UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2024
Commission File Number 001-39327
Seadrill Limited
(Exact name of Registrant as specified in its Charter)
11025 Equity Dr., Ste. 150
Houston, Texas 77041
United States of America
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Seadrill Limited – Approval of New Incentive Awards
Hamilton, Bermuda, April 18, 2024 – On April 17, 2024, the Joint Nomination and Remuneration Committee (the “Committee”) of the Board of Directors (the “Board”) of Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) made awards under the Company’s amended and restated management incentive plan (the “Restated Plan”) including (1) a total of 175,135 Time-vested Restricted Stock Units (“TRSUs”) for management and other employees, vesting ratably annually on each of the first, second and third anniversaries of the grant date, subject to continued employment through such date, and (2) a total of 221,658 Performance-vested Restricted Stock Units (“PRSUs”) for management and other employees, to vest in a cliff at the end of a performance period ending December 31, 2026, subject to continued employment through such date and achieving certain performance objectives linked to (a) the total shareholder return (“TSR”) on the Company’s common shares as compared to (i) certain absolute TSR targets and (ii) the TSR of a compensation peer group (60% weighting), and (b) achievement of certain free cash flow metrics (40% weighting).
Additionally, at the Company’s 2024 Annual General Meeting of Shareholders held on April 17, 2024 (the “Meeting”), shareholders approved the proposed remuneration in respect of each director’s service on the Board for the period from the date immediately following the Meeting until the later to occur of December 31, 2024 and the date of the 2025 Annual General Meeting of Shareholders (the “Next Meeting”). Such remuneration includes the grant of a total of 22,283 TRSUs that vest either (i) on the Next Meeting, if the Next Meeting occurs at least 50 weeks from the grant date, or (ii) if earlier or the Next Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date.
Of the awards made by the Committee on April 17, 2024, the primary insiders of the Company, Simon Johnson (President and Chief Executive Officer), Grant Creed (EVP, Chief Financial Officer), Torsten Sauer-Petersen (EVP, Human Resources), Samir Ali (EVP, Chief Commercial Officer), Todd Strickler (SVP, General Counsel), Marcel Wieggers (SVP, Operations), Julie Robertson (Director), Jean Cahuzac (Director), Jan Kjærvik (Director), Mark McCollum (Director), Harry Quarls (Director), Andrew Schultz (Director), Paul Smith (Director), Jonathan Swinney (Director) and Ana Zambelli (Director) received a total of 132,441 TRSUs and a total of 165,236 PRSUs, as further described in the attached forms.
This information is subject to disclosure requirements pursuant to article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
Contact Information
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com
About Seadrill Limited
Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill’s high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deepwater environments.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Julie Robertson | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 3011 | |||||
| d) | Aggregated information | 3011 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Mark McCollum | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Jean Cahuzac | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Jan B. Kjærvik | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Andrew Schultz | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Paul Smith | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Ana Zambelli | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Harry Quarls | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Jonathan Swinney | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 | 2409 | |||||
| d) | Aggregated information | 2409 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Simon Johnson | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 45,147 | |||||
| d) | Aggregated information | 45,147 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Simon Johnson | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Performance Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Performance Restricted Stock Units | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 67,720 | |||||
| d) | Aggregated information | 67,720 Performance Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Grant Creed | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Chief Financial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 18,059 | |||||
| d) | Aggregated information | 18,059 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Grant Creed | ||||
| Reason for the notification | ||||||
| a) | Position/status | Primary insider, Chief Financial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Performance Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Performance Restricted Stock Units | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 27,088 | |||||
| d) | Aggregated information | 27,088 Performance Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Samir Ali | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, Chief Commercial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 11,738 | |||||
| d) | Aggregated information | 11,738 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Samir Ali | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, EVP, Chief Commercial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Performance Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | |||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 17,607 shares | |||||
| d) | Aggregated information | 17,607 Performance Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Torsten Sauer-Petersen | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, EVP, Human Resources | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 11,738 | |||||
| d) | Aggregated information | 11,738 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Torsten Sauer-Petersen | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, EVP, Human Resources | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Performance Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Performance Restricted Stock Units | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 17,607 | |||||
| d) | Aggregated information | 17,607 Performance Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Todd Strickler | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, SVP, General Counsel | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 11,738 | |||||
| d) | Aggregated information | 11,738 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Todd Strickler | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, SVP, General Counsel | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Performance Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Performance Restricted Stock Units | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 17,607 | |||||
| d) | Aggregated information | 17,607 Performance Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Marcel Wieggers | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, SVP, Operations | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Time-vested Restricted Stock Units. | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 11,738 | |||||
| d) | Aggregated information | 11,738 Time-vested Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Marcel Wieggers | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Primary insider, SVP, Operations | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of issuer | |||||
| a) | Name | Seadrill Limited | ||||
| b) | LEI | 213800LZ4WWG15NAC829 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Derivative, Performance Restricted Stock Units linked to the shares of Seadrill Limited (ISIN BMG7997W1029) | ||||
| b) | Nature of the transaction | Granting/acceptance of Performance Restricted Stock Units | ||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |||
| USD 0 per share | 17,607 | |||||
| d) | Aggregated information | 17,607 Performance Restricted Stock Units for a total of USD 0 | ||||
— Aggregated volume | ||||||
— Price | ||||||
| e) | Date of the transaction | 2024-04-17 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SEADRILL LIMITED | ||||||
| Date: April 18, 2024 | By: | /s/ Grant Creed | ||||
| Name: Grant Creed | ||||||
| Title: Chief Financial Officer | ||||||
THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.
