Company: RIG
Filing Date: 2025-06-03
Form Type: 8-K
Source: 0001451505-25-000053
Chunk: 2

Company: Transocean Ltd.
Filing Date: 2025-06-03
Form: 8-K
Item: Item 5.02
Chunk 2
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Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At the Company’s 2025 Annual General Meeting of Shareholders held on May 30, 2025 (the “ AGM”) in Zug, Switzerland, shareholders of the Company approved the amendment and restatement of the Transocean Ltd. 2015 Long-Term Incentive Plan (the “ Amended and Restated LTIP”). As approved by shareholders, the Amended and Restated LTIP reserves an additional 16,000,000 Transocean Ltd. shares, par value U. S. $0.10 per share (“ Shares”), issuable pursuant to awards thereunder.

The foregoing description of the Amended and Restated LTIP is not complete and is subject to and qualified in its entirety by reference to the full text of the Amended and Restated LTIP, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

The information included under Item 5.07 is incorporated herein by reference.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.