ 2,618 total→ Common Shares (2,618 underlying)
Footnotes (2)
- [F1]Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").
- [F2]The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.