THIGPEN JEREMY D 4
4 · Transocean Ltd. · Filed Mar 4, 2025
Insider Transaction Report
Form 4
THIGPEN JEREMY D
DirectorExecutive Chair
Transactions
- Exercise/Conversion
Registered Shares
2025-03-01$2.95/sh+385,357$1,136,803→ 6,148,744 total - Exercise/Conversion
Registered Shares
2025-03-01$2.95/sh+193,517$570,875→ 6,342,261 total - Exercise/Conversion
Registered Shares
2025-03-01$2.95/sh+245,640$724,638→ 6,587,901 total - Tax Payment
Registered Shares
2025-03-03$2.95/sh−326,088$961,960→ 6,261,813 total
Footnotes (4)
- [F1]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, 2025, 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 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 193,518 on March 1, 2026.
- [F3]Restricted Units, which are 1-for-1 share equivalents, acquired on February 8, 2024, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 245,640 on March 1, 2026 and 245,640 on March 1, 2027.
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.