Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 13

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 13
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 | ✓    | ​                   |   |   | ​            |         |
| 11     | ​ | Advisory Vote to Approve Named Executive Officer Compensation for Fiscal Year 2025                                                                                                                                                                                                                                                                              | ​ |             | ✓(7) | ​                   |   |   | ​            |         |
| 12     | ​ | Prospective Vote on the Maximum Compensation of the (A) Board of Directors and (B) the Executive Management Team                                                                                                                                                                                                                                                | ​ | ​           | ✓    | ​                   |   |   | ​            |         |
| 13A    | ​ | Approval of Amendment and Restatement of Transocean Ltd. 2015 Long-Term Incentive Plan                                                                                                                                                                                                                                                                          | ​ | ​           | ✓    | ​                   |   |   | ​            |         |
| 13B    | ​ | Approval of Capital Authorization for Share-Based Incentive Plans                                                                                                                                                                                                                                                                                               | ​ |             | ​    | ✓(3)                | ​ |   | ​            |         |

Transocean 2025 P-20 Proxy Statement

| ​ | ​                                                          |
| ​ | PROXY STATEMENT | INFORMATION ABOUT THE MEETING AND VOTING |

(1) Affirmative vote of a simple majority of the votes cast at the 2025 Annual General Meeting on the applicable agenda item. Abstentions, broker non-votes (if any) or blank or invalid ballots are not counted for such purposes and have no impact on the approval of such agenda item. (2) Affirmative vote of a simple majority of the votes cast at the 2025 Annual General Meeting on the applicable agenda item. Shares held by members of the Board of Directors and members of the Company’s Executive Management Team are not entitled to vote on this matter and are not counted for this agenda item. Abstentions, broker non-votes (if any) or blank or invalid ballots are not counted for such purposes and have no impact on the approval of such agenda item. (3) The affirmative vote of at least two-thirds of the shares represented at the 2025 Annual General Meeting and entitled to vote on that agenda item. An abstention, blank or invalid ballot will have the effect of a vote “AGAINST” this proposal. (4) The affirmative vote of at least two-thirds of the shares entitled to vote on this agenda item at the 2025 Annual General Meeting. An abstention, blank or invalid ballot will have the effect of