Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-05

Seadrill (SDRL)

Former CEO Simon Johnson was paid $5,851,948 in fiscal year 2025, ↓ down 29.8% from fiscal year 2024, the 50th percentile of its disclosed peer group (SEC filing 0001140361-26-015486 ↗): 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.

$5,851,948 ↓
Simon Johnson total, FY2025
50th
CEO pay percentile vs peers
104:1
CEO-to-median pay ratio
94.67%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Simon Johnson (Former President and Chief Executive Officer), FY2025 total compensation $5,851,948 (base salary $800,000) [exec_comp, SEC accession 0001140361-26-015486, filed 2026-04-20]

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SDRL's next annual pay disclosure, estimated April 20, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Simon Johnson$800,000$0$4,264,803$0$721,586$0$65,559$5,851,948
Former President and Chief Executive Officer
Grant Creed451,82501,705,9140330,454036,0192,524,211
Executive Vice President and Chief Financial Officer
Samir Ali429,37501,108,8390315,694021,0001,874,907
Executive Vice President, Chief Commercial Officer
Torsten Sauer-Petersen391,83301,108,8390315,694030,9261,847,292
Executive Vice President, Chief Technology & Sustainability Officer
Todd Strickler407,29201,108,8390283,151021,0001,820,281
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Simon Johnson$5,851,948$8,337,369$12,949,070↓ −2,485,421
Grant Creed2,524,2113,627,7744,152,188↓ −1,103,563
Samir Ali1,874,9072,463,6283,286,908↓ −588,721
Torsten Sauer-Petersen1,847,2922,516,4073,426,165↓ −669,115
Todd Strickler1,820,2812,414,3053,053,941↓ −594,024

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against SDRL
1 company names SDRL as a compensation peer

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.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Ana ZambelliIndependent Director$307,229
Andrew SchultzIndependent Director$333,729
Harry QuarlsIndependent Director$308,729
Jan KjærvikIndependent Director$314,729
Jean CahuzacChair of the Board$333,729
Jonathan SwinneyIndependent Director$314,729
Julie J. RobertsonIndependent Director$383,786
Mark McCollumIndependent Director$339,729
Paul SmithIndependent Director$310,229
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Samir AliPSU10,739—$371,569
Samir AliRSU23,864—825,694
Grant CreedRSU36,714—1,270,304
Samir AliPSU5,282—182,757
Grant CreedPSU16,522—571,644
Grant CreedRSU12,040—416,584
Todd StricklerRSU23,864—825,694
Grant CreedPSU8,127—281,177
Samir AliRSU7,826—270,780
Todd StricklerRSU7,826—270,780
Simon JohnsonPSU41,303—1,429,084
Simon JohnsonRSU91,786—3,175,796
Torsten Sauer-PetersenRSU23,864—825,694
Torsten Sauer-PetersenPSU5,282—182,757
Simon JohnsonPSU20,316—702,934
Todd StricklerPSU10,739—371,569
Torsten Sauer-PetersenRSU7,826—270,780
Todd StricklerPSU5,282—182,757
Simon JohnsonRSU30,098—1,041,391
Torsten Sauer-PetersenPSU10,739—371,569
05

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 consultantLB&Co.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0341,033,5212,310,2441,552,11794.67%Passed
20252025-05-1437,474,9532,406,2512,001,18593.97%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 yearMeeting dateApproval — company's computation
20262026-06-0394.67%a
20252025-05-1493.97%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.

07

CEO pay ratio

Ratio (CEO : median employee)104 : 1
CEO total compensation$5,851,948
Median employee compensation$56,309
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Julie J. RobertsonIndependent · Board Chair · Joint Nomination and Remuneration Committee$231,000$152,786——$0$383,786
Mark McCollumIndependent · Audit and Risk Committee (Chair)217,500122,229——0339,729
Andrew SchultzIndependent · Joint Nomination and Remuneration Committee (Chair)211,500122,229——0333,729
Jean CahuzacIndependent · Operational Excellence & Sustainability Committee (Chair)211,500122,229——0333,729
Jonathan SwinneyIndependent · Audit and Risk Committee192,500122,229——0314,729
Jan KjærvikIndependent · Audit and Risk Committee192,500122,229——0314,729
Paul SmithIndependent · Joint Nomination and Remuneration Committee188,000122,229——0310,229
Harry QuarlsIndependent · Operational Excellence & Sustainability Committee186,500122,229——0308,729
Ana ZambelliIndependent · Operational Excellence & Sustainability Committee185,000122,229——0307,229
09

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)25,000 / 25,000 / 25,000
Stock ownership guideline$700,000
09b

Total cost of the board

ComponentFY2025
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.

10

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.

10a

Peer reciprocity

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.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Nabors Industries Ltd.2025Anthony Petrello$1,750,000$5,352,354$0$2,049,275$29,636,103
2Helmerich Payne, Inc.2025John Lindsay1,179,9095,749,95701,559,0169,010,799
3Transocean Ltd.2025Keelan Adamson933,3335,771,95701,820,0008,793,715
4Oceaneering International, Inc.2025Roderick Larson910,0002,027,79604,282,4257,735,670
5ProPetro Holding Corp2025Samuel Sledge975,0004,391,41001,137,5006,539,712
6Forum Energy Technologies, Inc.2025Neal Lux717,7694,232,10501,196,4636,163,337
7Seadrill2025Simon Johnson800,0004,264,8030721,5865,851,948
8Bristow Group Inc.2025Christopher Bradshaw800,0003,584,60701,291,2005,706,605
9Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
10Helix Energy Solutions Group, Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
11Core Laboratories Inc.2025Lawrence Bruno886,9123,505,1050351,2174,980,491
12Innovex International, Inc.2025Adam Anderson550,9692,222,4920495,0003,283,511
13RPC, Inc.2025Ben Palmer618,0001,388,26501,155,6603,192,075

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Seadrillnot disclosedPRSU 60 · RSU 40not disclosedLB&Co.
Bristow Group Inc.not disclosednot disclosednot disclosednot disclosed
Core Laboratories Inc.not disclosednot disclosednot disclosednot disclosed
Forum Energy Technologies, Inc.not disclosedPSU 50 · RSU 50not disclosedMeridian Compensation Partners, LLC
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
Helmerich Payne, Inc.109.09%PSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Willis Towers Watson
Innovex International, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Nabors Industries Ltd.not disclosednot disclosedYes — Relative Total Shareholder Return (TSR)Pay Governance
Oceaneering International, Inc.124%not disclosedYes — Relative TSRMeridian Compensation Partners, LLC
Oil States International, Inc.not disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
ProPetro Holding Corpnot disclosedRSU 50 · PSU 50not disclosedPearl Meyer
RPC, Inc.187%RSU 75 · PSU 25NoMercer, LLC
Transocean Ltd.not disclosedPSU 50 · RSU 50NoPay 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.

10d

Frequently asked questions

Who was the highest-paid executive at Seadrill in fiscal 2025?
As disclosed, Simon Johnson (Former President and Chief Executive Officer) was the highest-paid executive at Seadrill in fiscal 2025, with total compensation of $5,851,948.
How does Seadrill's chief executive pay compare to its disclosed peer group?
As disclosed, Simon Johnson's total compensation ranked at the 50th percentile of Seadrill's disclosed peer group.
What is Seadrill's CEO-to-median employee pay ratio?
As disclosed, Seadrill's CEO-to-median employee pay ratio was 104:1.
How did shareholders vote on Seadrill's executive compensation?
As disclosed, 94.67% of shareholders supported Seadrill's executive compensation in the latest say-on-pay vote.
How much does Seadrill spend in total on board compensation for fiscal 2025?
As disclosed, Seadrill reported total board compensation of $2,946,618 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Simon JohnsonDEF 14A2026-04-200001140361-26-015486Section “Summary Compensation Table” · page 42. As printed: 5,851,948. Filing ↗machine: r2 · c21 · span 692924–692933
2Section 01, Grant CreedDEF 14A2026-04-200001140361-26-015486Section “Summary Compensation Table” · page 42. As printed: 2,524,211. Filing ↗machine: r5 · c21 · span 704853–704862
3Section 01, Samir AliDEF 14A2026-04-200001140361-26-015486Section “Summary Compensation Table” · page 42. As printed: 1,874,907. Filing ↗machine: r8 · c21 · span 716461–716470
4Section 01, Torsten Sauer-PetersenDEF 14A2026-04-200001140361-26-015486Section “Summary Compensation Table” · page 42. As printed: 1,847,292. Filing ↗machine: r11 · c21 · span 728709–728718
5Section 01, Todd StricklerDEF 14A2026-04-200001140361-26-015486Section “Summary Compensation Table” · page 42. As printed: 1,820,281. Filing ↗machine: r14 · c21 · span 740289–740298
6Section 07, pay ratioDEF 14A2026-04-200001140361-26-015486Section “CEO Pay Ratio”. As printed: 104 : 1. Filing ↗
7Section 08, Julie J. RobertsonDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 383,786. Filing ↗machine: span 370219–370401
8Section 08, Mark McCollumDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 339,729. Filing ↗machine: span 365436–365618
9Section 08, Andrew SchultzDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 333,729. Filing ↗machine: span 372477–372659
10Section 08, Jean CahuzacDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 333,729. Filing ↗machine: span 360654–360836
11Section 08, Jonathan SwinneyDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 314,729. Filing ↗machine: span 377256–377438
12Section 08, Jan KjærvikDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 314,729. Filing ↗machine: span 362871–363053
13Section 08, Paul SmithDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 310,229. Filing ↗machine: span 375039–375221
14Section 08, Harry QuarlsDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 308,729. Filing ↗machine: span 367649–367831
15Section 08, Ana ZambelliDEF 14A2026-04-200001140361-26-015486Section “Director Compensation”. As printed: 307,229. Filing ↗machine: span 379700–379881
16Section 06, 2026 voteForm 8-K2026-06-050001193125-26-258288Item 5.07 · say-on-pay result. As reported: 94.67% (votes for as printed: 41,033,521). Filing ↗
17Section 06, 2025 voteForm 8-K2025-05-190001193125-25-122467Item 5.07 · say-on-pay result. As reported: 93.97% (votes for as printed: 37,474,953). Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 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.machine: formula: Σ = 2,946,618
20Nabors Industries Ltd., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016154CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. Filing ↗machine: r2 · c25 · span 1447823–1447833
21Helmerich Payne, Inc., Section 10b CEO totalDEF 14A2026-01-220001104659-26-005786CEO total compensation as printed in Helmerich Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322
22Transocean Ltd., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037805CEO total compensation as printed in Transocean Ltd.'s own proxy. As printed: 8,793,715. Filing ↗machine: r9 · c18 · span 2068629–2068638
23Oceaneering International, Inc., Section 10b CEO totalDEF 14A2026-04-020000073756-26-000073CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. Filing ↗machine: r2 · c14 · span 1452178–1452187
24ProPetro Holding Corp, Section 10b CEO totalDEF 14A2026-04-080001104659-26-040891CEO total compensation as printed in ProPetro Holding Corp's own proxy. As printed: 6,539,712. Filing ↗machine: r1 · c48 · span 1147235–1147244
25Forum Energy Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-270001401257-26-000021CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. Filing ↗machine: r2 · c21 · span 343952–343961
26Seadrill (subject), Section 10b CEO totalDEF 14A2026-04-200001140361-26-015486CEO total compensation as printed in Seadrill's own proxy. As printed: 5,851,948. Filing ↗machine: r2 · c21 · span 692924–692933
27Bristow Group Inc., Section 10b CEO totalDEF 14A2026-04-200001525221-26-000072CEO total compensation as printed in Bristow Group Inc.'s own proxy. As printed: 5,706,605. Filing ↗machine: r3 · c27 · span 913777–913786
28Oil States International, Inc., Section 10b CEO totalDEF 14A2026-03-270001121484-26-000017CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. Filing ↗machine: r2 · c21 · span 888287–888296
29Helix Energy Solutions Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001140361-26-012501CEO 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
30Core Laboratories Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134986CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. Filing ↗machine: r2 · c20 · span 793587–793596
31Innovex International, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-129169CEO total compensation as printed in Innovex International, Inc.'s own proxy. As printed: 3,283,511. Filing ↗machine: r2 · c7 · span 475965–475974
32RPC, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030766CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. Filing ↗machine: t142 · r9 · c14 · span 742140–742149
33Section 10a, Oil States International, Inc. reciprocityDEF 14A—0001121484-26-000017Oil States International, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
34Section 10a, Oceaneering International, Inc. reciprocityDEF 14A—0000073756-26-000073Oceaneering International, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
35Section 10a, Helmerich Payne, Inc. reciprocityDEF 14A—0001104659-26-005786Helmerich Payne, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
36Section 10a, Bristow Group Inc. reciprocityDEF 14A—0001525221-26-000072Bristow Group Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
37Section 10a, Transocean Ltd. reciprocityDEF 14A—0001104659-26-037805Transocean Ltd. names Seadrill in its own disclosed peer group (read from its most recent proxy). Filing ↗
38Section 10a, Forum Energy Technologies, Inc. reciprocityDEF 14A—0001401257-26-000021Forum Energy Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
39Section 10a, Helix Energy Solutions Group, Inc. reciprocityDEF 14A—0001140361-26-012501Helix Energy Solutions Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
40Section 10a, Nabors Industries Ltd. reciprocityDEF 14A—0001140361-26-016154Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
41Section 10a, ProPetro Holding Corp reciprocityDEF 14A—0001104659-26-040891ProPetro Holding Corp's most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
42Section 10a, Core Laboratories Inc. reciprocityDEF 14A—0001193125-26-134986Core Laboratories Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗
43Section 10a, Innovex International, Inc. reciprocityDEF 14A—0001193125-26-129169Innovex International, Inc.'s most recent proxy was read; its disclosed peer group does not include Seadrill. Filing ↗