Seadrill (SDRL) Proxy Filing summary

Executive summary

• Annual General Meeting scheduled for May 14, 2025, in Bermuda, with voting available online or in person.

• Shareholders are encouraged to review proxy materials and annual report before voting.

Voting matters and shareholder proposals

• Proposal to set the Board size at up to nine Directors until the next annual meeting.

• Separate re-election votes for nine named Directors, each recommended by the Board.

• Approval sought for PricewaterhouseCoopers LLP (PwC US) as independent auditor for fiscal year 2025, with Board authorized to set remuneration.

• Approval of Director remuneration for the period following the 2025 AGM until the later of December 31, 2025, or the 2026 AGM.

• Advisory vote on executive compensation for 2024 and on the frequency of future say-on-pay votes, with a 1-year frequency recommended.

Board of directors and corporate governance

• Board recommends all nominated Directors for re-election, each to serve until the next AGM or until office is vacated per Bye-laws.