Creed Grant R 4
4 · SEADRILL Ltd · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Seadrill (SDRL) CFO Grant R. Creed Sells 34,147 Shares (~$1.53M)
What Happened
Grant R. Creed, Executive Vice President & CFO of Seadrill Ltd (SDRL), sold a total of 34,147 common shares in open-market transactions on June 11, 2026. The sales were executed in two groups: 6,195 shares at a weighted average price of $44.20 (proceeds $273,819) and 27,952 shares at a weighted average price of $44.92 (proceeds $1,255,604), for total proceeds of approximately $1,529,423. These were disposals (sales), not purchases or option exercises.
Key Details
- Transaction date: 2026-06-11 (filed 2026-06-12) — filing appears timely.
- Trade breakdown:
- 6,195 shares sold at weighted avg $44.20; price range reported $43.87–$44.435 (Footnote F1).
- 27,952 shares sold at weighted avg $44.92; price range reported $44.44–$45.425 (Footnote F2).
- Total shares sold: 34,147; total proceeds: ≈ $1,529,423.
- Shares owned after the transaction: Not specified in the information provided.
- Notable footnotes: Weighted-average prices reported; the filer states they can provide the number of shares sold at each price within the ranges on request. No 10b5-1 plan, tax withholding, or other special instruction was disclosed in the provided notes.
Context
These were open-market sales by a company executive. Sales are common and can reflect many possible reasons (personal liquidity, portfolio rebalancing, etc.); they do not by themselves indicate the company’s fundamentals. Retail investors may want to check the insider’s remaining ownership (if disclosed elsewhere), recent trading history, and company updates for fuller context.
Insider Transaction Report
- Sale
Common Shares
[F1]2026-06-11$44.20/sh−6,195$273,819→ 51,016 total - Sale
Common Shares
[F2]2026-06-11$44.92/sh−27,952$1,255,604→ 23,064 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.87 to $44.435, inclusive. The reporting person undertakes to provide to Seadrill Limited (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.44 to $45.425, inclusive.