INTRIERI VINCENT J 4

What Happened
Vincent J. Intrieri, a director of Transocean Ltd. (RIG), was granted 30,435 restricted units on May 22, 2026. The units are reported at $0.00 per unit (total reported value $0) and are derivative awards that will be payable in registered shares upon vesting.

Key Details

• Transaction type: Award/Grant (code A) of restricted units (derivative securities).
• Grant date: May 22, 2026; Form 4 filed May 27, 2026.
• Amount: 30,435 restricted units; reported price $0.00 (no cash exchanged at grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: These are "Restricted Units" that are 1-for-1 registered share equivalents. They vest on the earlier of (i) May 22, 2027 or (ii) the date of the next Annual General Meeting following the grant, and will be payable in registered shares at vesting.
• Filing timeliness: The Form 4 was filed five days after the grant date; Form 4s are typically due within two business days, so this filing is later than the usual two-day window.

Context
Restricted unit grants are compensatory awards commonly given to directors and executives under long‑term incentive plans. They do not represent an outright purchase or sale and only convert into company shares if and when the units vest according to the stated schedule. This type of grant is routine director compensation and should be read as such rather than as a direct market buy or sell signal.