Tonnel David A 4
4 · Transocean Ltd. · Filed Feb 12, 2024
Insider Transaction Report
Form 4
Tonnel David A
SVP, Finance & Controller
Transactions
- Exercise/Conversion
Registered Shares
2024-02-08+345,780→ 763,569 total - Tax Payment
Registered Shares
2024-02-09$5.08/sh−140,084$711,627→ 623,485 total - Award
Restricted Units
2024-02-08+135,777→ 135,777 totalExercise: $0.00→ Registered Shares (135,777 underlying)
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: 45,259 on March 1, 2025; 45,259 on March 1, 2026; and 45,259 on March 1, 2027.