Borr Drilling CEO discloses initial share and option stake
Borr Drilling Ltd’s Chief Executive Officer, Bruno Morand De Oliveira, has filed an initial statement of beneficial ownership.
Rhea-AI Filing Summary
Borr Drilling Ltd’s Chief Executive Officer, Bruno Morand De Oliveira, has filed an initial statement of beneficial ownership. He directly holds 145,000 common shares and a series of employee stock options to purchase additional common shares at exercise prices between $1.6600 and $6.5400, with expirations from 2026 through 2029.
The options reflect multiple grants that vest in staged thirds, as described in the footnotes for awards dated August 12, 2021, September 1, 2022, August 15, 2024, and November 17, 2023. Footnotes also note 183,276 restricted share units vesting on each of September 1, 2026, September 1, 2027, and September 1, 2028, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (7)
- F1. 183,276 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company
- F2. 183,276 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company
- F3. 183,276 RSUs that vest on September 1, 2028 and are conditional on the grantee remaining in continuous employment with the Company
- F4. 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
- F5. 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
- F6. 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
- F7. 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) CEO Bruno Morand De Oliveira report owning on his Form 3?
What stock options does the BORR CEO hold according to this Form 3?
Are there any buy or sell transactions in this Borr Drilling (BORR) Form 3?
How are the BORR CEO’s employee stock options structured in this disclosure?
AI-generated analysis. How Rhea-AI works. Not financial advice.
