---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-113974"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:54:34.382925+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Seadrill appoints Samir Ali as President and CEO, replacing Simon Johnson

## Summary
- Samir Ali, age 40, formerly EVP Chief Commercial Officer, becomes CEO effective March 12, 2026.
- Annual base salary increased to $750,000; target bonus set at 110% of base, max 2x target.
- LTI award of $3.5M: 60% performance-vested RSUs, 40% time-vested RSUs with negative TSR cap.
- Severance enhanced: 24 months base/COBRA without cause/good reason; 3x lump sum within 24 months post-CIC.
- Ali previously at Diamond Offshore, Bain Capital, and Simmons & Company.

## SEC filing metadata
- accession: 0001193125-26-113974
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737706/000119312526113974/0001193125-26-113974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000119312526113974/d28707d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-113974
- JSON: https://secwatch.observer/filing/0001193125-26-113974.json
- Plain text: https://secwatch.observer/filing/0001193125-26-113974.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.