CAHUZAC JEAN 4

What Happened
Jean Cahuzac, a director of Seadrill Ltd. (SDRL), received a grant of 2,618 restricted stock units (RSUs) on June 3, 2026. The Form 4 reports the award as a derivative grant with an acquisition price of $0.00 (no cash paid). Each RSU represents a contingent right to receive one common share of Seadrill upon vesting.

Key Details

• Transaction date: June 3, 2026; Filing date: June 5, 2026 (Form 4 accession 0001193125-26-258863) — filing appears timely.
• Grant: 2,618 RSUs; reported price $0.00; reported value $0 at acquisition (RSUs are not an open-market purchase).
• Shares owned after transaction: not disclosed in this filing.
• Footnote highlights: F1 — each RSU entitles the holder to one common share upon settlement; F2 — vesting occurs either at the 2027 Annual General Meeting if that meeting is ≥50 weeks from the grant date, or on the first anniversary of the grant if earlier; settlement may be in cash or common shares at the committee’s election.
• Transaction type: Award/Grant (code A); derivative security (contingent equity), not an immediate transfer of common shares.

Context
RSU grants are a form of compensation and do not represent an immediate purchase or sale of stock. They typically do not carry voting rights until settled into actual shares. Because these units may be settled in cash or shares and vest in the future, they do not necessarily signal insider buying or selling activity today.