Mey Mark-Anthony Lovell 4
4 · Transocean Ltd. · Filed Mar 5, 2024
Insider Transaction Report
Form 4
Mark-Anthony Mey Lovell
EVP & CFO
Transactions
- Exercise/Conversion
Registered Shares
2024-03-01$5.09/sh+130,435$663,914→ 1,529,236 total - Exercise/Conversion
Registered Shares
2024-03-01$5.09/sh+130,058$661,995→ 1,659,294 total - Exercise/Conversion
Registered Shares
2024-03-01$5.09/sh+65,312$332,438→ 1,724,606 total - Tax Payment
Registered Shares
2024-03-04$5.08/sh−128,856$654,588→ 1,595,750 total
Footnotes (4)
- [F1]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, 2024, 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 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2024, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 130,058 on March 1, 2025.
- [F3]Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2024, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 65,312 on March 1, 2025 and 65,312 on March 1, 2026.
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.