Borr Drilling (NYSE: BORR) CEO details share, option and RSU holdings
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
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Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Morand De Oliveira Bruno
Role
Chief Executive 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 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 1,000,000 shares (Direct);
Common Shares — 145,000 shares (Direct)
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
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Borr Drilling (BORR) CEO Bruno Morand De Oliveira report owning on his Form 3?
He reports direct ownership of 145,000 common shares of Borr Drilling Ltd, plus multiple employee stock options and restricted share units that provide potential additional exposure, all detailed with specific exercise prices, vesting schedules, and expiration dates in the filing and its footnotes.
What stock options does the BORR CEO hold according to this Form 3?
The CEO holds several employee stock options to purchase Borr Drilling common shares with exercise prices from $1.6600 to $6.5400, expiring between 2026 and 2029. Vesting occurs in one-third increments on specified dates tied to each original grant.
Are there any buy or sell transactions in this Borr Drilling (BORR) Form 3?
This Form 3 primarily lists existing holdings rather than new buy or sell transactions. The entries describe the CEO’s current common share position, outstanding employee stock options, and restricted share units as of the filing, along with their vesting and expiration terms.
How are the BORR CEO’s employee stock options structured in this disclosure?
The options come from grants dated August 12, 2021, September 1, 2022, August 15, 2024, and November 17, 2023. Each grant vests in one-third increments on future dates, with strike prices set as of the filing date and specified expiration years through 2029.