David L. Roland - Jul 28, 2023 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Role: SVP, General Counsel and Sec
Signature: /s/ Terence W. Waldorf Attorney-in-Fact for David L. Roland
Stock symbol: DO
Transactions as of: Jul 28, 2023
Transactions value $: -$133,232
Form type: 4
Date filed: 8/1/2023, 03:36 PM
Previous filing: Jul 5, 2023
Next filing: Jan 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DO	Common Stock	Award		+30.2K	+52.92%		87.2K	Jul 28, 2023	Direct	F1, F2
transaction	DO	Common Stock	Tax liability	-$133K	-8.63K	-9.9%	$15.44	78.6K	Jul 28, 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported shares of common stock represent shares issuable pursuant to performance-based restricted stock units awarded on July 1, 2021 that vested on July 28, 2023 (the "Determination Date") upon determination of the level of attainment of the performance goals following the performance period and the number of performance-based restricted stock units eligible to vest. The shares of common stock are deliverable by the company to the reporting person within 30 days following the Determination Date.
F2	The shares were received for no consideration upon the satisfaction of performance criteria underlying the award of performance-based restricted stock units.

Content

The reported shares of common stock represent shares issuable pursuant to performance-based restricted stock units awarded on July 1, 2021 that vested on July 28, 2023 (the "Determination Date") upon determination of the level of attainment of the performance goals following the performance period and the number of performance-based restricted stock units eligible to vest. The shares of common stock are deliverable by the company to the reporting person within 30 days following the Determination Date.

The shares were received for no consideration upon the satisfaction of performance criteria underlying the award of performance-based restricted stock units.