Borr Drilling CFO reports option, RSU holdings
Borr Drilling Ltd (BORR) had its Chief Financial Officer, Magnus Vaaler, report current equity holdings as of August 24, 2026, with no purchases, sales, or exercises disclosed.
Rhea-AI Filing Summary
Borr Drilling Ltd (BORR) had its Chief Financial Officer, Magnus Vaaler, report current equity holdings as of August 24, 2026, with no purchases, sales, or exercises disclosed. The filing lists employee stock options to purchase common shares, including options over 133,334 underlying shares at an exercise price of $3.66 expiring on September 1, 2027, and options over 183,334 underlying shares at $1.66 expiring on December 31, 2026, which were amended to extend the expiration date on an already fully vested grant. Additional option series cover 75,000 underlying shares at $6.54 expiring August 15, 2029, and 100,000 underlying shares at $6.31 expiring November 17, 2028. The disclosure also includes restricted stock units, such as three tranches of 41,237 RSUs each vesting in full on September 1 of 2026, 2027, and 2028, and three tranches of 52,500 RSUs each vesting in full on September 1 of 2027, 2028, and 2029, all conditional on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Vaaler Magnus
Role
Chief Financial 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, F5 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F4, F5 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F4, F5 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F7 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 1,475,000 contracts (Direct);
Common Shares — 424,211 shares (Direct)
Footnotes (7)
- F1. 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
- F2. Represents (a) 52,500 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 52,500 RSUs that vest in full on September 1, 2028 and (c) 52,500 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
- 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 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing
- F5. The reported transaction involved an amendment of an outstanding option to extend the expiration date, resulting in the cancellation of the "old" option and the grant of a replacement option. The option was originally granted on August 12, 2021, and is 100% vested and exercisable.
- F6. 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
- F7. 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
Underlying shares for $3.66 options: 133,334 shares
Option exercise price: $1.66
+5 more
8 metrics
Option exercise price
$3.66
Employee stock option over 133,334 underlying common shares expiring September 1, 2027
Underlying shares for $3.66 options
133,334 shares
Employee stock option to purchase common shares expiring September 1, 2027
Option exercise price
$1.66
Amended option over 183,334 underlying common shares expiring December 31, 2026
Underlying shares for $1.66 options
183,334 shares
Employee stock option to purchase common shares expiring December 31, 2026
Option exercise price
$6.54
Employee stock option over 75,000 underlying common shares expiring August 15, 2029
Option exercise price
$6.31
Employee stock option over 100,000 underlying common shares expiring November 17, 2028
RSU tranches
41,237 RSUs each
Three tranches vesting in full on September 1, 2026, 2027 and 2028
RSU tranches
52,500 RSUs each
Three tranches vesting in full on September 1, 2027, 2028 and 2029
Key Terms
Employee Stock Option to Purchase Common Shares, restricted stock units (RSUs), exercise price, vest, +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.
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.
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 stock options does BORR CFO Magnus Vaaler hold according to this filing?
Magnus Vaaler holds employee stock options including 133,334 underlying shares at $3.66 expiring September 1, 2027; 183,334 underlying shares at $1.66 expiring December 31, 2026; 75,000 underlying shares at $6.54 expiring August 15, 2029; and 100,000 underlying shares at $6.31 expiring November 17, 2028.
What RSU grants for BORR CFO Magnus Vaaler are disclosed in this Form 4?
The filing lists three RSU tranches of 41,237 units vesting in full on September 1, 2026, 2027, and 2028, and three RSU tranches of 52,500 units vesting in full on September 1, 2027, 2028, and 2029. Each RSU represents a contingent right to receive one common share, subject to continued employment.
Were any BORR options amended in this Magnus Vaaler Form 4?
Yes. Options with an exercise price of $1.66 covering 183,334 underlying shares originally granted on August 12, 2021 were amended to extend the expiration date to December 31, 2026, replacing the old option. The amended option is 100% vested and exercisable.
Are BORR CFO Magnus Vaaler’s options subject to vesting schedules?
Yes. Footnotes state that options granted on September 1, 2022, August 12, 2021, August 15, 2024, and November 17, 2023 vest in 1/3 tranches on specified future dates between 2023 and 2027, with each grant having its own schedule tied to those dates.
Is this BORR Form 4 filed under a Rule 10b5-1 trading plan?
No. The document-level indicator for Rule 10b5-1 is set to false, and there are no footnotes stating that any of the reported holdings or grants are pursuant to a 10b5-1 or similar pre-arranged trading plan.
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