Marcel Wieggers, serving as the Senior Vice President of Operations for SEADRILL Ltd (NASDAQ: SDRL), has fully liquidated his direct equity position in the firm. On June 11, 2026, the executive executed a series of sales totaling 13,475 common shares. The aggregate value of these transactions reached $605,566. The per-share pricing for this divestiture ranged between $44.614 and $44.94.
The complete exit from the company's equity was structured through two distinct transaction sets. In the primary portion of the sale, Mr. Wieggers disposed of 13,474 common shares. These shares were sold across multiple transactions at a weighted average price of $44.94, with individual execution prices varying between $44.92 and $45.21. The final component of the liquidation involved the sale of a single common share priced at $44.614. Following the completion of these transactions, Mr. Wieggers holds no common shares directly in SEADRILL Ltd.
This insider activity occurs against a backdrop of recent market performance and financial reporting. At the time of the transaction, SDRL shares were trading at $44.67, a level closely aligned with the prices realized in the sale. The stock has delivered a 55.92% return over the preceding year. Despite this recent appreciation, analysis from InvestingPro suggests the stock remains undervalued relative to its Fair Value estimate, positioning it among the opportunities identified on their list of most undervalued stocks.
Financial context for the sale includes Seadrill Ltd's recent earnings disclosure for the first quarter of 2026. The company reported an earnings per share (EPS) of -$0.11, significantly outperforming the forecasted loss of -$0.2758. Revenue also surpassed expectations, with reported figures of $358 million compared to the anticipated $326.75 million, creating a 9.56% positive surprise. These results, indicating strong operational performance, were followed by a rise in Seadrill's stock price during pre-market trading, reflecting positive investor sentiment regarding the company's financial health.
The insider transaction was formally disclosed in a Form 4 filing submitted to the Securities and Exchange Commission on June 12, 2026. For comprehensive valuation analysis and performance metrics regarding SDRL and other US equities, detailed reporting is available through InvestingPro.