Sdrl - Issuance Of Restricted Stock Units To Primary Insiders
26 Agosto 2019 - 7:45AM
UK Regulatory
TIDMSDRL
This
Hamilton, Bermuda, August 26, 2019 - Seadrill Limited ("Seadrill" or the
"Company") announces that 308,371 Restricted Stock Units ("RSUs") were
awarded on August 23, 2019 to primary insiders.
The RSUs entitle the recipient to receive one common share for each RSU
awarded subject to the terms of the Employee Incentive Plan. The RSUs
are non-transferable and one third of the award will vest and be
delivered without further consideration on each of the first three
anniversaries following the date of the award.
The following primary insiders have been allocated the RSUs shown in the
table below.
Number of Total number Total interests in
Primary Insider Title RSUs of RSUs held Company
--------------------- --------- --------- ------------- ------------------
John Fredriksen Chairman 44,053 49,158 Note (1)
--------------------- --------- --------- ------------- ------------------
Eugene l. Davis Director 44,053 49,158
--------------------- --------- --------- ------------- ------------------
Kjell-Erik
Østdahl Director 44,053 49,158
--------------------- --------- --------- ------------- ------------------
Peter J. Sharpe Director 44,053 49,158
--------------------- --------- --------- ------------- ------------------
Harald Thorstein Director 44,053 49,158
--------------------- --------- --------- ------------- ------------------
Birgitte Ringstad
Vartdal Director 44,053 49,158
--------------------- --------- --------- ------------- ------------------
Scott D. Vogel Director 44,053 49,158
--------------------- --------- --------- ------------- ------------------
1. The affiliated ownership in Seadrill of Hemen Holding Limited ("Hemen"),
a company indirectly controlled by trusts established by Mr John
Fredriksen for the benefit of his immediate family, is 27,193,826 shares,
equal to 27.19 percent of the issued shares and votes in the company, and
it holds TRS agreements with underlying exposure to 3,000,000 shares.
Hemen does not hold other shares or rights to shares in Seadrill.
This information is subject of the disclosure requirements pursuant to
section 4-2 of the Norwegian Securities Trading Act.
(END) Dow Jones Newswires
August 26, 2019 01:45 ET (05:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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