Companies SEADRILL Ltd
SEADRILL (SDRL): executive pay, fiscal 2025
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CEO pay, last three years
- $12,949,070FY2023
- $8,337,369FY2024
- $5,851,948FY2025
CEO total pay was $5,851,948 in fiscal 2025, down from $8,337,369 in fiscal 2024.
FY2025: salary $800,000 · bonus $0 · stock awards $4,264,803 · option awards $0
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Simon Johnson | $800,000 | $0 | $4,264,803 | $0 | $721,586 | $0 | $65,559 | $5,851,948 |
| Former President and Chief Executive Officer | ||||||||
| Grant Creed | 451,825 | 0 | 1,705,914 | 0 | 330,454 | 0 | 36,019 | 2,524,211 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Samir Ali | 429,375 | 0 | 1,108,839 | 0 | 315,694 | 0 | 21,000 | 1,874,907 |
| Executive Vice President, Chief Commercial Officer | ||||||||
| Torsten Sauer-Petersen | 391,833 | 0 | 1,108,839 | 0 | 315,694 | 0 | 30,926 | 1,847,292 |
| Executive Vice President, Chief Technology & Sustainability Officer | ||||||||
| Todd Strickler | 407,292 | 0 | 1,108,839 | 0 | 283,151 | 0 | 21,000 | 1,820,281 |
| Senior Vice President and General Counsel | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Simon Johnson | $5,851,948 | $8,337,369 | $12,949,070 | ↓ −2,485,421 |
| Grant Creed | 2,524,211 | 3,627,774 | 4,152,188 | ↓ −1,103,563 |
| Samir Ali | 1,874,907 | 2,463,628 | 3,286,908 | ↓ −588,721 |
| Torsten Sauer-Petersen | 1,847,292 | 2,516,407 | 3,426,165 | ↓ −669,115 |
| Todd Strickler | 1,820,281 | 2,414,305 | 3,053,941 | ↓ −594,024 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation philosophy is designed to align the interests of our leadership team with those of our shareholders, fostering a results-driven culture that delivers significant value to the organization. We design our compensation programs utilizing guiding principles that ensure competitiveness, transparency and alignment with our strategic goals, specifically by paying for performance, attracting and retaining high-caliber talent, ensuring alignment with shareholders through long-term equity awards, and managing risks by promoting meaningful long-term value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | LB&Co. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Samir Ali | PSU | 5,282 | — | $182,757 |
| Torsten Sauer-Petersen | PSU | 5,282 | — | 182,757 |
| Todd Strickler | PSU | 5,282 | — | 182,757 |
| Samir Ali | RSU | 7,826 | — | 270,780 |
| Torsten Sauer-Petersen | RSU | 7,826 | — | 270,780 |
| Todd Strickler | RSU | 7,826 | — | 270,780 |
| Grant Creed | PSU | 8,127 | — | 281,177 |
| Samir Ali | PSU | 10,739 | — | 371,569 |
| Torsten Sauer-Petersen | PSU | 10,739 | — | 371,569 |
| Todd Strickler | PSU | 10,739 | — | 371,569 |
| Grant Creed | RSU | 12,040 | — | 416,584 |
| Grant Creed | PSU | 16,522 | — | 571,644 |
| Simon Johnson | PSU | 20,316 | — | 702,934 |
| Samir Ali | RSU | 23,864 | — | 825,694 |
| Torsten Sauer-Petersen | RSU | 23,864 | — | 825,694 |
| Todd Strickler | RSU | 23,864 | — | 825,694 |
| Simon Johnson | RSU | 30,098 | — | 1,041,391 |
| Grant Creed | RSU | 36,714 | — | 1,270,304 |
| Simon Johnson | PSU | 41,303 | — | 1,429,084 |
| Simon Johnson | RSU | 91,786 | — | 3,175,796 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Julie J. RobertsonIndependent · Board Chair · Joint Nomination and Remuneration Committee | $231,000 | $152,786 | — | — | $0 | $383,786 |
| Mark McCollumIndependent · Audit and Risk Committee (Chair) | 217,500 | 122,229 | — | — | 0 | 339,729 |
| Andrew SchultzIndependent · Joint Nomination and Remuneration Committee (Chair) | 211,500 | 122,229 | — | — | 0 | 333,729 |
| Jean CahuzacIndependent · Operational Excellence & Sustainability Committee (Chair) | 211,500 | 122,229 | — | — | 0 | 333,729 |
| Jonathan SwinneyIndependent · Audit and Risk Committee | 192,500 | 122,229 | — | — | 0 | 314,729 |
| Jan KjærvikIndependent · Audit and Risk Committee | 192,500 | 122,229 | — | — | 0 | 314,729 |
| Paul SmithIndependent · Joint Nomination and Remuneration Committee | 188,000 | 122,229 | — | — | 0 | 310,229 |
| Harry QuarlsIndependent · Operational Excellence & Sustainability Committee | 186,500 | 122,229 | — | — | 0 | 308,729 |
| Ana ZambelliIndependent · Operational Excellence & Sustainability Committee | 185,000 | 122,229 | — | — | 0 | 307,229 |
Board fee structure and ownership guideline
| Annual cash retainer | $140,000 |
|---|---|
| Annual equity retainer | $120,000 |
| Per board meeting fee | $1,500 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | $700,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,816,000 |
| Equity awards (grant-date value) | $1,130,618 |
| All other compensation | $0 |
| Total cost of the board | $2,946,618 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names SEADRILL as a peer
Companies that benchmark against SDRL
2 companies name SDRL as a compensation peer
- Noble Corp plcNEFY2025
- Transocean Ltd.RIGFY2025
Each company listed discloses SDRL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SDRL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
Of the companies SEADRILL Ltd names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including SEADRILL Ltd.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Nabors Industries Ltd. | 2025 | Anthony Petrello | $1,750,000 | $5,352,354 | $0 | $2,049,275 | $29,636,103 |
| 2 | Helmerich Payne, Inc. | 2025 | John Lindsay | 1,179,909 | 5,749,957 | 0 | 1,559,016 | 9,010,799 |
| 3 | Transocean Ltd. | 2025 | Keelan Adamson | 933,333 | 5,771,957 | 0 | 1,820,000 | 8,793,715 |
| 4 | Oceaneering International, Inc. | 2025 | Roderick Larson | 910,000 | 2,027,796 | 0 | 4,282,425 | 7,735,670 |
| 5 | ProPetro Holding Corp | 2025 | Samuel Sledge | 975,000 | 4,391,410 | 0 | 1,137,500 | 6,539,712 |
| 6 | Forum Energy Technologies, Inc. | 2025 | Neal Lux | 717,769 | 4,232,105 | 0 | 1,196,463 | 6,163,337 |
| 7 | SEADRILL Ltd | 2025 | Simon Johnson | 800,000 | 4,264,803 | 0 | 721,586 | 5,851,948 |
| 8 | Bristow Group Inc. | 2025 | Christopher Bradshaw | 800,000 | 3,584,607 | 0 | 1,291,200 | 5,706,605 |
| 9 | Oil States International, Inc. | 2025 | Cindy Taylor | 925,000 | 2,400,003 | 0 | 1,654,244 | 5,079,386 |
| 10 | Helix Energy Solutions Group, Inc. | 2025 | Owen Kratz | 800,000 | 3,838,519 | 0 | 420,000 | 5,067,269 |
| 11 | Core Laboratories Inc. | 2025 | Lawrence Bruno | 886,912 | 3,505,105 | 0 | 351,217 | 4,980,491 |
| 12 | Innovex International, Inc. | 2025 | Adam Anderson | 550,969 | 2,222,492 | 0 | 495,000 | 3,283,511 |
| 13 | RPC, Inc. | 2025 | Ben Palmer | 618,000 | 1,388,265 | 0 | 1,155,660 | 3,192,075 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| SEADRILL Ltd | not disclosed | PRSU 60 · RSU 40 | not disclosed | LB&Co. |
| Bristow Group Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Core Laboratories Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Forum Energy Technologies, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Meridian Compensation Partners, LLC |
| Helix Energy Solutions Group, Inc. | 35% | PSU 50 · RSU 50 | Yes — TSR relative to performance peer group | WTW (Willis Towers Watson) |
| Helmerich Payne, Inc. | 109.09% | PSU 50 · RSU 50 | Yes — Total Stockholder Return (TSR) | Willis Towers Watson |
| Innovex International, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| Nabors Industries Ltd. | not disclosed | not disclosed | Yes — Relative Total Shareholder Return (TSR) | Pay Governance |
| Oceaneering International, Inc. | 124% | not disclosed | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Oil States International, Inc. | not disclosed | RSU 50 · PRSU 25 · Cash Performance Award 25 | not disclosed | Meridian Compensation Partners |
| ProPetro Holding Corp | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer |
| RPC, Inc. | 187% | RSU 75 · PSU 25 | No | Mercer, LLC |
| Transocean Ltd. | not disclosed | PSU 50 · RSU 50 | No | Pay Governance LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-03 | 41,033,521 | 2,310,244 | 1,552,117 | 94.67% | Passed |
| 2025 | 2025-05-14 | 37,474,953 | 2,406,251 | 2,001,185 | 93.97% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-03 | 94.67%a |
| 2025 | 2025-05-14 | 93.97%b |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 104 : 1 |
|---|---|
| CEO total compensation | $5,851,948 |
| Median employee compensation | $56,309 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (43 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Simon Johnson. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table” · page 42. As printed: 5,851,948. View filing ↗
- Section 01, Grant Creed. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table” · page 42. As printed: 2,524,211. View filing ↗
- Section 01, Samir Ali. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table” · page 42. As printed: 1,874,907. View filing ↗
- Section 01, Torsten Sauer-Petersen. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table” · page 42. As printed: 1,847,292. View filing ↗
- Section 01, Todd Strickler. DEF 14A, filed 2026-04-20. Section “Summary Compensation Table” · page 42. As printed: 1,820,281. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-20. Section “CEO Pay Ratio”. As printed: 104 : 1. View filing ↗
- Section 08, Julie J. Robertson. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 383,786. View filing ↗
- Section 08, Mark McCollum. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 339,729. View filing ↗
- Section 08, Andrew Schultz. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 333,729. View filing ↗
- Section 08, Jean Cahuzac. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 333,729. View filing ↗
- Section 08, Jonathan Swinney. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 314,729. View filing ↗
- Section 08, Jan Kjærvik. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 314,729. View filing ↗
- Section 08, Paul Smith. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 310,229. View filing ↗
- Section 08, Harry Quarls. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 308,729. View filing ↗
- Section 08, Ana Zambelli. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 307,229. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-05. Item 5.07 · say-on-pay result. As reported: 94.67% (votes for as printed: 41,033,521). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-19. Item 5.07 · say-on-pay result. As reported: 93.97% (votes for as printed: 37,474,953). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 1,816,000 + equity 1,130,618 + all other 0 = 2,946,618, summed across the director compensation table rows.
- Nabors Industries Ltd., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. View filing ↗
- Helmerich Payne, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-22. CEO total compensation as printed in Helmerich Payne, Inc.'s own proxy. As printed: 9,010,799. View filing ↗
- Transocean Ltd., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Transocean Ltd.'s own proxy. As printed: 8,793,715. View filing ↗
- Oceaneering International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. View filing ↗
- ProPetro Holding Corp, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in ProPetro Holding Corp's own proxy. As printed: 6,539,712. View filing ↗
- Forum Energy Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. View filing ↗
- SEADRILL Ltd (subject), Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in SEADRILL Ltd's own proxy. As printed: 5,851,948. View filing ↗
- Bristow Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Bristow Group Inc.'s own proxy. As printed: 5,706,605. View filing ↗
- Oil States International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. View filing ↗
- Helix Energy Solutions Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. View filing ↗
- Core Laboratories Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. View filing ↗
- Innovex International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Innovex International, Inc.'s own proxy. As printed: 3,283,511. View filing ↗
- RPC, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. View filing ↗
- Section 10a, Oil States International, Inc. reciprocity. DEF 14A. Oil States International, Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Oceaneering International, Inc. reciprocity. DEF 14A. Oceaneering International, Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Helmerich Payne, Inc. reciprocity. DEF 14A. Helmerich Payne, Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Bristow Group Inc. reciprocity. DEF 14A. Bristow Group Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Transocean Ltd. reciprocity. DEF 14A. Transocean Ltd. names SEADRILL Ltd in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Forum Energy Technologies, Inc. reciprocity. DEF 14A. Forum Energy Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Helix Energy Solutions Group, Inc. reciprocity. DEF 14A. Helix Energy Solutions Group, Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Nabors Industries Ltd. reciprocity. DEF 14A. Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, ProPetro Holding Corp reciprocity. DEF 14A. ProPetro Holding Corp's most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Core Laboratories Inc. reciprocity. DEF 14A. Core Laboratories Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗
- Section 10a, Innovex International, Inc. reciprocity. DEF 14A. Innovex International, Inc.'s most recent proxy was read; its disclosed peer group does not include SEADRILL Ltd. View filing ↗