DELL'OSSO DOMENIC J JR 4

What Happened Domenic J. Dell'Osso Jr., a Transocean director, received a grant of 30,435 restricted units on May 22, 2026. The award is reported as a derivative grant (transaction code A) at a $0.00 price — common for equity compensation awards. These restricted units are 1-for-1 registered share equivalents and will convert to registered shares if and when they vest.

Key Details

• Transaction date: May 22, 2026; filing date: May 27, 2026 (filed one business day after the typical 2-business-day Form 4 deadline).
• Grant: 30,435 restricted units; reported price $0.00; total cash paid $0.
• Security type: Restricted Units (derivative). Footnote F1: units vest on the earlier of (i) May 22, 2027 or (ii) the date of the next Annual General Meeting after the May 22, 2026 grant, and will be payable in registered shares upon vesting.
• Shares owned after the transaction: not disclosed in the provided filing.
• Transaction code: A = Award/Grant.

Context This is a compensation grant to a director (not an open-market purchase or sale). Restricted unit awards are routine executive/director compensation and do not represent an immediate purchase or sale of stock — they convert to shares only upon vesting under the stated conditions. The filing appears to have been submitted one business day late relative to the standard Form 4 deadline.