Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 112

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 112
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 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 $53,521; Mr. Adamson $127,100; Mr. Long $88,575; Mr. Mackenzie $65,762; Mr. Mey $157,020 and Mr. Davis $108,683; and Company-paid benefits in the following amounts: Mr. Thigpen $28,472; Mr. Vayda $9,068; Mr. Adamson $27,061; Mr. Long $21,287; Mr. Mackenzie $25,121; Mr. Mey $23,932; and Mr. Davis, $10,321. For Mr. Mey this includes payments related to his Notice Period. For Mr. Davis this includes payments equal to one year of base salary plus target bonus, made under the Voluntary Early Retirement Plan. (5) The role of Executive Vice President and Chief Financial Officer was transitioned from Mr. Mey to Mr. Vayda on May 1, 2024. Mr. Mey remained an employee of the Company through December 31, 2024.

Transocean 2025 P-113 Proxy Statement

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(6) Mr. Davis