DAVIS HOWARD E 4
4 · Transocean Ltd. · Filed Mar 5, 2024
Insider Transaction Report
Form 4
DAVIS HOWARD E
EVP, CAO & CIO
Transactions
- Exercise/Conversion
Registered Shares
2024-03-01$5.09/sh+103,865$528,673→ 1,374,268 total - Exercise/Conversion
Registered Shares
2024-03-01$5.09/sh+103,565$527,146→ 1,477,833 total - Exercise/Conversion
Registered Shares
2024-03-01$5.09/sh+52,007$264,716→ 1,529,840 total - Tax Payment
Registered Shares
2024-03-04$5.08/sh−102,609$521,254→ 1,427,231 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: 103,565 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: 52,008 on March 1, 2025 and 52,008 on March 1, 2026
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.