Seadrill (SDRL) executive compensation, 2026 proxy

Simon Johnson, Former President and Chief Executive Officer, was paid $5.9M in 2025, down 30% from $8.3M the year before. The CEO-to-median-employee pay ratio was 104:1, on median employee pay of $56,309.

Filed
April 20, 2026
Annual meeting
June 3, 2026
Pay year
2025
Named executives
5
CEO total pay
$5.9M-30% vs prior year
CEO to median employee
104:1median $56,309
CEO pay in equity
73%$4.3M in awards
CEO Target Bonus
880,000Expressed in USD
Adjusted EBITDA
$353M2025 financial result
Net Loss
$77M2025 financial result
Total Cash Balance
$365MEnd of year 2025
Net Leverage Ratio
0.81xEnd of year 2025

How Johnson was paid

$5.9M 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.

Salary14%Stock awards73%Non-equity incentive12%All other compensation1%

Named executive officers

ExecutiveTotal
Simon JohnsonFormer President and Chief Executive Officer$5,851,948
Grant CreedExecutive Vice President and Chief Financial Officer$2,524,211
Samir AliExecutive Vice President, Chief Commercial Officer$1,874,907
Torsten Sauer-PetersenExecutive Vice President, Chief Technology & Sustainability Officer$1,847,292
Todd StricklerSenior Vice President and General Counsel$1,820,281

What changed and why

  • $5.9MSimon Johnson total compensation decreased to $5,851,948 in 2025 from $8,337,369 in 2024.
  • Samir Ali was appointed as President and Chief Executive Officer effective March 12, 2026.
  • Seadrill achieved record safety performance with a total recordable incident rate of 0.17 in 2025.
  • $353MAdjusted EBITDA reached $353 million for the 2025 fiscal year.

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.