Tonnel David A 4
4 · Transocean Ltd. · Filed Feb 13, 2023
Insider Transaction Report
Form 4
Tonnel David A
SVP, Finance & Controller
Transactions
- Tax Payment
Registered Shares
2023-02-10$7.20/sh−108,974$784,613→ 392,924 total - Exercise/Conversion
Registered Shares
2023-02-09+268,499→ 501,898 total - Award
Restricted Units
2023-02-09+106,967→ 106,967 totalExercise: $0.00→ Registered Shares (106,967 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: 35,655 on March 1, 2024; 35,656 on March 1, 2025; and 35,656 on March 1, 2026.