DAVIS HOWARD E 4
4 · Transocean Ltd. · Filed Feb 12, 2024
Insider Transaction Report
Form 4
DAVIS HOWARD E
EVP, CAO & CIO
Transactions
- Award
Restricted Units
2024-02-08+198,047→ 198,047 totalExercise: $0.00→ Registered Shares (198,047 underlying) - Exercise/Conversion
Registered Shares
2024-02-08+554,801→ 1,479,407 total - Tax Payment
Registered Shares
2024-02-09$5.08/sh−209,004$1,061,740→ 1,270,403 total
Footnotes (3)
- [F1]Deferred Units awarded on February 12, 2021, vested on February 8, 2024, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2021-2023 performance cycle.
- [F2]Shares sold upon vesting to satisfy tax withholding obligations.
- [F3]The Restricted Units were acquired on February 8, 2024, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 66,015 on March 1, 2025; 66,016 on March 1, 2026; and 66,016 on March 1, 2027.