Borr Drilling CEO holds options, 183K RSUs
Borr Drilling Ltd (BORR) reported that Chief Executive Officer Bruno Morand De Oliveira continues to hold several series of employee stock options and restricted stock units.
Rhea-AI Filing Summary
Borr Drilling Ltd (BORR) reported that Chief Executive Officer Bruno Morand De Oliveira continues to hold several series of employee stock options and restricted stock units. The options cover common shares at exercise prices of $3.66, $4.41, $5.16, $6.31 and $6.54, with expirations between November 17, 2028 and September 1, 2027 or August 15, 2029. Footnotes state these options were granted in 2022, 2023 and 2024 and vest in one‑third annual installments on specific future dates. In addition, he holds multiple tranches of RSUs that each convert into one common share upon vesting, including blocks vesting in full on September 1 of 2026, 2027, 2028 and 2029, all conditional on continuous employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Morand De Oliveira Bruno
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option to Purchase Common Shares F3 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F3 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F3 | -- | -- | -- |
| 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 F1 | -- | -- | -- |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 725,000 contracts (Direct);
Common Shares — 1,444,828 shares (Direct)
Footnotes (5)
- F1. Includes (a) 183,276 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 183,276 RSUs that vest in full on September 1, 2027, (c) 183,276 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 and (d) full exercise of 2021 Plan Options
- F2. Represents (a) 158,334 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 158,332 RSUs that vest in full on September 1, 2028 and (c) 158,334 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
- F3. 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
- F4. 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
- F5. 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
Key Figures
Option exercise price: $3.66 per share
Option exercise price: $6.54 per share
Option exercise price: $6.31 per share
+3 more
6 metrics
Option exercise price
$3.66 per share
Employee stock option to purchase common shares, expiration date September 1, 2027
Option exercise price
$6.54 per share
Options granted August 15, 2024, expiring August 15, 2029, 75,000 underlying shares per tranche
Option exercise price
$6.31 per share
Options granted November 17, 2023, expiring November 17, 2028, 100,000 underlying shares per tranche
Underlying shares
66,667 shares
Employee stock option with $3.66 exercise price, expiration September 1, 2027
RSUs vesting 2026
183,276 RSUs
RSUs vesting in full on September 1, 2026, each RSU equals one common share
Additional RSUs
158,334 RSUs
RSUs vesting in full on September 1, 2027, contingent on continuous employment
Key Terms
restricted stock units (RSUs), continuous employment, exercise price, expiration date, +1 more
5 terms
restricted stock units (RSUs) financial
"Includes (a) 183,276 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.
continuous employment financial
"each conditional upon continuous employment with the Issuer"
exercise price financial
"with staggered 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.
expiration date financial
"expiration_date": "2029-08-15""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vest financial
"options 1/3 vest every March 1 between 2024 and 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What does BORR's latest Form 4 disclose about the CEO's option holdings?
It shows Bruno Morand De Oliveira holds employee stock options over common shares with exercise prices of $3.66, $4.41, $5.16, $6.31 and $6.54, expiring between 2027 and 2029, reflecting previously granted equity incentives that remain outstanding.
What are the key vesting terms for BORR CEO options granted in 2022?
Options granted on September 1, 2022 vest one‑third each on March 1 of 2024, 2025 and 2026, with staggered strike prices as of the filing date, and carry an expiration date of September 1, 2027.
What does the Form 4 say about BORR CEO Bruno Morand De Oliveira’s RSUs?
He holds RSUs that each represent a right to receive one common share, including 183,276 RSUs vesting on September 1 of 2026, 2027 and 2028, and additional tranches of 158,334, 158,332 and 158,334 RSUs vesting on September 1 of 2027, 2028 and 2029, subject to continuous employment.
Are there any buy or sell transactions reported in this BORR Form 4?
No buy or sell codes are reported. The entries are classified as holdings, describing existing employee stock options and RSUs with their exercise prices, vesting schedules and expiration dates, rather than new market purchases or sales.
What are the terms of BORR CEO options granted on August 15, 2024?
Options granted on August 15, 2024 carry an exercise price of $6.54, vest one‑third on August 15 of 2025, 2026 and 2027, and have an expiration date of August 15, 2029, each series linked to 75,000 underlying common shares.
What are the terms of BORR CEO options granted on November 17, 2023?
Options granted on November 17, 2023 have an exercise price of $6.31, vest one‑third on March 1 of 2025, 2026 and 2027, and expire on November 17, 2028, with each vesting tranche linked to 100,000 underlying common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
