Quarls Harry 4

What Happened
Harry Quarls, a director of Seadrill Ltd. (SDRL), received a grant of 2,618 restricted stock units (RSUs) on June 3, 2026. The award was recorded as a derivative grant (code A) with no purchase price ($0.00) at grant — RSUs are a contingent right to receive one common share each and carry no immediate cash cost to the insider.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (appears timely under Form 4 rules).
• Grant: 2,618 restricted stock units (RSUs); grant price reported $0.00.
• Shares owned after transaction: Not disclosed in this filing.
• Vesting (per filing footnote): RSUs vest either (i) on the date of the 2027 Annual General Meeting if that meeting occurs at least 50 weeks from the grant date, or (ii) on the first anniversary of the grant if earlier; settlement may be in cash or common shares at the Joint Nomination and Remuneration Committee's election.
• Transaction type: Award/grant of derivative equity (code A), not a market purchase or sale.

Context
RSU grants are a common form of executive/director compensation tied to service or tenure and do not by themselves indicate buying or selling sentiment. These RSUs convert to shares (or cash) only if and when they vest per the schedule above.