Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 82

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 82
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 the annual general meeting next following the date of grant, subject to continued service through the vesting date. Vesting of the restricted share units is not subject to any performance measures. In addition, we pay or reimburse our directors’ travel and incidental expenses incurred for attending Board of Directors, committee and shareholder meetings and for other Company business-related purposes.

Transocean 2025 P-84 Proxy Statement

2024 DIRECTOR COMPENSATION At the Board of Directors meeting held immediately after the 2024 Annual General Meeting of our shareholders, 36,145 restricted share units were granted to each non-employee director (other than the Chair) and 37,005 restricted share units were granted to the Chair, in aggregate value equal to $210,000 and $215,000, respectively, based upon the average of the high and low sales prices of our shares for the 10 trading days immediately prior to the date of grant (calculated at $5.81 per share). Each non-employee director is required to acquire and retain a number of our shares and/or restricted share units at least equal in value to an amount five times the annual director retainer. Each non-employee director’s vested restricted share units generally are not settled until the non-employee director’s service with the Company ends. The following summarizes the compensation of our non-employee directors for 2024.

| ​                                | ​ |               ​ | ​ |   | ​ |         ​ | ​ |   | ​ | ​            | ​ | ​ |       ​ | ​ |
| ​                                | ​ |               ​ |   | ​ | ​ |         ​ |   | ​ | ​ | ​            |   | ​ |       ​ | ​ |
| NAME                             |   |     FEES EARNED 
 OR PAID IN CASH 
         (U.S.$) |   |   |   |     STOCK 
 AWARDS(1) 
   (U.S.$) |   |   |   | ALL OTHER    
 COMPENSATION 
 (U.S.$)      |   |   |   TOTAL 
 (U.S.$) |   |
| Glyn A. Barker                   | ​ |         120,000 | ​ |   | ​ |   217,954 | ​ |   | ​ | —            | ​ | ​ | 337,954 | ​ |
| Vanessa C. L. Chang              | ​ |         135,000 | ​ |   | ​ |   217,954 | ​