Barker Glyn Anthony 4

What Happened
Glyn Barker (filed as Barker Glyn Anthony), a director of Transocean Ltd. (RIG), was granted 30,435 restricted units on May 22, 2026. The units were awarded at $0.00 (no cash paid) as a derivative grant under the issuer's long-term incentive plan and will convert 1-for-1 into registered shares when they vest.

Key Details

• Transaction type: Award/Grant (code A) of Restricted Units (derivative), 30,435 units.
• Grant date (period of report): 2026-05-22; Filing date: 2026-05-27.
• Grant price reported: $0.00 per unit (no immediate cash paid).
• Vesting: 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; payable in registered shares per award terms (see footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed five days after the grant date (May 27 vs. May 22), which appears later than the typical 2-business-day deadline for Section 16 insiders — the filing may therefore be late.

Context
This is a routine equity compensation grant under Transocean's LTIP and does not involve an open-market purchase or sale. Such restricted unit awards are a form of deferred compensation and become actual shares only if and when they vest; they are generally not an immediate market signal like an insider buy or sell.