SDRL – Cancellation of Share Plans, Cash Payment to Primary Insiders
Hamilton, Bermuda, July 29, 2020 – Seadrill Limited ("Seadrill" or the "Company") announces that Performance Share Unit awards ("PSUs") and Restricted Share Unit awards ("RSUs", and together with the PSUs referred to as "Awards") granted to employees and other Award holders under the Company's incentive plans have been offered surrendered in exchange for a one-off compensatory cash payment to such holders (the "Payment"). The primary insiders of the Company have held in total 510,234 PSUs and 188,369 RSUs. The Payment to primary insiders of the Company amounted to in total USD 210,122,