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Transocean Executive Compensation (FY25)

RIG · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Keelan Adamson
Median of the other named officers
$3,738,130
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 22, 2026
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Data as of October 27, 2026Latest filing (8-K): May 26, 2026
13 filings cited on this page
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323 figures on this page: 313 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Keelan Adamson: $5,161,932 → $8,793,715 (70.4% higher)
Say-on-pay support: 87.8% → 77.4% (10.4 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Transocean's chief executive and what were they paid?
Keelan Adamson, President and Chief Executive Officer, received $8,793,715 in total compensation for fiscal 2025. Adamson's total was 70.4% higher than the $5,161,932 reported for fiscal 2024.
What was Transocean's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 77.4% of votes cast including abstentions in favor at the meeting held May 22, 2026.
Which companies are in Transocean's peer group?
The disclosed peer group includes Aker Solutions, APA Corporation, Baker Hughes Company, Borr Drilling Limited and Coterra Energy, among others. Companies named in the Compensation Peer Group include APA Corporation, Coterra Energy, Expand Energy Corporation, Helmerich & Payne, Inc. and Liberty Energy Inc., among others. The Performance Peer Group names Baker Hughes Company, Borr Drilling Limited, Oil States International, Inc. and Tidewater Inc.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeremy Thigpen
Chief Executive Officer
◇—◇—◇—◇◇
Keelan Adamson
President and Chief Operating Officer
◇—◇—◇—◇◇
Mark Mey
Former Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Brady Long
Executive Vice President and Chief Legal Officer
◇—◇—◇—◇◇
Howard Davis
Former Executive Vice President Chief Administrative Officer and Information Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeremy Thigpen
Chief Executive Officer
◇—◇—◇—◇◇
Mark Mey
Former Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Keelan Adamson
President and Chief Operating Officer
◇—◇—◇◇◇◇
Howard Davis
Former Executive Vice President Chief Administrative Officer and Information Officer
◇—◇—◇—◇◇
Brady Long
Executive Vice President and Chief Legal Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeremy Thigpen
Chief Executive Officer
◇—◇—◇—◇◇
Keelan Adamson
President and Chief Operating Officer
◇—◇—◇—◇◇
Mark Mey
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Howard Davis
Former Executive Vice President Chief Administrative Officer and Information Officer
Departed during or after this year
◇—◇———◇◇
Brady Long
Executive Vice President and Chief Legal Officer
◇—◇—◇—◇◇
Roderick Mackenzie
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
R. Thaddeus Vayda
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Keelan Adamson
President and Chief Executive Officer
◇—◇—◇◇◇◇
Jeremy Thigpen
Executive Chair
◇—◇—◇—◇◇
Brady Long
President
◇—◇—◇—◇◇
R. Thaddeus Vayda
President
◇—◇—◇—◇◇
Roderick Mackenzie
President and Chief Executive Officer
◇—◇—◇◇◇◇
Jason Pack
President and Chief Executive Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brady K. LongRSU◇——◇——◇
Brady K. LongPSU◇—◇—◇—◇
Jason B. PackPSU◇—◇—◇—◇
Jason B. PackRSU◇——◇——◇
Jeremy D. ThigpenRSU◇——◇——◇
Jeremy D. ThigpenPSU◇—◇—◇—◇
Keelan I. AdamsonRSU◇——◇——◇
Keelan I. AdamsonPSU◇—◇—◇—◇
Keelan I. AdamsonRSU◇——◇——◇
Keelan I. AdamsonPSU◇—◇—◇—◇
R. Thaddeus VaydaRSU◇——◇——◇
R. Thaddeus VaydaPSU◇—◇—◇—◇
Roderick J. MackenziePSU◇—◇—◇—◇
Roderick J. MackenzieRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeremy ThigpenPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Keelan AdamsonPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Brady LongPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
R. VaydaPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Roderick MackenziePSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jason PackPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chadwick C. Deaton
Lead independent director
◇◇————◇
Vanessa C.L. Chang
◇◇————◇
Glyn A. Barker
◇◇————◇
Frederico F. Curado
◇◇————◇
Domenic J. "Nick" Dell'Osso Jr
◇◇————◇
Vincent J. Intrieri
◇◇————◇
Samuel J. Merksamer
◇◇————◇
Frederik W. Mohn
◇◇————◇
William F. "Bill" Lacey
◇◇————◇
Margareth Øvrum
◇—————◇
Jeremy D. Thigpen and Keelan I. Adamson served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee member◇
Compensation committee member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aker Solutions symbol not shown
  • APA Corporation APA
  • Baker Hughes Company BKR
  • Borr Drilling Limited symbol not shown
  • Coterra Energy CTRA
  • Expand Energy Corporation EXE
  • Helmerich & Payne, Inc. HP
  • Liberty Energy Inc. symbol not shown
  • Matador Resources Company MRO
  • McDermott International, Inc. symbol not shown
  • Murphy Oil Corporation MUR
  • Nabors Industries Ltd NBR
  • Noble Corporation plc symbol not shown
  • NOV Inc. NOV
  • Oceaneering International Inc OII
  • Oil States International, Inc. OIS
  • Patterson-UTI Energy Inc. symbol not shown
  • Seadrill Limited SDRL
  • Subsea 7 S.A. symbol not shown
  • TechnipFMC plc FTI
  • Tidewater Inc. TDW
  • Valaris Limited VAL
  • Weatherford International plc WFRD
Compensation Peer Group
  • APA Corporation APA
  • Coterra Energy CTRA
  • Expand Energy Corporation EXE
  • Helmerich & Payne, Inc. HP
  • Liberty Energy Inc. LBRT
  • Matador Resources Company MTDR
  • McDermott International, Inc. symbol not shown
  • Murphy Oil Corporation MUR
  • Nabors Industries Ltd NBR
  • Noble Corporation plc symbol not shown
  • NOV Inc. NOV
  • Oceaneering International Inc OII
  • Patterson-UTI Energy Inc. PTEN
  • TechnipFMC plc FTI
  • Weatherford International plc WFRD
Performance Peer Group
  • Baker Hughes Company BKR
  • Borr Drilling Limited symbol not shown
  • Oil States International, Inc. OIS
  • Tidewater Inc. TDW

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 22, 2026=◇◇◇
2024June 3, 2025=◇◇◇
2023May 22, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 13, 2022=◇◇◇
2020June 1, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2016May 11, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Keelan Adamson (President and Chief Executive Officer), FY2025 total compensation $8,793,715 (base salary $933,333) [exec_comp, SEC accession 0001104659-26-037805, filed 2026-03-31]

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What this page does not include

Everything above is a fact Transocean disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Transocean sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
323 figures on this page: 313 cited to the filing that reported them, 10 calculated from figures it prints.
313 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001451505-26-000049
  2. 0001104659-26-037805
    2025 DIRECTOR COMPENSATION
  3. 0001451505-25-000053
  4. 0001451505-25-000029
  5. 0001451505-24-000063
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001451505-24-000029
  7. 0001451505-23-000068
  8. 0001451505-22-000049
  9. 0001451505-21-000048
  10. 0001451505-20-000049
  11. 0001451505-19-000055
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001451505-17-000035
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001558370-16-005982
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Velarion, “Transocean executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RIG (accessed 2026).
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13 filings cited on this page
Method: intel.velarion.ai/methodology
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Peers Transocean discloses

The companies named in RIG's own disclosed peer group.

APA CorporationBaker Hughes CompanyCoterra EnergyExpand Energy CorporationHelmerich & Payne, Inc.Matador Resources CompanyMurphy Oil CorporationNabors Industries LtdNOV Inc.Oceaneering International IncOil States International, Inc.Seadrill LimitedTechnipFMC plcTidewater Inc.Valaris LimitedWeatherford International plcLiberty Energy Inc.Matador Resources CompanyPatterson-UTI Energy Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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