Insider Tor Olav Trøim adds 1.06M Borr Drilling (BORR) shares
Rhea-AI Filing Summary
Borr Drilling Ltd director Tor Olav Trøim reported a large insider purchase through an affiliated entity. On June 9, 2026, Drew Holdings Ltd., which is wholly owned by Drew Trust where he is the beneficiary, bought 1,063,000 common shares in an open-market transaction at $4.70 per share.
After this trade, Drew Holdings Ltd. held 27,185,941 common shares indirectly for his benefit. Separately, he held 81,867 common shares directly, including 54,545 restricted stock units that are scheduled to vest in full on September 30, 2026, subject to his continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,063,000 shares
Net Buy
2 txns
Insider
Troim Tor Olav
Role
Director
Bought
1,063,000 shs ($5.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 1,063,000 | $4.70 | $5.00M |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 27,185,941 shares (Indirect, By Drew Holdings Ltd.);
Common Shares — 81,867 shares (Direct)
Footnotes (2)
- F1. Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.
- F2. Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share.
Key Figures
Insider purchase size: 1,063,000 shares
Purchase price: $4.70 per share
Indirect holdings after trade: 27,185,941 shares
+2 more
5 metrics
Insider purchase size
1,063,000 shares
Open-market purchase on June 9, 2026
Purchase price
$4.70 per share
Price for 1,063,000 common shares
Indirect holdings after trade
27,185,941 shares
Common shares held by Drew Holdings Ltd.
Direct holdings after trade
81,867 shares
Common shares held directly by Tor Olav Trøim
RSUs outstanding
54,545 RSUs
Vest on September 30, 2026 if service continues
Key Terms
restricted stock units (RSUs), non-discretionary trust, open-market purchase
3 terms
restricted stock units (RSUs) financial
"Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026"
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.
non-discretionary trust financial
"Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust"
open-market purchase financial
"transaction_action: open-market purchase for 1,063,000 common shares"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Borr Drilling (BORR) report for Tor Olav Trøim?
Borr Drilling reported that an entity associated with director Tor Olav Trøim, Drew Holdings Ltd., purchased 1,063,000 common shares on June 9, 2026. The shares were acquired in an open-market transaction at $4.70 per share.
What are Tor Olav Trøim’s direct Borr Drilling (BORR) holdings after this Form 4?
Following the filing, Tor Olav Trøim directly held 81,867 Borr Drilling common shares. This direct position includes 54,545 restricted stock units that represent a contingent right to receive one common share per unit upon vesting.
When do Tor Olav Trøim’s Borr Drilling (BORR) RSUs vest?
The Form 4 states that 54,545 restricted stock units vest in full on September 30, 2026, provided he continues to serve as a director on the vesting date. Each RSU converts into one Borr Drilling common share upon vesting.