Wolford Bernie G. 4
4 · DIAMOND OFFSHORE DRILLING, INC. · Filed May 16, 2023
Insider Transaction Report
Form 4
Wolford Bernie G.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2023-05-12+39,219→ 728,151 total - Exercise/Conversion
Restricted Stock Units
2023-05-12−39,219→ 78,436 total→ Common Stock (39,219 underlying) - Tax Payment
Common Stock
2023-05-12$11.58/sh−15,433$178,714→ 712,718 total
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On May 16, 2022, the reporting person filed a Form 4 that reported that he was granted 116,769 restricted stock units on May 12, 2022, which inadvertently understated the number of restricted stock units that he was actually granted by 886 restricted stock units. This Form 4 correctly reflects that the reporting person was granted 117,655 restricted stock units on May 12, 2022, the first installment of which vested on May 12, 2023.
- [F3]The restricted stock units vest in three equal annual installments on May 12, 2023, May 12, 2024 and May 12, 2025. One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.