Mey Mark-Anthony Lovell 4
4 · Transocean Ltd. · Filed Feb 13, 2023
Insider Transaction Report
Form 4
Mark-Anthony Mey Lovell
EVP & CFO
Transactions
- Award
Restricted Units
2023-02-09+195,936→ 195,936 totalExercise: $0.00→ Registered Shares (195,936 underlying) - Exercise/Conversion
Registered Shares
2023-02-09+541,006→ 1,363,398 total - Tax Payment
Registered Shares
2023-02-10$7.20/sh−218,537$1,573,466→ 1,144,861 total
Footnotes (3)
- [F1]Deferred Units awarded on May 8, 2020, vested on February 9, 2023, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2020-2022 performance cycle.
- [F2]Shares sold upon vesting to satisfy tax withholding obligations.
- [F3]The Restricted Units were acquired on February 9, 2023, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 65,312 on March 1, 2024; 65,312 on March 1, 2025; and 65,312 on March 1, 2026.