Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 87

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 87
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. Mohn, Perestroika (Cyprus) Ltd and Perestroika AS, and information given to us by Mr. Mohn. According to such filings and information, Mr. Mohn has sole voting power and sole dispositive power with regard to 307,262 shares, which consists of: (a) 22,148 shares individually owned by Mr. Mohn; and (b) 285,114 restricted share units Mr. Mohn has the right to receive based upon his service as a director of Transocean Ltd. The total shares beneficially owned by Mr. Mohn also includes 91,074,894 shares held directly by Perestroika (Cyprus) Ltd.

Transocean 2025 P-89 Proxy Statement

COMPENSATION DISCUSSION AND ANALYSIS CONTENTS

| ​     | ​                                                      | ​ |
| P-90  | EXECUTIVE SUMMARY                                      | ​ |
| P-91  | 2024 COMPENSATION PROGRAM OVERVIEW                     | ​ |
| P-91  | COMPENSATION PHILOSOPHY, STRATEGY AND DESIGN           | ​ |
| P-93  | SETTING EXECUTIVE COMPENSATION                         | ​ |
| P-95  | EXECUTIVE COMPENSATION ELEMENTS                        | ​ |
| P-108 | EXECUTIVE COMPENSATION GOVERNANCE, POLICY AND PRACTICE | ​ |
| P-111 | TAX IMPACT ON COMPENSATION                             | ​ |

This Compensation Discussion and Analysis provides an overview and analysis of Transocean’s executive compensation programs and policies, material compensation decisions for 2024, and the key factors we considered in making those decisions. It includes specific information about the compensation paid, earned or granted to the following persons who constitute our Named Executive Officers (each an “NEO”) for 2024:

| ​                                                                      | ​ | ​                                                                                               | ​ | ​                                     |
| JEREMY D. THIGPEN                                                      
 Chief Executive Officer                                                | ​ | R. THADDEUS VAYDA                                                                               
 Executive Vice President and Chief Financial Officer                                            | ​ | KEELAN I. ADAMSON                     
 President and Chief Operating Officer |
| BRADY K. LONG                                                          
 Executive Vice President and Chief Legal Officer                       | ​ | RODERICK J. MACKENZIEExecutive Vice President and Chief Commercial Officer                      | ​ | ​                                     |
| MARK L. MEYFormer Executive Vice President and Chief Financial Officer |