Welcome to our dedicated page for Seadrill SEC filings (Ticker: SDRL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Seadrill Limited (NYSE: SDRL) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. These documents help investors understand how an offshore drilling contractor focused on deepwater oil and gas reports its financial condition, risk factors and material events.
Seadrill files annual and quarterly reports that break down total operating revenues into contract revenues, reimbursable revenues, management contract revenues, leasing revenues and other revenues. These filings also detail vessel and rig operating expenses, management contract expenses, depreciation and amortization, selling, general and administrative expenses, and other operating items. Investors can review balance sheets showing cash and cash equivalents, restricted cash, drilling units, equity method investments, long-term debt and shareholders’ equity.
The company also submits current reports on Form 8-K to disclose material events. Examples include 8-K filings that furnish press releases announcing quarterly results and 8-K filings describing matters such as executive compensation decisions. These documents confirm that Seadrill’s common shares trade on the New York Stock Exchange under the symbol SDRL and provide the legal and jurisdictional details associated with the registrant.
On Stock Titan, Seadrill’s SEC filings are updated as new documents are posted to the EDGAR system. AI-powered tools summarize key points from lengthy reports, helping users quickly identify information on revenue composition, Order Backlog definitions, non-GAAP measures like Adjusted EBITDA and Free Cash Flow, and the extensive risk factors Seadrill highlights, including offshore drilling market conditions, financing, regulatory changes, environmental and decarbonization issues, and cybersecurity. Users can also track references to management contract arrangements, bareboat charter leasing and joint ventures such as Sonadrill, gaining a clearer view of how these elements appear in Seadrill’s official filings.
The Vanguard Group amended its Schedule 13G/A reporting for Seadrill Ltd, stating it beneficially owns 0 shares of Common Stock and holds 0% of the class as of the amendment. The filing explains an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries to report separately.
Wieggers Marcel reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Limited Senior VP of Operations Marcel Wieggers received a grant of 10,943 restricted stock units. The award was granted on March 16, 2026 and represents a contingent right to receive an equal number of common shares.
The restricted stock units vest in three equal annual installments starting on March 16, 2027. Upon vesting, they will be settled in either cash or common shares, at the election of the Joint Nomination and Remuneration Committee of Seadrill’s Board of Directors. After this grant, Wieggers holds 10,943 restricted stock units directly.
Sauer-Petersen Torsten reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd reported that officer Torsten Sauer-Petersen received a grant of 12,370 restricted stock units on March 16, 2026. Each restricted stock unit represents a contingent right to receive one common share of Seadrill Limited.
The restricted stock units vest in three equal annual installments beginning on March 16, 2027. They will be settled in either cash or common shares at the election of the Joint Nomination and Remuneration Committee of Seadrill’s Board of Directors. Following this grant, Sauer-Petersen holds 12,370 restricted stock units directly.
Creed Grant R reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd reported that its Executive Vice President & CFO, Creed Grant, received a grant of 16,177 restricted stock units (RSUs) on March 16, 2026. Each RSU represents a contingent right to receive one common share of Seadrill.
The RSUs vest in three equal annual installments beginning on March 16, 2027 and will be settled in either cash or common shares at the election of the Board’s Joint Nomination and Remuneration Committee. Following this award, the filing shows Grant holding 16,177 RSUs directly.
Strickler Todd D reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd reported that its SVP & General Counsel, Todd D. Strickler, received a grant of 10,943 restricted stock units on March 16, 2026. Each unit represents a contingent right to receive one common share of the company.
The restricted stock units vest in three equal annual installments beginning on March 16, 2027. They will be settled in either cash or common shares at the election of the Joint Nomination and Remuneration Committee of the Board. Following this award, Strickler holds 10,943 restricted stock units directly.
Ali Samir H reported acquisition or exercise transactions in this Form 4 filing.
Seadrill Ltd President & CEO Ali Samir H received a grant of 33,304 restricted stock units as compensation. The RSUs were granted on March 16, 2026, with each unit representing a contingent right to receive one common share of Seadrill Limited.
The RSUs vest in three equal annual installments starting on March 16, 2027. They will be settled in either cash or common shares, at the election of the Joint Nomination and Remuneration Committee of the Board. Following this grant, the reporting person holds 33,304 RSUs directly.
Seadrill Limited announced a leadership change, with its Board appointing Samir Ali as President and Chief Executive Officer, replacing Simon Johnson effective immediately. Ali has been Executive Vice President and Chief Commercial Officer since August 2022 and previously held senior roles at Diamond Offshore, Bain Capital, and Simmons & Company.
In connection with his promotion, Ali’s annual base salary was set at $750,000. He can earn a 2026 annual bonus targeting 110% of base salary, up to twice that target based on company performance and subject to a 20% individual-performance adjustment. He also received a long-term incentive award with a grant-date value of $3,500,000, 60% in performance-vested RSUs and 40% in time-vested RSUs, with the performance portion tied partly to total shareholder return.
Ali’s employment agreement will be amended to reflect his new role, higher compensation, and enhanced severance protections, including up to 24 months of salary and benefits for certain terminations and a larger lump-sum payout after a change in control. Seadrill expects to provide Johnson with severance benefits under his existing agreements and issued a press release describing the transition.
Seadrill Limited filed its annual report outlining its global offshore drilling business, fleet and main risks. The company owns 15 drilling units, with 10 operating, one under upgrade for a 2026 contract, one under repair and three cold stacked, and also manages two Sonangol units. Its fleet focuses on modern deepwater drillships and semi-submersibles plus one harsh-environment jackup, supported by about 3,000 employees worldwide.
Contract backlog was approximately $2.4 billion as of December 31, 2025, with customer concentration including Petrobras at 36% of 2025 revenue and Sonadrill, Talos and LLOG each above 10%. Seadrill highlights competitive, cyclical market conditions, significant debt and restrictive covenants, regulatory and environmental compliance costs, ESG-driven capital pressures and contractual risks as key challenges. Safety remains a focus, with a total recordable incident rate of 0.17 in 2025, below the IADC average of 0.34 in its operating areas.
Seadrill Limited reported fourth quarter and full-year 2025 results, showing stable activity but a modest loss. Fourth quarter 2025 total operating revenues were $362 million, essentially flat versus $363 million in the prior quarter, with a net loss of $10 million and Adjusted EBITDA of $88 million compared to $86 million previously.
For full year 2025, Seadrill recorded a net loss of $77 million and Adjusted EBITDA of $353 million. The company added about $0.5 billion of new awards across seven rigs, bringing Contract Backlog to roughly $2.5 billion as of February 25, 2026. Management highlighted strengthening deepwater demand and longer-term programs.
Seadrill issued 2026 guidance for total operating revenues of $1.40–$1.45 billion excluding $50 million of reimbursable revenues, Adjusted EBITDA of $350–$400 million, and capital expenditure and long-term maintenance of $200–$240 million. At quarter-end, gross principal debt was $625 million and cash and cash equivalents were $365 million, implying a net debt position of $260 million.
Seadrill Ltd Senior VP of Operations Marcel Wieggers reported equity award activity and a small share disposition. On February 1, 2026, 651 restricted stock units converted into 651 common shares on a one-for-one basis, raising his directly owned common shares to 4,691.
On February 2, 2026, a transaction coded "F" disposed of 193 common shares at $38.3 per share, leaving 4,498 common shares owned directly. The restricted stock units arose from a 1,953-unit grant made on February 1, 2023 that vests in three equal annual installments.