Kjaervik Jan 4

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.