Patrick Schorn (BORR) discloses 1.59M shares and large option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Borr Drilling Ltd director Patrick Schorn has filed an initial Form 3 detailing his equity position. He directly holds 1,585,000 common shares. He also holds multiple employee stock option grants over common shares, with exercise prices ranging from 1.66 to 5.16 per share and expirations in 2026–2027.
Footnotes indicate 500,000 restricted stock units vested on December 31, 2025 but have not yet been issued as common shares, and a further 250,000 RSUs are scheduled to vest on December 31, 2026, conditional on his continued service as an executive or Board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Schorn Patrick
Role
Director
| 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 | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 333,334 shares (Direct);
Common Shares — 1,585,000 shares (Direct)
Footnotes (1)
- 500,000 RSUs that vested on December 31, 2025 but not yet issued as common shares as at date of filing 250,000 RSUs that vest on December 31, 2026 conditional upon recipient continuing to serve as an executive or a Board member at the date of vesting 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 the Borr Drilling (BORR) Form 3 for Patrick Schorn report?
The Form 3 reports Patrick Schorn’s initial beneficial ownership in Borr Drilling. It shows 1,585,000 common shares held directly, plus several employee stock option grants and restricted stock units with specified vesting dates and exercise prices.
What restricted stock units (RSUs) for Borr Drilling are disclosed in the Form 3?
The Form 3 footnotes disclose 500,000 RSUs that vested on December 31, 2025 but are not yet issued as common shares, and 250,000 additional RSUs that vest on December 31, 2026 if Patrick Schorn continues serving as an executive or Board member.
Are there any buy or sell transactions in this Borr Drilling (BORR) Form 3?
The Form 3 is an initial ownership report and lists holdings rather than trades. The transaction summary shows no buy or sell transactions, only holding entries for common shares, stock options, and related equity awards as of the filing date.