SCHULTZ ANDREW ELIOT 4

What Happened

• Andrew Eliot Schultz, a director of Seadrill Ltd (SDRL), was granted 2,618 restricted stock units (RSUs) on June 3, 2026. The RSUs were granted at no cash price ($0.00 per unit) and represent a contingent right to receive one common share per RSU upon vesting. This is an equity award (not a purchase or sale).

Key Details

• Transaction date: June 3, 2026; Filing date: June 5, 2026 (filed within the Form 4 reporting window).
• Grant: 2,618 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: Each RSU is a contingent right to one common share of Seadrill Limited.
• Footnote F2: Vesting occurs either at the 2027 Annual General Meeting if that meeting is at least 50 weeks from the grant date, or otherwise on the first anniversary of the grant; settlement may be in cash or common shares at the election of the Joint Nomination and Remuneration Committee.
• Transaction code: A (award/grant).

Context

• RSU grants are a form of compensation and do not involve an immediate cash purchase or sale of stock. They become valuable only if and when they vest and are settled (in cash or shares). Such awards are common for directors and executives and do not by themselves indicate buying or selling intent.