DAVIS HOWARD E 4
4 · Transocean Ltd. · Filed Feb 13, 2023
Insider Transaction Report
Form 4
DAVIS HOWARD E
EVP, CAO & CIO
Transactions
- Exercise/Conversion
Registered Shares
2023-02-09+430,802→ 928,258 total - Tax Payment
Registered Shares
2023-02-10$7.20/sh−174,279$1,254,809→ 753,979 total - Award
Restricted Units
2023-02-09+156,023→ 156,023 totalExercise: $0.00→ Registered Shares (156,023 underlying)
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: 52,007 on March 1, 2024; 52,008 on March 1, 2025; and 52,008 on March 1, 2026.