Transocean Management

Management criteria checks 3/4

Transocean's CEO is Jeremy Thigpen, appointed in Apr 2015, has a tenure of 9.58 years. total yearly compensation is $11.36M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth CHF19.41M. The average tenure of the management team and the board of directors is 6.4 years and 11 years respectively.

Key information

Jeremy Thigpen

Chief executive officer

US$11.4m

Total compensation

CEO salary percentage	10.1%
CEO tenure	9.6yrs
CEO ownership	0.6%
Management average tenure	6.4yrs
Board average tenure	11yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeremy Thigpen's remuneration changed compared to Transocean's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$623m
Jun 30 2024	n/a	n/a	-US$349m
Mar 31 2024	n/a	n/a	-US$391m
Dec 31 2023	US$11m	US$1m	-US$954m
Sep 30 2023	n/a	n/a	-US$1b
Jun 30 2023	n/a	n/a	-US$1b
Mar 31 2023	n/a	n/a	-US$911m
Dec 31 2022	US$12m	US$1m	-US$621m
Sep 30 2022	n/a	n/a	-US$531m
Jun 30 2022	n/a	n/a	-US$633m
Mar 31 2022	n/a	n/a	-US$668m
Dec 31 2021	US$14m	US$1m	-US$592m
Sep 30 2021	n/a	n/a	-US$369m
Jun 30 2021	n/a	n/a	US$120m
Mar 31 2021	n/a	n/a	-US$274m
Dec 31 2020	US$6m	US$1m	-US$567m
Sep 30 2020	n/a	n/a	-US$581m
Jun 30 2020	n/a	n/a	-US$2b
Mar 31 2020	n/a	n/a	-US$1b
Dec 31 2019	US$10m	US$1m	-US$1b
Sep 30 2019	n/a	n/a	-US$1b
Jun 30 2019	n/a	n/a	-US$1b
Mar 31 2019	n/a	n/a	-US$2b
Dec 31 2018	US$9m	US$1m	-US$2b
Sep 30 2018	n/a	n/a	-US$2b
Jun 30 2018	n/a	n/a	-US$3b
Mar 31 2018	n/a	n/a	-US$3b
Dec 31 2017	US$9m	US$1m	-US$3b

Compensation vs Market: Jeremy's total compensation ($USD11.36M) is above average for companies of similar size in the Swiss market ($USD1.44M).

Compensation vs Earnings: Jeremy's compensation has been consistent with company performance over the past year.

CEO

Jeremy Thigpen (49 yo)

9.6yrs

Tenure

US$11,355,216

Compensation

Mr. Jeremy D. Thigpen is Independent Director of Sunnova Energy International Inc. from September 23, 2024. Mr. Thigpen is Executive Member of the Board of Directors, President & CEO of SWISSPETENERGY COM...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeremy Thigpen	CEO & Executive Director	9.6yrs	US$11.36m	0.59% CHF 19.4m
Keelan Adamson	President & COO	6.4yrs	US$4.77m	0.12% CHF 3.8m
Brady Long	Executive VP & Chief Legal Officer	9yrs	US$3.63m	0.17% CHF 5.4m
Robert Vayda	Executive VP & CFO	less than a year	no data	0.019% CHF 631.3k
Jason Pack	Senior VP & Chief Accounting Officer	less than a year	no data	0.013% CHF 436.3k
Paul Johnson	Senior Vice President of Technical Services	no data	no data	no data
Alison Johnson	Director of Investor Relations	no data	no data	no data
Janelle Daniel	Senior Vice President of Human Capital Management	6.8yrs	no data	no data
Roddie Mackenzie	Executive VP & Chief Commercial Officer	2.8yrs	no data	no data
Sandro Thoma	Chief Counsel & Corporate Secretary	no data	no data	no data
Lexington May	Manager of Investor Relations	no data	no data	no data

6.4yrs

Average Tenure

50yo

Average Age

Experienced Management: RIGN's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeremy Thigpen	CEO & Executive Director	9.1yrs	US$11.36m	0.59% CHF 19.4m
Frederico C. Pinheiro Curado	Independent Director	11.5yrs	US$318.22k	0% CHF 0
Chadwick Deaton	Independent Chairman of the Board	12.5yrs	US$428.18k	0.016% CHF 528.6k
Vanessa C. Chang	Independent Director	12.5yrs	US$343.22k	0.0056% CHF 184.5k
Vincent Intrieri	Independent Director	10.5yrs	US$318.22k	0.0023% CHF 74.9k
Glyn Barker	Independent Director	12.5yrs	US$328.22k	0.00034% CHF 11.2k
Margareth Ovrum	Independent Director	3.5yrs	US$308.22k	0% CHF 0
Domenic Dell'Osso	Independent Director	1.5yrs	US$272.19k	no data
Frederik Mohn	Independent Director	6.8yrs	US$308.22k	0.0025% CHF 83.1k
Samuel Merksamer	Independent Director	11.5yrs	US$308.22k	0% CHF 0

11.0yrs

Average Tenure

64.5yo

Average Age

Experienced Board: RIGN's board of directors are seasoned and experienced ( 11 years average tenure).

Transocean Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Transocean Ltd., Annual General Meeting, May 16, 2024

Senior VP & Chief Accounting Officer recently sold CHF416k worth of stock

Executive VP & CFO recently sold CHF2.9m worth of stock

Independent Chairman of the Board recently bought CHF209k worth of stock

Independent Chairman of the Board recently bought CHF200k worth of stock

Recent updates

Transocean Reportedly in Merger Talks with Seadrill

Transocean Reportedly in Merger Talks with Seadrill

Transocean Ltd. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter 2024 earnings released: US$0.15 loss per share (vs US$0.22 loss in 2Q 2023)

Transocean Ltd. to Report Q2, 2024 Results on Jul 31, 2024

Insufficient new directors

First quarter 2024 earnings released: EPS: US$0.12 (vs US$0.64 loss in 1Q 2023)

Transocean Ltd. to Report Q1, 2024 Results on Apr 29, 2024

Transocean Ltd., Annual General Meeting, May 16, 2024

Full year 2023 earnings released: US$1.24 loss per share (vs US$0.89 loss in FY 2022)

Transocean Ltd. to Report Q4, 2023 Results on Feb 19, 2024

Third quarter 2023 earnings released: US$0.28 loss per share (vs US$0.039 loss in 3Q 2022)

Transocean Ltd. to Report Q3, 2023 Results on Oct 30, 2023

Transocean Ltd. agreed to acquire the remaining outstanding interest in Liquila Ventures Ltd from Lime Rock Partners, LLC and Perestroika AS.

Transocean Ltd. agreed to acquire the remaining outstanding interest in Liquila Ventures Ltd from Lime Rock Partners, LLC and Perestroika AS.

Senior VP & Chief Accounting Officer recently sold CHF416k worth of stock

Executive VP & CFO recently sold CHF2.9m worth of stock

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.098 loss in 2Q 2022)

Transocean Ltd. to Report Q2, 2023 Results on Jul 31, 2023

New minor risk - Share price stability

First quarter 2023 earnings released: US$0.64 loss per share (vs US$0.26 loss in 1Q 2022)

Independent Chairman of the Board recently bought CHF209k worth of stock

Full year 2022 earnings released: US$0.89 loss per share (vs US$0.93 loss in FY 2021)

Transocean Ltd. to Report Fiscal Year 2022 Results on Feb 21, 2023

Now 26% undervalued

Independent Chairman of the Board recently bought CHF200k worth of stock

Third quarter 2022 earnings released: US$0.039 loss per share (vs US$0.20 loss in 3Q 2021)

Transocean Ltd. to Report Q3, 2022 Results on Nov 02, 2022

Second quarter 2022 earnings released: US$0.098 loss per share (vs US$0.17 loss in 2Q 2021)

Transocean Ltd. to Report Q2, 2022 Results on Aug 01, 2022

First quarter 2022 earnings released: US$0.26 loss per share (vs US$0.16 loss in 1Q 2021)

Transocean Ltd. to Report Q1, 2022 Results on May 02, 2022

Transocean Ltd. (NYSE:RIG) completed the acquisition of an unknown minority stake in Ocean Minerals, LLC.

Transocean Ltd., Annual General Meeting, May 12, 2022

Transocean Ltd. (NYSE:RIG) entered into definitive agreement to acquire unknown minority stake in Ocean Minerals, LLC

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Transocean Ltd. Announces Executive Changes

Transocean Ltd. to Report Q4, 2021 Results on Feb 22, 2022

Third quarter 2021 earnings released: US$0.20 loss per share (vs US$0.58 profit in 3Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: US$0.17 loss per share (vs US$0.81 loss in 2Q 2020)

Independent Director recently bought CHF19m worth of stock

Independent Director Ek Kia Tan has left the company

First quarter 2021 earnings released: US$0.16 loss per share (vs US$0.64 loss in 1Q 2020)

Transocean Ltd. Provides Quarterly Fleet Status Report

Full year 2020 earnings released: US$0.92 loss per share (vs US$2.05 loss in FY 2019)

Revenue misses expectations

Transocean Ltd. Deploys Patented Haloguard Drill Floor Technology

Transocean Ltd. to Report Q4, 2020 Results on Feb 22, 2021

New 90-day high: CHF3.37

Transocean Ltd.(NYSE:RIG) dropped from S&P 500 Oil & Gas Drilling (Sub Ind)

Transocean Ltd. Announces Successful Court Ruling Granting Its Motion for Summary Judgment and Holding Internal Reorganization Did Not Violate Indenture

New 90-day low: CHF0.32

Transocean Ltd. Announces Deepwater Corcovado, Deepwater Mykonos Contract Extensions

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.58

New 90-day low: CHF0.69

Transocean Ltd. Receives NYSE Continued Listing Standard Notice

Transocean Ltd. to Report Q3, 2020 Results on Nov 02, 2020

New 90-day low: CHF0.74

Transocean Ltd.(NYSE:RIG) dropped from S&P 400

New 90-day low - CHF1.10

New 90-day low - CHF1.14

New 90-day low - CHF1.15

Transocean Ltd. to Report Q2, 2020 Results on Jul 29, 2020

Transocean Ltd.(NYSE:RIG) dropped from Russell 1000 Dynamic Index

CEO Compensation Analysis

CEO