Transocean (RIG) executive compensation, 2026 proxy

Keelan I. Adamson, President and Chief Executive Officer, was paid $8.8M in 2025, up 70% from $5.2M the year before. The CEO-to-median-employee pay ratio was 76:1, on median employee pay of $115,260.

Filed
March 31, 2026
Annual meeting
May 22, 2026
Pay year
2025
Named executives
6
CEO total pay
$8.8M+70% vs prior year
CEO to median employee
76:1median $115,260
CEO pay in equity
66%$5.8M in awards
CEO Total Compensation
$8,793,715Current CEO Keelan I. Adamson
Pay Ratio
76:1CEO to median employee pay
Median Employee Pay
$115,260Annual total compensation
Debt Retired
$1.3BExceeded scheduled maturities

How Adamson was paid

$8.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary11%Stock awards66%Non-equity incentive21%Pension and deferred comp1%All other compensation2%

Named executive officers

ExecutiveTotal
Keelan I. AdamsonPresident and Chief Executive Officer$8,793,715
R. Thaddeus VaydaExecutive Vice President and Chief Financial Officer$3,738,130
Jeremy D. ThigpenExecutive Chair$7,106,087
Brady K. LongExecutive Vice President and Chief Legal Officer$3,860,201
Roderick J. MackenzieExecutive Vice President Chief Commercial Officer$3,063,083
Jason B. PackSenior Vice President Chief Accounting Officer$1,715,334

What changed and why

  • Keelan I. Adamson assumed the role of President and Chief Executive Officer on May 1, 2025.
  • $8.8MCEO total compensation was $8,793,715 for fiscal year 2025 following the CEO transition.
  • $7.1MJeremy D. Thigpen transitioned to Executive Chair with a total compensation of $7,106,087 for 2025.
  • $1.3BThe company achieved fleet uptime of nearly 98% and retired $1.3 billion in debt during 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.