Seadrill (SDRL) Proxy filing summary

Executive summary

• Annual General Meeting scheduled for June 3, 2026, in Bermuda, with voting available online or in person.

• Shareholders are encouraged to review proxy materials and vote on key proposals, including board composition, director elections, auditor appointment, and executive compensation.

Voting matters and shareholder proposals

• Proposal to set the number of directors at up to nine, with board authorized to fill vacancies.

• Separate resolutions for re-election of nine named directors to serve until the next annual meeting.

• Approval of PricewaterhouseCoopers LLP (PwC US) as independent auditor for fiscal year ending December 31, 2026, with board authorized to set remuneration.

• Ratification of director remuneration and advisory vote on executive officer compensation for 2025.

• Approval of Amendment No. 1 to the 2022 Management Incentive Plan.

Board of directors and corporate governance

• Board size set at up to nine members, with flexibility to fill vacancies as needed.

• Nine directors nominated for re-election, each to serve until the next annual meeting or until office is vacated.