Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 112

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 112
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   550,000 | ​ | ―     | ​ | 2,232,927 | ​ | —         | ​ |       1,111,000 | ​ |            ― | ​ |         135,319 | ​ |  4,029,246 |
| Chief Administrative Officer and |   | 2022 |   |   550,000 | ​ | ―     | ​ | 2,309,074 | ​ | —         | ​ |         616,000 | ​ |            ― | ​ |         124,520 | ​ |  3,599,594 |
| Information Officer              | ​ |    ​ | ​ |         ​ | ​ | ​     | ​ |         ​ | ​ | ​         | ​ |               ​ | ​ |            ​ | ​ |               ​ | ​ |          ​ |

(1) These amounts represent the aggregate grant date fair value of performance share units and restricted share units granted in each year as shown in the “Grants of Plan-Based Awards for 2024” table and computed in accordance with the provisions of FASB ASC Topic 718. For a discussion of our policies for estimating fair values of, and additional information about, our share-based awards, please see Notes to Consolidated Financial Statements—Note 2—Significant Accounting Policies and Note 14—Share-Based Compensation included in Item 8 of our annual report on Form 10-K for the fiscal year ended December 31, 2024. (2) These amounts represent annual cash bonuses payable to the Named Executive Officers based on service during the year and awarded in the following year pursuant to the Performance Award and Cash Bonus Plan. The Performance Award and Cash Bonus Plan, including the performance targets used for 2024, is described under the Compensation Discussion and Analysis – Annual Performance Bonus. (3) These amounts represent the change in value during the 12-month period ending on December 31 of each year. There are no nonqualified deferred compensation earnings included in this column because no Named Executive Officers received above-market or preferential earnings on such compensation during 2024, 2023 or 2022. (4) All Other Compensation for 2024 includes Company matching contributions of $34,500 to the account of each Named Executive Officer under the U.S. 401(k) Savings Plan; Company matching contributions under the Savings Restoration Plan in the following amounts: Mr. Thigpen, $238,855; Mr. Vayda $53