Curado Frederico F. 4

What Happened
Director Frederico F. Curado received a grant of 30,435 Restricted Units (reported as an award/derivative) from Transocean Ltd. on May 22, 2026. The filing shows an acquisition price of $0.00 per unit (typical for grants); these units are 1-for-1 share equivalents that will convert into registered Transocean shares when they vest. This was a grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (filing appears timely).
• Transaction code: A (Award/Grant). Reported price: $0.00; Units granted: 30,435 (derivative instrument — Restricted Units).
• Shares owned after transaction: not reported in the provided excerpt.
• Footnote: Restricted Units are 1-for-1 registered share equivalents under the company’s long-term incentive plan. They vest on the earlier of (i) May 22, 2027 or (ii) the date of the next Annual General Meeting following the grant, and will be payable in registered shares upon vesting.

Context
Restricted share unit grants are common executive/director compensation and represent future ownership if vesting conditions are met; they do not represent an immediate cash purchase. Because this is an award (not a sale), it is generally informative about compensation/retention rather than a direct bullish or bearish market signal.