Borr Drilling SVP sells 16,495 shares for taxes
SVP – Commercial Jason Crowe sold BORR shares to cover RSU tax withholding while retaining significant unvested RSUs and stock options.
Rhea-AI Filing Summary
Borr Drilling Ltd (BORR) executive Jason Philip Crowe, SVP – Commercial, reported selling 16,495 common shares on September 2, 2026 at $4.55 per share. A footnote states the sale was effected solely to satisfy tax withholding obligations from the vesting and settlement of restricted stock units and was not a discretionary sale. Crowe continues to hold multiple tranches of unvested RSUs and employee stock options on Borr Drilling common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,495 shares
Net Sell
8 txns
Insider
Crowe Jason Philip
Role
SVP - Commercial
Sold
16,495 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F2 | 16,495 | $4.55 | $75K |
| holding | Employee Stock Option to Purchase Common Shares F4 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F4 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F4 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F5 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F5 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F5 | -- | -- | -- |
| holding | Common Shares F3 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 219,716 shares (Direct);
Employee Stock Option to Purchase Common Shares — 0 contracts for 225,000 underlying shares (Direct)
Footnotes (5)
- F1. The reported sale was effected solely to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units and does not represent a discretionary sale by the reporting person
- F2. Includes (a) 41,237 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 41,237 RSUs that vest in full on September 1, 2027 and (c) 41,237 RSUs that vest in full on September 1, 2028, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share
- F3. Represents (a) 37,500 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 37,500 RSUs that vest in full on September 1, 2028 and (c) 37,500 RSUs that vest in full on September 1, 2029, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share
- 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
Key Figures
Shares sold: 16,495 shares
Sale price: $4.55 per share
RSUs vesting September 1, 2026: 41,237 RSUs
+5 more
8 metrics
Shares sold
16,495 shares
Common shares sold by Jason Philip Crowe on September 2, 2026
Sale price
$4.55 per share
Price for 16,495 common shares sold September 2, 2026
RSUs vesting September 1, 2026
41,237 RSUs
Restricted stock units vesting in full September 1, 2026, contingent on employment
RSUs vesting September 1, 2027
41,237 RSUs
Restricted stock units vesting in full September 1, 2027, contingent on employment
RSUs vesting September 1, 2028
41,237 RSUs
Restricted stock units vesting in full September 1, 2028, contingent on employment
Additional RSUs per vesting date
37,500 RSUs each year
RSUs vesting September 1, 2027, 2028, and 2029, contingent on employment
Option exercise price (2028 expiration)
$6.31 per share
Employee stock options expiring November 17, 2028 on Borr Drilling common shares
Option exercise price (2029 expiration)
$6.54 per share
Employee stock options expiring August 15, 2029 on Borr Drilling common shares
Key Terms
restricted stock units (RSUs), contingent right, vesting, exercise price, +1 more
5 terms
restricted stock units (RSUs) financial
"Includes (a) 41,237 restricted stock units (RSUs) that vest in full"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one common share"
vesting financial
"RSUs that vest in full on September 1, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"with strike price as at date of filing"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax withholding obligations financial
"effected solely to satisfy tax withholding obligations arising from the vesting"
FAQ
What insider transaction did BORR executive Jason Crowe report?
Jason Philip Crowe, SVP – Commercial of Borr Drilling Ltd, reported selling 16,495 common shares on September 2, 2026 at a price of $4.55 per share, according to the Form 4 filing.
Were the BORR insider transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (false), and there is no footnote stating the sale was made under a Rule 10b5-1 or other pre-arranged trading plan.
What restricted stock units does BORR’s Jason Crowe hold after this transaction?
Footnotes state Crowe holds RSUs including 41,237 RSUs vesting on September 1, 2026, 41,237 RSUs vesting on September 1, 2027, and 41,237 RSUs vesting on September 1, 2028, each conditional on continuous employment.
What additional RSU awards are disclosed for BORR’s Jason Crowe?
Another footnote reports awards representing 37,500 RSUs vesting on September 1, 2027, 37,500 RSUs vesting on September 1, 2028, and 37,500 RSUs vesting on September 1, 2029, each conditional upon continuous employment with Borr Drilling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
