Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 98

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 98
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 maximum values, the Committee applied a 25% range above and below target. This range created a threshold, or entry point, of 0.28 and a maximum of 0.17.

|                                   | ​ | ​ |              | ​ |
| TRIR TARGET AND PERFORMANCE RANGE | ​ |   | BONUS PAYOUT 
 (%)          |   |
| Entry (Threshold) = 0.28          | ​ | ​ | 0%           | ​ |
| Mid-Point (Target) = 0.22         | ​ | ​ | 100%         | ​ |
| Maximum = 0.17                    | ​ | ​ | 200%         | ​ |

Environmental & Safety Performance Scorecard: Comprehensive measures are in place to safeguard against underreporting of safety events by our workforce. These measures encompass a robust framework of oversight, including stringent auditing procedures, transparent reporting mechanisms, and a culture of accountability aimed at fostering an environment where safety reporting is conducted without concern for retaliation. Sustainability Governance Performance Upon recommendation from the GSE Committee, the Committee approved the Sustainability Governance Performance measure for the 2024 award based on the critical imperative that the Company is prepared to comply with new sustainability reporting requirements such as the European Sustainability Reporting Standards (“ESRS”) contained in the EU Corporate Sustainability Reporting Directive (“CSRD”) and other anticipated reporting standards such as the International Financial Reporting Standards (“IFRS”) Climate-Related Disclosures which is based on the Task Force on Climate-Related Financial Disclosures (“TCFD”) framework. The CSRD is applicable to the Company in FY 2025 for reporting year 2026. The Sustainability Governance goal contains two primary and two secondary objectives related to preparation for TCFD and ESRS compliance. ■The primary TCFD performance criteria are to adopt and implement the required framework with secondary performance criteria based on integrating into our Enterprise Risk Management System the risks identified in the TCFD implementation.

Transocean 2025 P-102 Proxy Statement

| ​ |                                      |
| ​ | COMPENSATION DISCUSSION AND ANALYSIS |

■The primary ESRS performance criteria are to complete a Double Materiality Assessment to identify the required disclosures with secondary performance criteria based on completing a Gap Analysis on each required ESRS disclosure. Completion of each measure’s primary performance criteria objectives results in 5% achievement toward the cumulative Sustainability Governance Goal, weighted in total at 10%. Results of the primary performance criteria are binary. Completion of the secondary performance criteria for each measure modifies the primary measure achievement result