SDRL - Vesting of restricted stock units to primary insiders
Hamilton, Bermuda, September 5, 2019 - Seadrill Limited ("Seadrill" or the "Company") announces that 65,314 Restricted Stock Units ("RSUs”) issued to primary insiders vested on September 4, 2019. The RSUs were awarded on September 4, 2018 and entitle the recipient to receive one common share for each RSU awarded subject to the terms of the Employee Incentive Plan. The RSUs are non-transferable and one third of the full 2018 was due to vest on September 4, 2019. The remaining unvested RSU’s will be delivered without further consideration on each of the next two anniversaries of the award