Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 2

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 2
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 the Next Annual General Meeting                                                                                                                                                                                                                                                          | ​ | ✓              | ​ FOR | ​ | P-49                           |
| 8      | ​ | Election of the Members of the Compensation Committee, Each for a Term Extending Until Completion of the Next Annual General Meeting                                                                                                                                                                                                                                              | ​ | ✓              | ​ FOR 
 ​     | ​ | P-50                           |
| 9      | ​ | Reelection of the Independent Proxy for a Term Extending Until Completion of the Next Annual General Meeting                                                                                                                                                                                                                                                                      | ​ | ✓              | ​ FOR | ​ | P-51                           |

Transocean 2025 P-1 Proxy Statement

| ​                      | ​ |
| NOTICE TO SHAREHOLDERS | ​ |

| 10 | ​ | Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2025 and Reelection of Ernst & Young Ltd, Zurich, as the Company’s Auditor for a Further One-Year Term | ​ | ✓ | ​ FOR | ​ | P-51 |
| 11 | ​ | Advisory Vote to Approve Named Executive Officer Compensation for Fiscal Year 2025                                                                                                                                      | ​ | ✓ | ​ FOR | ​ | P-54 |
| 12 | ​ | Prospective Vote on the Maximum Compensation of the (A) Board of Directors and (B) the Executive Management Team                                                                                                        | ​ | ✓ | ​ FOR | ​ | P-56 |
| 13 | ​ | Approval of (A) Amendment and Restatement of Transocean Ltd. 2015 Long-Term Incentive Plan and (B) Capital Authorization for Share-Based Incentive Plans                                                                | ​ | ✓ | ​ FOR | ​ | P-60 |

It is important that your shares be represented and voted at the meeting. If you are a shareholder registered in our share register, you may submit voting instructions electronically over the internet, by telephone or, if you request that the proxy materials be mailed to you, by completing, signing and returning the proxy card enclosed with those materials. If you hold your shares in the name of a bank, broker or other nominee, please follow the instructions provided by your bank, broker or nominee for submitting voting instructions, including whether you may submit voting instructions by mail, telephone or over the internet. Under rules of the U.S. Securities and Exchange Commission (“SEC”), we have elected to provide access to our proxy materials over the internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials (the