---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-22-000004"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2022-02-17T23:59:59+00:00"
generated_at: "2026-06-27T06:59:46.026042+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Transocean promotes Keelan Adamson to President and COO; base salary $800K

## Summary
- Keelan Adamson, previously EVP and COO, promoted to President and COO effective Feb 11, 2022.
- New employment agreement provides base salary of $800,000 per year.
- 2022 annual cash bonus target set at 100% of salary under Performance Award and Cash Bonus Plan.
- LTIP equity awards: RSUs with $1.4M target cash value, performance units also $1.4M target.
- Adamson continues to report to CEO Jeremy Thigpen; part of ongoing succession planning.

## SEC filing metadata
- accession: 0001451505-22-000004
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2022-02-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150522000004/0001451505-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150522000004/rig-20220217x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-22-000004
- JSON: https://secwatch.observer/filing/0001451505-22-000004.json
- Plain text: https://secwatch.observer/filing/0001451505-22-000004.txt

## Key facts
- Executive change
  Keelan Adamson changed role as President and Chief Operating Officer at Transocean Ltd..
  - Action: promoted
  - Role: President and Chief Operating Officer
  source text: on February 11, 2022, Keelan Adamson, age 52, was promoted to President and Chief Operating Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451505/000145150522000004/0001451505-22-000004-index.htm

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