MCCOLLUM MARK A 4
4 · SEADRILL Ltd · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Seadrill (SDRL) Director Mark A. McCollum Receives RSU Award
What Happened
Mark A. McCollum, a director of Seadrill Ltd (SDRL), was granted 2,618 restricted stock units (RSUs) on June 3, 2026. The filing reports the award at $0.00 per unit (derivative instrument); this reflects a grant of contingent rights to receive common shares rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-06-03 (reported on Form 4 filed 2026-06-05) — filing appears timely.
- Security/amount: 2,618 restricted stock units (RSUs); reported price $0.00 (award/derivative).
- Post-transaction holdings: Not specified in the provided filing summary.
- Footnotes: F1 confirms each RSU represents a contingent right to one common share. F2 states vesting occurs either at the 2027 Annual General Meeting (if that meeting is at least 50 weeks from the grant) or on the first anniversary of the grant, and settlement may be in cash or common shares at the committee’s election.
- Transaction code: "A" (award/grant); this is not a market purchase or sale.
Context
RSUs are a form of compensation that convert into shares (or cash tied to share value) after vesting and do not represent an immediate cash transaction or open-market trade. Such grants are common for directors and executives as compensation and do not, by themselves, indicate buying or selling sentiment.
Insider Transaction Report
Form 4
SEADRILL LtdSDRL
MCCOLLUM MARK A
Director
Transactions
- 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.
Signature
/s/ Todd D. Strickler, attorney-in-fact|2026-06-05