Company: RIG
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001451505-25-000029
Chunk: 74

Company: Transocean Ltd.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 74
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 amount of 2023 Exchangeable Bonds owned by Mr. Mohn, including 2023 Exchangeable Bonds owned by Perestroika AS, for $213,367,000 original principal amount of Transocean Inc.’s 2.50% Senior Guaranteed Exchangeable Bonds due 2027 (the “2027 Exchangeable Bonds”). In connection with the completion of this private exchange, we also entered into an amendment to the existing registration rights agreement with Perestroika AS to reflect, among other things, that certain of the Company’s shares issuable upon the exchange of the 2027 Exchangeable Bonds would be subject to registration rights. Transocean 2025 P-76 Proxy Statement

BOARD MEETINGS AND COMMITTEES During 2024, the Board of Directors held four meetings. The Board of Directors, and the committees of the Board of Directors, met at least once a quarter, and such quarterly meetings generally occurred over a period of two days. Each of our directors attended 100% of the Board of Directors’ meetings and meetings of committees on which he or she served during 2024. The Board of Directors has the following standing committees: Audit, Compensation, Finance, and Governance, Safety & Environment. During 2024, the Board of Directors combined the former Health, Safety, Environment & Sustainability Committee and the former Corporate Governance Committee into the Governance, Safety & Environment Committee. As noted above, the charters for these committees may be found on our website at: www.deepwater.comby selecting the Governance page in the Investors section dropdown. In addition, the Board of Directors may from time to time form special committees to consider particular matters that arise. Following the 2025 Annual General Meeting, the Board of Directors expects to complete its annual review of committee assignments.

|                                  | ​ |             | ​ |                                     | ​ |              | ​ |         | ​ |                                     |     |    |
| ​                                | ​ | ​           |   | COMMITTEES FOR 2024 AGM to 2025 AGM |   |              |   |         |   |                                     |     |    |
| DIRECTOR                         |   | INDEPENDENT |   |                               AUDIT |   | COMPENSATION |   | FINANCE |   | GOVERNANCE, SAFETY & ENVIRONMENT(1) |     | ​​ |
| Glyn A. Barker                   | ​ | ✓           | ​ |                                     | ​ |              | ​ |         | ​ |                                   ​ |     |