Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 120

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 120
---
-discriminatory basis, including payments that would be made under the Company’s life and disability insurance plans, and unused vacation days.

Transocean 2025 P-120 Proxy Statement

| ​ |                        |
| ​ | EXECUTIVE COMPENSATION |

As of December 31, 2024, the Named Executive Officers of the Company were eligible for the Executive Severance Benefit Policy. However, members of the Executive Management Team are further subject to the full limitations of the Minder Ordinance regarding severance.

| ​                      | ​ | ​                         | ​ |          ​ | ​ |               ​ |   | ​ |               ​ |   | ​ | ​         | ​ |          ​ | ​ |          ​ |
| ​                      |   | ​                         |   |       CASH |   |      NON-EQUITY |   |   |               ​ |   |   | ​         |   | RETIREMENT |   |          ​ |
| ​                      | ​ | ​                         | ​ |  SEVERANCE | ​ |       INCENTIVE |   | ​ |               ​ |   | ​ | OPTION    | ​ |       PLAN | ​ |          ​ |
| ​                      | ​ | ​                         | ​ | PAYMENT(2) | ​ | COMPENSATION(3) |   | ​ | STOCK AWARDS(4) |   | ​ | AWARDS(5) | ​ | BENEFIT(6) | ​ |      TOTAL |
| NAME                   | ​ | TRIGGERING EVENT(1)       | ​ |         -$ | ​ |              -$ |   | ​ |              -$ |   | ​ | -$        | ​ |         -$ | ​ |         -$ |
| Jeremy D. Thigpen      |   | Voluntary Not-for-Cause   |   |          ― |   |               ― | ​ |   |               ― | ​ |   | —         |   |  2,340,468 |   |  2,340,468 |
| ​                      |   | Involuntary Not-for-Cause |   |          ― |   |       1,568,025 | ​ |   |       8,897,430 | ​ |   | —         |   |  2,340,468 |   | 12,805,923 |
| ​                      |   | Retirement                |   |          ― |   |       1,568,025 | ​ |   |