Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 111

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 111
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 of compensation to be approved but, rather, to evaluate the Company’s obligations under the various programs. Tax Impact on Compensation Section 162(m) of the Internal Revenue Code limits the annual tax deduction to $1 million for compensation paid by a publicly held company to its chief executive officer, its chief financial officer, and certain of the company’s other current and former executive officers.

Transocean 2025 P-111 Proxy Statement

#### COMPENSATION COMMITTEE REPORTThe Compensation Committee of the Board of Directors has reviewed and discussed the above Compensation Discussion and Analysis with management. Based on such review and discussions, the Compensation Committee recommended to the Company’s Board of Directors that the above Compensation Discussion and Analysis be included in this proxy statement.​​​MEMBERS OF THE COMPENSATION COMMITTEE​​​Glyn A. Barker, ChairVanessa C.L. ChangSamuel J. Merksamer​​​
Transocean 2025 P-112 Proxy Statement

EXECUTIVE COMPENSATION Summary Compensation Table The following table shows the compensation paid by the Company for the fiscal year ended December 31, 2024, to each of our Chief Executive Officer, Chief Financial Officer and the next three most highly compensated Executive Officers, who are collectively referred to herein as our Named Executive Officers.

| ​                                | ​ |    ​ | ​ |         ​ | ​ | ​     | ​ |         ​ | ​ | ​         | ​ |               ​ | ​ |            ​ | ​ |               ​ | ​ |          ​ |
| ​                                |   |    ​ |   |         ​ |   | ​     |   |         ​ |   | ​         |   |               ​ |   |    CHANGE IN |   |               ​ |   |          ​ |
| ​                                | ​ |    ​ | ​ |         ​ | ​ | ​     | ​ |         ​ | ​ | ​         | ​ |               ​ | ​ |      PENSION | ​ |               ​ | ​ |          ​ |
| ​                                | ​ |    ​ | ​ |         ​ | ​ | ​     | ​ |         ​ | ​ | ​         | ​ |               ​ | ​ |    VALUE AND | ​ |               ​ | ​ |          ​ |
| ​                                | ​ |    ​ | ​ |         ​ | ​ | ​     | ​ |         ​ | ​ | ​         | ​ |      NON-EQUITY | ​ | NONQUALIFIED | ​ |               ​ | ​ |          ​ |