Borr Drilling (NYSE: BORR) COO details stock option and RSU awards

Rhea-AI Filing Summary

Borr Drilling Ltd Chief Operating Officer Harvey Edward Snowling filed an initial ownership report showing his existing equity awards in the company. The filing lists several employee stock options to purchase common shares with exercise prices ranging from $1.6600 to $6.5400 and expirations between 2026 and 2029. Each option grant covers distinct blocks of underlying common shares, including awards tied to grant dates in 2021, 2022, 2023, and 2024. Footnotes also describe restricted share units, such as 57,274 RSUs vesting on September 1, 2026, 57,273 RSUs vesting on September 1, 2027, and 57,274 RSUs vesting on September 1, 2028, all conditional on Snowling remaining in continuous employment with the company.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Snowling Harvey Edward

(Last) (First) (Middle)

C/O BORR DRILLING LIMITED

2ND FLOOR 9 PAR-LA-VILLE ROAD

(Street)

HAMILTON HM11

(City) (State) (Zip)

BERMUDA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Borr Drilling Ltd [ BORR ]

3a. Foreign Trading Symbol
[BORR]

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	0(1)	D
Common Shares	0(2)	D
Common Shares	0(3)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option to Purchase Common Shares	08/15/2025(4)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2026(4)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2027(4)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	03/01/2025(5)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2026(5)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2027(5)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2024(6)	09/01/2027	Common Shares	120,000	$3.66	D
Employee Stock Option to Purchase Common Shares	03/01/2025(6)	09/01/2027	Common Shares	120,000	$4.41	D
Employee Stock Option to Purchase Common Shares	03/01/2026(6)	09/01/2027	Common Shares	120,000	$5.16	D
Employee Stock Option to Purchase Common Shares	08/12/2023(7)	08/12/2026	Common Shares	150,000	$1.66	D
Employee Stock Option to Purchase Common Shares	08/12/2024(7)	08/12/2026	Common Shares	150,000	$1.66	D
Employee Stock Option to Purchase Common Shares	08/12/2025(7)	08/12/2026	Common Shares	150,000	$1.66	D

Explanation of Responses:

1. 57,274 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company

2. 57,273 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company

3. 57,274 RSUs that vest on September 1, 2028 and are conditional on the grantee remaining in continuous employment with the Company

4. 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

5. 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

6. 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

7. 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

Remarks:

	/s/ Temi Bankole as attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Borr Drilling (BORR) COO Harvey Edward Snowling report in this Form 3?

The Form 3 shows Harvey Edward Snowling’s existing equity holdings, primarily employee stock options and RSUs in Borr Drilling. It lists option exercise prices, expiration dates, underlying common shares, and time-based vesting conditions tied to his continued employment with the company.

What stock option awards for BORR shares are disclosed for Harvey Edward Snowling?

Snowling reports multiple employee stock options to purchase Borr Drilling common shares with exercise prices from $1.6600 to $6.5400. These grants have expiration dates between 2026 and 2029 and are linked to earlier grant dates in 2021, 2022, 2023, and 2024.

What RSU awards are mentioned for Borr Drilling COO Harvey Edward Snowling?

The filing notes RSU grants of 57,274 units vesting September 1, 2026, 57,273 vesting September 1, 2027, and 57,274 vesting September 1, 2028. Each RSU tranche vests only if Snowling remains in continuous employment with Borr Drilling through the applicable vesting date.

Does this Borr Drilling Form 3 show Harvey Edward Snowling buying or selling BORR shares?

The Form 3 functions as an initial ownership report and lists Snowling’s existing equity awards rather than new market trades. It describes his stock options and RSUs, including prices, expirations, and vesting schedules, without disclosing open-market purchases or sales of Borr Drilling common shares.

How are Harvey Edward Snowling’s stock options in BORR structured over time?

The options arise from grants dated August 12, 2021; September 1, 2022; November 17, 2023; and August 15, 2024. Footnotes explain that each grant vests in one-third installments over specified years, with strike prices set as of the filing date for each grant series.

Why is Borr Drilling’s Form 3 for Harvey Edward Snowling important for investors?

This Form 3 clarifies the COO’s equity alignment with shareholders by detailing his option and RSU incentives. It outlines how many shares his awards relate to, the exercise prices, and vesting schedules, illustrating the long-term performance and retention focus of his compensation package.