Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 115

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 115
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 |         | ​ |   |   804,705 |           |

(1) Each option award has a 10-year term from the grant date. (2) Restricted share units granted on February 10, 2022; one-third vested on each March 1, 2023, 2024 and 2025. Restricted share units granted on February 9, 2023; one-third vested on each March 1, 2024, 2025 and 2026. Restricted share units granted on February 8, 2024; one-third vested on each March 1, 2025, 2026 and 2027. (3) For purposes of calculating the amounts in these columns, the closing price of our shares on the NYSE on December 31, 2024, of $3.75 was used. (4) Performance share units granted in 2022, 2023 and 2024 are subject to a three-year performance period ending on December 31, 2024, December 31, 2025 and December 31, 2026 respectively. The actual number of performance share units received will be determined in the first 60 days following the end of the performance period and is contingent on our performance as determined by comparing our total shareholder return relative to the Performance Peer Group relative to annual targets. Any shares earned will vest on the last day of the performance period. For more information regarding long-term incentive plans, please see Compensation Discussion and Analysis—Long-Term Incentives. (5) Performance share units are listed at the targeted number of units.

Transocean 2025 P-116 Proxy Statement

| ​ |                        |
| ​ | EXECUTIVE COMPENSATION |

Option Exercises and Shares Vested for 2024 The following table sets forth certain information with respect to the exercise of options and the vesting of RSUs and PSUs, as applicable, during 2024 for the Named Executive Officers.

| ​                     | ​ | ​                | ​ | ​           | ​ |               ​ | ​ |           ​ |
| ​                     |   | NUMBER OF SHARES |   | VALUE       |   |       NUMBER OF |   |       VALUE |
| ​                     | ​ | ACQUIRED ON      | ​ | REALIZED ON | ​ | SHARES ACQUIRED | ​ | REALIZED ON |
| ​                     | ​ | EXERCISE         | ​ | EXERCISE    | ​ |      ON VESTING |