Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
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.
| 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 | ||||||||
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Simon Johnson | $5,851,948 | — | — | — |
| Samir Ali | 1,874,907 | — | — | — |
| Torsten Sauer-Petersen | 1,847,292 | — | — | — |
| Todd Strickler | 1,820,281 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Simon Johnson | RSU | 91,786 | — | $3,175,796 |
| Simon Johnson | PSU | 41,303 | — | 1,429,084 |
| Simon Johnson | RSU | 30,098 | — | 1,041,391 |
| Samir Ali | RSU | 23,864 | — | 825,694 |
| Torsten Sauer-Petersen | RSU | 23,864 | — | 825,694 |
| Todd Strickler | RSU | 23,864 | — | 825,694 |
| Simon Johnson | PSU | 20,316 | — | 702,934 |
| Samir Ali | PSU | 10,739 | — | 371,569 |
| Torsten Sauer-Petersen | PSU | 10,739 | — | 371,569 |
| Todd Strickler | PSU | 10,739 | — | 371,569 |
| Samir Ali | RSU | 7,826 | — | 270,780 |
| Torsten Sauer-Petersen | RSU | 7,826 | — | 270,780 |
| Todd Strickler | RSU | 7,826 | — | 270,780 |
| Samir Ali | PSU | 5,282 | — | 182,757 |
| Torsten Sauer-Petersen | PSU | 5,282 | — | 182,757 |
| Todd Strickler | PSU | 5,282 | — | 182,757 |
The compensation program is designed to align the interests of leadership with shareholders, fostering a results-driven culture. It emphasizes pay for performance, attracting and retaining high-caliber talent, and ensuring alignment with shareholders through performance-based equity awards.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | LB&Co |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| 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.
| 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.
| Ratio (CEO : median employee) | 104 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $56,309 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Julie J. RobertsonIndependent · Joint Nomination and Remuneration Committee | $231,000 | $152,786 | — | — | $0 | $383,786 |
| Mark McCollumIndependent · Audit and Risk (Chair) · Audit (Chair) · Risk (Chair) | 217,500 | 122,229 | — | — | 0 | 339,729 |
| Jean CahuzacIndependent · Board Chair · Operational Excellence & Sustainability Committee (Chair) | 211,500 | 122,229 | — | — | 0 | 333,729 |
| Andrew SchultzIndependent · Joint Nomination and Remuneration Committee (Chair) | 211,500 | 122,229 | — | — | 0 | 333,729 |
| Jan KjærvikIndependent · Audit and Risk · Audit | 192,500 | 122,229 | — | — | 0 | 314,729 |
| Jonathan SwinneyIndependent · Audit and Risk · Audit | 192,500 | 122,229 | — | — | 0 | 314,729 |
| Paul SmithIndependent · Joint Nomination and Remuneration Committee · Nominating and Remuneration | 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 |
| Annual cash retainer | $140,000 |
|---|---|
| Annual equity retainer | $120,000 |
| Per board meeting fee | $1,500 |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 25,000 / 25,000 |
| Stock ownership guideline | $700,000 |
| 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.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Seadrill 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.
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 | Oceaneering International, Inc. | 2025 | Roderick Larson | 910,000 | 2,027,796 | 0 | 4,282,425 | 7,735,670 |
| 4 | Seadrill | 2025 | Simon Johnson | 800,000 | 4,264,803 | 0 | 721,586 | 5,851,948 |
| 5 | Helix Energy Solutions Group, Inc. | 2025 | Owen Kratz | 800,000 | 3,838,519 | 0 | 420,000 | 5,067,269 |
| 6 | Core Laboratories Inc. | 2025 | Lawrence Bruno | 886,912 | 3,505,105 | 0 | 351,217 | 4,980,491 |
| 7 | RPC, Inc. | 2025 | Ben Palmer | 618,000 | 1,388,265 | 0 | 1,155,660 | 3,192,075 |
| — | Oil States International, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | ProPetro Holding Corp | — | — | — | — | — | — | not in coverage universe |
| — | Innovex International, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Bristow Group Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Transocean Ltd. | — | — | — | — | — | — | not in coverage universe |
| — | Forum Energy Technologies, Inc. | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Seadrill | not disclosed | not disclosed | 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 | not disclosed | not disclosed | not disclosed |
| 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 | not disclosed |
| Nabors Industries Ltd. | not disclosed | not disclosed | Yes — Relative Total Shareholder Return (TSR) | Pay Governance |
| Oceaneering International, Inc. | 124% | PSU 50 · RSU 50 | Yes — Relative TSR | Meridian |
| Oil States International, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| ProPetro Holding Corp | not disclosed | not disclosed | not disclosed | not disclosed |
| RPC, Inc. | 187% | RSU 75 · PSU 25 | No | Mercer, LLC |
| Transocean Ltd. | 150% | 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.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Simon Johnson | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Summary Compensation Table” · page 42. As printed: 5,851,948. Filing ↗machine: r2 · c21 · span 692924–692933 |
| 2 | Section 01, Samir Ali | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Summary Compensation Table” · page 42. As printed: 1,874,907. Filing ↗machine: r8 · c21 · span 716461–716470 |
| 3 | Section 01, Torsten Sauer-Petersen | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Summary Compensation Table” · page 42. As printed: 1,847,292. Filing ↗machine: r11 · c21 · span 728709–728718 |
| 4 | Section 01, Todd Strickler | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Summary Compensation Table” · page 42. As printed: 1,820,281. Filing ↗machine: r14 · c21 · span 740289–740298 |
| 5 | Section 07, pay ratio | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “CEO Pay Ratio”. As printed: 104 : 1. Filing ↗ |
| 6 | Section 08, Julie J. Robertson | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 383,786. Filing ↗machine: span 370387–370394 |
| 7 | Section 08, Mark McCollum | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 339,729. Filing ↗machine: span 365604–365611 |
| 8 | Section 08, Jean Cahuzac | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 333,729. Filing ↗machine: span 360822–360829 |
| 9 | Section 08, Andrew Schultz | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 333,729. Filing ↗machine: span 372645–372652 |
| 10 | Section 08, Jan Kjærvik | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 314,729. Filing ↗machine: span 363039–363046 |
| 11 | Section 08, Jonathan Swinney | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 314,729. Filing ↗machine: span 377424–377431 |
| 12 | Section 08, Paul Smith | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 310,229. Filing ↗machine: span 375207–375214 |
| 13 | Section 08, Harry Quarls | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 308,729. Filing ↗machine: span 367817–367824 |
| 14 | Section 08, Ana Zambelli | DEF 14A | 2026-04-20 | 0001140361-26-015486 | Section “Director Compensation”. As printed: 307,229. Filing ↗machine: span 379868–379875 |
| 15 | Section 06, 2026 vote | Form 8-K | 2026-06-05 | 0001193125-26-258288 | Item 5.07 · say-on-pay result. As reported: 94.67% (votes for as printed: 41,033,521). Filing ↗ |
| 16 | Section 06, 2025 vote | Form 8-K | 2025-05-19 | 0001193125-25-122467 | Item 5.07 · say-on-pay result. As reported: 93.97% (votes for as printed: 37,474,953). Filing ↗ |
| 17 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,816,000 + equity 1,130,618 + all other 0 = 2,946,618, summed across the director compensation table rows.machine: formula: Σ = 2,946,618 |
| 18 | Nabors Industries Ltd., Section 10b CEO total | DEF 14A | 2026-04-22 | 0001140361-26-016154 | CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. Filing ↗machine: r2 · c25 · span 1447823–1447833 |
| 19 | Helmerich Payne, Inc., Section 10b CEO total | DEF 14A | 2026-01-22 | 0001104659-26-005786 | CEO total compensation as printed in Helmerich Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322 |
| 20 | Oceaneering International, Inc., Section 10b CEO total | DEF 14A | 2026-04-02 | 0000073756-26-000073 | CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. Filing ↗machine: r2 · c14 · span 1452178–1452187 |
| 21 | Seadrill (subject), Section 10b CEO total | DEF 14A | 2026-04-20 | 0001140361-26-015486 | CEO total compensation as printed in Seadrill's own proxy. As printed: 5,851,948. Filing ↗machine: r2 · c21 · span 692924–692933 |
| 22 | Helix Energy Solutions Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001140361-26-012501 | CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. Filing ↗machine: r2 · c22 · span 1194229–1194239 |
| 23 | Core Laboratories Inc., Section 10b CEO total | DEF 14A | 2026-03-31 | 0001193125-26-134986 | CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. Filing ↗machine: r2 · c20 · span 793587–793596 |
| 24 | RPC, Inc., Section 10b CEO total | DEF 14A | 2026-03-18 | 0001104659-26-030766 | CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. Filing ↗machine: t142 · r9 · c14 · span 742140–742149 |
| 25 | Section 10a, Oceaneering International, Inc. reciprocity | DEF 14A | — | 0000073756-26-000073 | Oceaneering International, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗ |
| 26 | Section 10a, Helmerich Payne, Inc. reciprocity | DEF 14A | — | 0001104659-26-005786 | Helmerich Payne, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗ |
| 27 | Section 10a, Helix Energy Solutions Group, Inc. reciprocity | DEF 14A | — | 0001140361-26-012501 | Helix Energy Solutions Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗ |
| 28 | Section 10a, Transocean Ltd. reciprocity | DEF 14A | — | 0001104659-26-037805 | Transocean Ltd. names Seadrill in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 29 | Section 10a, Nabors Industries Ltd. reciprocity | DEF 14A | — | 0001140361-26-016154 | Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗ |
| 30 | Section 10a, Core Laboratories Inc. reciprocity | DEF 14A | — | 0001193125-26-134986 | Core Laboratories Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗ |