Borr Drilling CFO details equity holdings
Borr Drilling Ltd filed an amended Form 3 for Chief Financial Officer Magnus Vaaler, detailing his equity interests in the company.
Rhea-AI Filing Summary
Borr Drilling Ltd filed an amended Form 3 for Chief Financial Officer Magnus Vaaler, detailing his equity interests in the company. The filing lists multiple employee stock option grants over common shares with exercise prices between 1.6600 and 6.5400, expiring between 2026 and 2029. It also reports 266,711 common shares held directly and restricted stock units that vest in equal tranches of 41,237 RSUs on September 1, 2026, September 1, 2027, and September 1, 2028, subject to continued employment. The entry reflects holdings only, with no new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Vaaler Magnus
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 1,475,000 contracts (Direct);
Common Shares — 266,711 shares (Direct)
Footnotes (5)
- F1. Includes (a) 41,237 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 41,237 RSUs that vest in full on September 1, 2027 and (c) 41,237 RSUs that vest in full on September 1, 2028, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share
- F2. Grant of options on September 1, 2022 - options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price as at date of filing
- F3. Grant of options on August 15, 2024 - options 1/3 vest every August 15 between 2025 and 2027 with strike price as at date of filing
- F4. Grant of options on August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing
- F5. Grant of options on November 17, 2023 - options 1/3 vest every March 1 between 2025 and 2027 with strike price as at date of filing
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Borr Drilling (BORR) CFO Magnus Vaaler’s Form 3/A report?
The Form 3/A reports Magnus Vaaler’s existing equity interests in Borr Drilling, not new trades. It details multiple employee stock option grants over common shares and his direct holding of 266,711 common shares, plus several tranches of restricted stock units subject to future vesting.
What stock option awards are disclosed for BORR CFO Magnus Vaaler?
The Form 3/A lists several employee stock options to purchase Borr Drilling common shares. These options have exercise prices ranging from 1.6600 to 6.5400 and expiration dates between 2026 and 2029, with different grants vesting in thirds on specified March and August vesting dates over multiple years.
What restricted stock units (RSUs) does Magnus Vaaler hold in Borr Drilling?
The footnotes disclose RSU awards totaling three tranches of 41,237 units each. These RSUs vest in full on September 1, 2026, September 1, 2027, and September 1, 2028, provided Magnus Vaaler remains continuously employed, with each RSU representing a contingent right to receive one common share.
Does the Borr Drilling Form 3/A show any insider buying or selling activity?
No buy or sell transactions are reported in this Form 3/A. The entries are classified as holdings, with transaction codes marked as unknown and no transaction shares or prices listed, indicating the filing is focused on disclosing Magnus Vaaler’s existing options, RSUs, and share ownership structure.
How are Magnus Vaaler’s Borr Drilling stock options structured over time?
The filing describes several option grants that vest in one-third increments across multiple years. Grants dated August 12, 2021, September 1, 2022, August 15, 2024, and November 17, 2023 each vest annually on specified March or August dates, aligning equity compensation with ongoing service to the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
