Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 8

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 8
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 quantitative and qualitative metrics and long-term incentive performance on quantitative, formulaic metrics✓    Maintain compensation plans that are weighted significantly toward variable pay to align our executive compensation with long-term shareholder interests✓    Utilize multiple measurement periods and metrics for incentive compensation✓    Allow for outstanding equity awards to be forfeited for violation of human resource or legal compliance and ethics policies, including the Company’s Code of Integrity ✓    Link long-term incentive compensation to relative performance metrics✓    Deliver 100% of long-term incentives in equity, at least 50% of which is in performance-based awards✓    Cap the earning of PSUs at target if the Company’s absolute TSR is less than negative 15%✓    Cap the overall PSU payouts to prevent unintended windfalls✓    Retain an independent consultant who reports only to our Compensation Committee (not management)✓    Maintain double trigger change-in-control provisions |   | ​ | ​ | ✕   Allow our executives to hedge, sell short or hold derivative instruments tied to our shares (other than derivative instruments issued by us)✕   Allow our executives or directors to pledge Company shares✕   Allow unearned performance-based full value awards and/or stock options to be counted towards executive stock ownership requirements✕   Have pre-arranged individual severance agreements or special change-in-control compensation agreements with any Executive Officers; however, to the extent permitted under Swiss law, our executives are eligible for severance and change-in-control provisions pursuant to our policies, in exchange for covenants that protect the Company✕   Provide gross-ups for severance payments✕   Guarantee salary increases, non-performance based bonuses or unrestricted equity compensation✕   Provide any payments or reimbursements for tax equalization✕   Pay dividends or dividend equivalents on performance-based equity that has not vested✕   Offer executive perquisites |   |

Transocean 2025 P-11 Proxy Statement

INVITATION TO 2025 ANNUAL GENERAL MEETING OF TRANSOCEAN LTD.

|                                          | ​ | ​​                                                    |
|                                          | ​ |                                                       |
| WHEN                                     | ​ | WHERE                                                 |
| Friday, May 30, 20258:00 a.m. Swiss time | ​ | Parkhotel ZugIndustriestrasse 146302 Zug, Switzerland |

AGENDA ITEMS

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