Creed Grant R 4
4 · Seadrill Ltd · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Seadrill (SDRL) CFO Creed Grant R Receives 16,177 RSUs
What Happened Creed Grant R, Executive Vice President & CFO of Seadrill Ltd (SDRL), was granted 16,177 restricted stock units (RSUs) on March 16, 2026. The award was reported as an "A" (grant/award) on the Form 4 at a $0.00 acquisition price (typical for equity awards). There was no open-market purchase or sale — this is a compensation grant, not a cash transaction.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely filing).
- Grant amount: 16,177 RSUs; reported acquisition price: $0.00.
- Vesting: RSUs vest in three equal annual installments beginning March 16, 2027 (footnote).
- Settlement: RSUs will be settled in cash or common shares at the election of the Board committee (footnote).
- Shares owned after transaction: not disclosed in the provided filing details.
- Transaction code: A (award/grant); not a purchase (P) or sale (S).
Context An RSU grant is a form of executive compensation that creates a contingent right to receive shares (or cash) if vesting conditions are met — it does not indicate an immediate market buy or sell. Because settlement may be in cash, these awards don't always increase outstanding share count until settlement occurs. This filing simply documents the award and vesting terms; it is informational rather than a market trade.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-16+16,177→ 16,177 total→ Common Shares (16,177 underlying)
Footnotes (2)
- [F1]Represents restricted stock units granted to the reporting person on March 16, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").
- [F2]The restricted stock units vest in three equal annual installments beginning on March 16, 2027 and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.