6-K
Seadrill Ltd (SDRL)
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 August 2024
Commission File Number 001-39327
____________________________
SEADRILL LIMITED
(Exact name of Registrant as specified in its Charter)
____________________________
Park Place
55 Par-la-Ville Road Hamilton HM 11 Bermuda
(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 – Transactions By Primary Insiders
Hamilton, Bermuda, August 8, 2024 – Certain primary insiders in Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) have been issued ordinary shares in the Company in connection with the vesting of certain Time-vested Restricted Stock Units previously awarded to them under the Company’s management incentive plan, as further described in the attached form.
About Seadrill
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.
Contact Lydia Brantley Mabry Director of Investor Relations ir@seadrill.com
| 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 | Shares in Seadrill Limited (ISIN BMG7997W1029) |
| b) | Nature of the transaction | Receipt of ordinary shares in Seadrill Limited due to vesting of certain Time-vested Restricted Stock Units previously awarded under Seadrill Limited's management incentive plan |
| c) | Price(s) and volume(s) | Price(s) |
| 0 per share | ||
| d) | Aggregated information | Receipt of 10,443 shares for a total of 0 |
| — Aggregated volume | ||
| — Price | ||
| e) | Date of the transaction | 2024-08-08 |
| f) | Place of the transaction | Outside a trading venue |
All values are in US Dollars.
| 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 | Shares in Seadrill Limited (ISIN BMG7997W1029) |
| b) | Nature of the transaction | Receipt of ordinary shares in Seadrill Limited due to vesting of certain Time-vested Restricted Stock Units previously awarded under Seadrill Limited's management incentive plan |
| c) | Price(s) and volume(s) | Price(s) |
| 0 per share | ||
| d) | Aggregated information | Receipt of 3,508 shares for a total of 0 |
| — Aggregated volume | ||
| — Price | ||
| e) | Date of the transaction | 2024-08-08 |
| f) | Place of the transaction | Outside a trading venue |
All values are in US Dollars.
| 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 | Shares in Seadrill Limited (ISIN BMG7997W1029) |
| b) | Nature of the transaction | Receipt of ordinary shares in Seadrill Limited due to vesting of certain Time-vested Restricted Stock Units previously awarded under Seadrill Limited's management incentive plan |
| c) | Price(s) and volume(s) | Price(s) |
| 0 per share | ||
| d) | Aggregated information | Receipt of 3,368 shares for a total of 0 |
| — Aggregated volume | ||
| — Price | ||
| e) | Date of the transaction | 2024-08-08 |
| f) | Place of the transaction | Outside a trading venue |
All values are in US Dollars.
| 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 | Shares in Seadrill Limited (ISIN BMG7997W1029) |
| b) | Nature of the transaction | Receipt of ordinary shares in Seadrill Limited due to vesting of certain Time-vested Restricted Stock Units previously awarded under Seadrill Limited's management incentive plan |
| c) | Price(s) and volume(s) | Price(s) |
| 0 per share | ||
| d) | Aggregated information | Receipt of 2,651 shares for a total of 0 |
| — Aggregated volume | ||
| — Price | ||
| e) | Date of the transaction | 2024-08-08 |
| f) | Place of the transaction | Outside a trading venue |
All values are in US Dollars.
| 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 | Shares in Seadrill Limited (ISIN BMG7997W1029) |
| b) | Nature of the transaction | Receipt of ordinary shares in Seadrill Limited due to vesting of certain Time-vested Restricted Stock Units previously awarded under Seadrill Limited's management incentive plan |
| c) | Price(s) and volume(s) | Price(s) |
| 0 per share | ||
| d) | Aggregated information | Receipt of 809 shares for a total of 0 |
| — Aggregated volume | ||
| — Price | ||
| e) | Date of the transaction | 2024-08-08 |
| f) | Place of the transaction | Outside a trading venue |
All values are in US Dollars.
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: August 8, 2024 | ||
| By: | /s/ Grant Creed<br><br>Name: Grant Creed<br><br>Title: Chief Financial Officer |