Borr Drilling CAO reports stock options, RSUs
Accepted by SEC EDGAR
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Form Type
3
Rhea-AI Filing Summary
Borr Drilling Ltd Chief Accounting Officer Jehan Mawjee filed an initial statement of beneficial ownership, detailing holdings of employee stock options to purchase common shares at exercise prices between 1.6600 and 6.5400 per share, with expirations ranging from 2026 to 2029. The filing also notes restricted stock units that are scheduled to vest between September 1, 2026 and September 1, 2028, subject to continued employment, while direct common share holdings are reported as zero.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Mawjee Jehan
Role
Chief Accounting 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 | Common Shares | -- | -- | -- |
| Holding | Common Shares | -- | -- | -- |
| Holding | Common Shares | -- | -- | -- |
Holdings:
Employee Stock Option to Purchase Common Shares — 480,000 contracts (Direct);
Common Shares — 0 shares (Direct)
Footnotes (7)
- F1. 22,910 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company
- F2. 22,909 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company
- F3. 22,910 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 November 17, 2023 - options 1/3 vest every March 1 between 2025 and 2027 with strike price as at date of filing
- F5. 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
- 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 August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the BORR Form 3 filing by Jehan Mawjee show?
The Form 3 shows initial beneficial ownership for Chief Accounting Officer Jehan Mawjee, listing multiple employee stock options and restricted stock units in Borr Drilling Ltd that vest over several years, while direct common share holdings are reported as zero.
What types of securities does Jehan Mawjee hold in Borr Drilling (BORR)?
Jehan Mawjee holds employee stock options to purchase Borr Drilling common shares and restricted stock units that vest over time. The options have various exercise prices and expiration dates, and the RSUs vest on specific future dates subject to continued employment.
Are there any buy or sell transactions in the BORR Form 3 for Jehan Mawjee?
No buy or sell transactions are reported. The Form 3 lists holding entries only, describing existing employee stock options and restricted stock units, without any open-market purchases, sales, exercises, or other transactions indicated in the summary data.
What are the exercise prices and expirations of the Borr Drilling options reported?
The employee stock options have exercise prices ranging from 1.6600 to 6.5400 per share, with expiration dates between 2026 and 2029. Each option series is tied to underlying common shares and specific vesting schedules described in the footnotes.
When do the restricted stock units in the BORR Form 3 vest?
The restricted stock units vest on September 1, 2026, September 1, 2027, and September 1, 2028. Vesting is conditional on the grantee remaining in continuous employment with Borr Drilling Ltd through each respective vesting date.
What do the option grant footnotes in the Borr Drilling Form 3 describe?
The footnotes describe option grants made on several dates, including August 12, 2021, September 1, 2022, November 17, 2023, and August 15, 2024. Each grant vests in one-third installments over future years, with strike prices set as of the filing date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
