Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 114

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 114
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 an additional grant, in connection with his promotion to CFO, on May 16, 2024. The award is subject to the same performance period and conditions as the awards granted on February 8, 2024. (3) These amounts represent the number of time-vested restricted share units granted to the Named Executive Officers under the long-term incentive plans. The units vest in one-third increments over an approximate 36-month period commencing on February 8, 2024. The first installment vested on March 1, 2025, and the other installments will vest on March 1, 2026, and March 1, 2027. Mr. Vayda received an additional grant, in connection with his promotion as CFO, on May 16, 2024. The units will vest in one-third increments over a 31-month period. The first installment vests on May 29, 2025, and the other installments will vest on March 1, 2026, and March 1, 2027. (4) These amounts represent the grant date fair value of these awards computed in accordance with FASB ASC Topic 718. The 2024 performance share unit fair value is calculated using a Monte Carlo simulation to value total shareholder return at the share price on the date of grant.

Transocean 2025 P-114 Proxy Statement

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| ​ | EXECUTIVE COMPENSATION |

Outstanding Equity Awards at Year-End 2024 The following table sets forth certain information with respect to outstanding equity awards at December 31, 2024, for the Named Executive Officers.

| ​                 | ​ | ​         | ​ |              ​ | ​ | ​                | ​ |        ​ | ​ | ​          | ​ |          ​ | ​ |            ​ | ​ |              ​ | ​ |              ​ |
| ​                 | ​ | ​         |   |              ​ |   | ​                |   |        ​ |   | ​          |   |          ​ |   |            ​ |   |              ​ |   |         EQUITY |
| ​                 | ​ | ​         | ​ |              ​ | ​ | ​                | ​ |        ​ | ​ | ​          | ​ |          ​ | ​ |            ​ | ​ |         EQUITY | ​ | INCENTIVE PLAN |
| ​                 | ​ | ​         | ​ |              ​ | ​ | ​                |