Borr Drilling (NYSE: BORR) CFO details options, RSUs and shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Borr Drilling Ltd executive Magnus Vaaler, the Chief Financial Officer, filed a Form 3 reporting his initial equity position. The filing lists multiple employee stock options to purchase common shares, with exercise prices between 1.6600 and 6.5400 per share and expirations from 2026 through 2029, plus 143,000 directly held common shares and several tranches of 41,237 restricted stock units scheduled to vest annually from 2026 to 2028, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 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 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 75,000 shares (Direct);
Common Shares — 143,000 shares (Direct)
Footnotes (1)
- 41,237 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company 41,237 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company 41,237 RSUs that vest on September 1, 2028 and are conditional on the grantee remaining in continuous employment with the Company 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 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 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 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
FAQ
What does BORR’s Form 3 for Magnus Vaaler disclose?
The Form 3 discloses Chief Financial Officer Magnus Vaaler’s initial ownership in Borr Drilling Ltd. It shows directly held common shares, multiple employee stock option grants, and time-based restricted stock units that vest over several years, subject to continued employment conditions.
What stock options are reported for BORR CFO Magnus Vaaler on Form 3?
The Form 3 lists several employee stock options to purchase common shares, with exercise prices ranging from 1.6600 to 6.5400 per share. These options cover various share amounts and carry expiration dates between 2026 and 2029, reflecting staggered vesting schedules.
What restricted stock units (RSUs) are disclosed for Borr Drilling’s CFO?
Footnotes describe three tranches of 41,237 RSUs each for Magnus Vaaler. These RSUs vest on September 1 of 2026, 2027, and 2028, and each tranche is conditional on him remaining in continuous employment with Borr Drilling Ltd until the respective vesting date.
Does BORR’s Form 3 show any recent buying or selling by Magnus Vaaler?
No buying or selling activity is identified; the entries are categorized as holdings. The transaction summary shows zero buy and sell counts and classifies all 16 entries as holding records, indicating the form provides a snapshot of existing positions rather than recent trades.
What are the key vesting schedules for Magnus Vaaler’s BORR options?
Footnotes state options were granted on August 15, 2024, November 17, 2023, September 1, 2022, and August 12, 2021. Each grant vests in one-third increments on specified future dates, aligning vesting between 2023 and 2027, subject to continued employment.