secwatch.observer — SEC 8-K summary
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Issuer:     Transocean Ltd. (RIG)
CIK:        0001451505
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001451505-22-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451505/000145150522000004/0001451505-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451505/000145150522000004/rig-20220217x8k.htm
  HTML page:      https://secwatch.observer/filing/0001451505-22-000004

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