Tonnel David A 4
4 · Transocean Ltd. · Filed Mar 3, 2023
Insider Transaction Report
Form 4
Tonnel David A
SVP, Finance & Controller
Transactions
- Exercise/Conversion
Registered Shares
2023-03-01$7.08/sh+71,002$502,694→ 573,414 total - Tax Payment
Registered Shares
2023-03-02$6.76/sh−84,612$571,977→ 488,802 total - Exercise/Conversion
Registered Shares
2023-03-01$7.08/sh+69,611$492,846→ 437,678 total - Exercise/Conversion
Registered Shares
2023-03-01$7.08/sh+64,734$458,317→ 502,412 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: 64,735 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: 71,002 on March 1, 2024 and 71,002 on March 1, 2025.
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.