Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 65

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 65
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 Non-Management Director | 5x Annual Cash Retainer |
| Chief Executive Officer | 6x Base Pay             |

We have equity ownership guidelines for directors that require each current non-management director to acquire and retain a number of our shares and/or restricted units at least equal in value to an amount five times the director’s annual cash retainer. Each new director is required to acquire and retain such number of shares, and/or restricted units during his or her initial five years as a director. Our Chief Executive Officer is subject to separate officer share ownership guidelines providing for a more stringent requirement of six times his base pay. In connection with such ownership requirement, the Board of Directors currently grants restricted share units to each of our non-management directors. See Compensation Discussion and Analysis for more information about these guidelines. Trading, Hedging and Pledging We maintain an insider trading policy(the “Insider Trading Policy”) governing the purchase, sale and other dispositions of our securities by our directors, officers and employees, including family members and other individuals living in their respective households and procedures for the Company itself that we believe are reasonably designed to promote compliance with insider trading laws, rules and regulations, as well as applicable NYSE listing standards. Our Insider Trading Policy prohibits such persons, including their respective wholly-owned businesses, from pledging, hedging or holding Company securities in a margin account. In addition, with regard to the Company’s trading in its own securities, it is the Company’s policy to comply with the federal securities laws and applicable NYSE listing standards. The Company’s Insider Trading Policy is attached as an exhibit to the Company’s Annual Report on Form 10-K filed with the SEC on February 18, 2025.

Transocean 2025 P-69 Proxy Statement

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| CORPORATE GOVERNANCE | ​ |

Governance Documents Our current governance documents may be found on our website at www.deepwater.comby selecting the Governance page in the Investors section dropdown .Among the information you can find there is the following:

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| Articles of Association                            | ​ | Organizational Regulations     | ​ | Corporate Governance Guidelines |
| Audit Committee Charter                            | ​ | Compensation Committee Charter | ​ | Finance Committee Charter       |
| Governance, Safety & Environment Committee Charter | ​ | Code of Integrity              | ​ | FIRST Shared Values             |
| Mission Statement                                  | ​ | HSES Policy Statement          | ​ | Human Rights Report             |
| Human Rights Policy Statement