Borr Drilling CFO sells 19,625 shares for taxes
Borr Drilling’s CFO executed a tax-withholding sale of 19,625 shares while retaining substantial RSU and stock option awards vesting through 2029.
Rhea-AI Filing Summary
Borr Drilling Ltd (BORR) reported that its Chief Financial Officer, Magnus Vaaler, sold 19,625 common shares on September 3, 2026 at $4.8023 per share. According to the disclosure, this sale was effected solely to satisfy tax withholding obligations from vesting restricted stock units and was not a discretionary sale.
Vaaler continues to hold significant equity-based incentives, including multiple tranches of restricted stock units scheduled to vest between September 1, 2026 and September 1, 2029, each contingent on continued employment, and several employee stock option grants with exercise prices between $1.66 and $6.54 per share and expirations from December 31, 2026 to August 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,625 shares
Net Sell
14 txns
Insider
Vaaler Magnus
Role
Chief Financial Officer
Sold
19,625 shs ($94K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F1, F2 | 19,625 | $4.8023 | $94K |
| 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 | Employee Stock Option to Purchase Common Shares F6, F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6, F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6, F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F8 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F8 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F8 | -- | -- | -- |
| holding | Common Shares F3 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 404,586 shares (Direct);
Employee Stock Option to Purchase Common Shares — 0 contracts for 1,475,000 underlying shares (Direct)
Footnotes (8)
- 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) 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
- F4. 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
- 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
- F6. 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
- F7. 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.
- F8. 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
Common shares sold: 19,625 shares
Sale price per share: $4.8023 per share
RSU tranche vesting 2026: 41,237 RSUs
+3 more
6 metrics
Common shares sold
19,625 shares
Sale by CFO on September 3, 2026 to satisfy tax withholding
Sale price per share
$4.8023 per share
Price for 19,625 Borr Drilling common shares sold on September 3, 2026
RSU tranche vesting 2026
41,237 RSUs
RSUs vesting in full on September 1, 2026, contingent on continued employment
Additional RSU tranches
52,500 RSUs per tranche
Each of three RSU tranches vesting in full in 2027, 2028 and 2029
Lowest option exercise price
$1.66 per share
Employee stock options to purchase Borr Drilling common shares expiring December 31, 2026
Highest option exercise price
$6.54 per share
Employee stock options expiring August 15, 2029
Key Terms
restricted stock units (RSUs), tax withholding obligations, Employee Stock Option, expiration date, +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.
tax withholding obligations financial
"sale was effected solely to satisfy tax withholding obligations"
Employee Stock Option financial
"Employee Stock Option to Purchase Common Shares"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
expiration date financial
"amendment of an outstanding option to extend the expiration date"
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.
contingent right financial
"Each RSU represents a contingent right to receive one common share"
FAQ
What insider transaction did BORR’s CFO report on this Form 4?
Borr Drilling’s CFO, Magnus Vaaler, reported a sale of 19,625 common shares on September 3, 2026, classified as a sale in an open market or private transaction at a reported price of $4.8023 per share.
What RSU awards linked to BORR does the CFO hold after this transaction?
The CFO’s holdings include RSUs of 41,237 units vesting on September 1, 2026, 41,237 units vesting on September 1, 2027, and 41,237 units vesting on September 1, 2028, plus additional tranches of 52,500 RSUs vesting in full in 2027, 2028, and 2029, subject to continued employment.
Did the BORR Form 4 disclose any changes to existing stock options?
Yes. One footnote explains that an outstanding option granted on August 12, 2021 had its expiration date extended, resulting in the cancellation of the old option and the grant of a replacement option, which is fully vested and exercisable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
