DAVIS HOWARD E 4
4 · Transocean Ltd. · Filed Mar 3, 2023
Insider Transaction Report
Form 4
DAVIS HOWARD E
EVP, CAO & CIO
Transactions
- Exercise/Conversion
Registered Shares
2023-03-01$7.08/sh+103,564$733,233→ 1,073,097 total - Exercise/Conversion
Registered Shares
2023-03-01$7.08/sh+111,689$790,758→ 865,668 total - Exercise/Conversion
Registered Shares
2023-03-01$7.08/sh+103,865$735,364→ 969,533 total - Tax Payment
Registered Shares
2023-03-02$6.76/sh−131,491$888,879→ 941,606 total
Footnotes (4)
- [F1]Restricted Units, which are 1-for-1 share equivalents, acquired on May 8, 2020, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares.
- [F2]Restricted Units, which are 1-for-1 share equivalents, acquired on February 12, 2021, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,865 on March 1, 2024.
- [F3]Restricted Units, which are 1-for-1 share equivalents, acquired on February 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,565 on March 1, 2024 and 103,565 on March 1, 2025.
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.