Borr Drilling Ltd (BORR) CAO details 68,729 shares and multiple option grants
Rhea-AI Filing Summary
Borr Drilling Ltd officer Jehan Mawjee, Chief Accounting Officer, reported current equity holdings with no new purchases or sales. Direct ownership of 68,729 common shares includes 22,910, 22,909 and 22,910 restricted stock units vesting in full on September 1, 2026, 2027 and 2028, respectively. Mawjee also reports multiple employee stock options to purchase common shares with exercise prices between $1.66 and $6.54, expiring between 2026 and 2029, and notes that an August 12, 2021 option grant was amended to extend its expiration to December 31, 2026 while remaining fully vested and exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Mawjee Jehan
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option to Purchase Common Shares F2 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F2 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F2 | -- | -- | -- |
| 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, F6 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F5, F6 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 480,000 shares (Direct);
Common Shares — 68,729 shares (Direct)
Footnotes (6)
- F1. Includes (a) 22,910 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 22,909 RSUs that vest in full on September 1, 2027 and (c) 22,910 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. 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
- 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 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 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing
- F6. 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.
Key Figures
Direct common share holdings: 68,729 shares
RSUs vesting 2026: 22,910 RSUs
RSUs vesting 2027: 22,909 RSUs
+4 more
7 metrics
Direct common share holdings
68,729 shares
Directly owned BORR common shares following the reported transactions
RSUs vesting 2026
22,910 RSUs
Restricted stock units vesting in full on September 1, 2026
RSUs vesting 2027
22,909 RSUs
Restricted stock units vesting in full on September 1, 2027
RSUs vesting 2028
22,910 RSUs
Restricted stock units vesting in full on September 1, 2028
Option block at $6.54
41,666 shares at $6.5400
Employee stock option expiring August 15, 2029 with 41,666 underlying shares
Option block at $3.66
43,334 shares at $3.6600
Employee stock option expiring September 1, 2027 with 43,334 underlying shares
Option block at $1.66
66,666 shares at $1.6600
Employee stock option expiring December 31, 2026 with 66,666 underlying shares
Key Terms
restricted stock units (RSUs), contingent right to receive one common share, vest in full, staggered strike price, +1 more
5 terms
restricted stock units (RSUs) financial
"Includes (a) 22,910 restricted stock units (RSUs) that vest in full on September 1, 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.
vest in full financial
"RSUs that vest in full on September 1, 2027 and September 1, 2028"
staggered strike price financial
"options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price"
100% vested and exercisable financial
"The option was originally granted on August 12, 2021, and is 100% vested and exercisable"
FAQ
What did Borr Drilling (BORR) disclose in Jehan Mawjee’s latest Form 4?
Borr Drilling reported that Chief Accounting Officer Jehan Mawjee updated holdings, showing 68,729 common shares owned directly and several tranches of employee stock options and RSUs. The filing reflects positions and an option amendment, not any new share purchases or sales.
What restricted stock units (RSUs) for BORR were reported for Jehan Mawjee?
The filing shows RSU awards of 22,910 units vesting September 1, 2026, 22,909 units vesting September 1, 2027, and 22,910 units vesting September 1, 2028. Each RSU represents a contingent right to receive one Borr Drilling common share upon vesting.
What employee stock options for Borr Drilling (BORR) does Jehan Mawjee report?
Mawjee reports several employee stock options to purchase BORR common shares with exercise prices from $1.66 to $6.54 per share and expirations from 2026 to 2029. Each option block covers between 33,334 and 66,667 underlying common shares, according to the derivative holdings table.
Was any Borr Drilling (BORR) option grant amended in this Form 4?
Yes. An option originally granted on August 12, 2021 was amended to extend its expiration date to December 31, 2026. The footnote explains that the transaction cancelled the old option and granted a replacement, which is 100% vested and exercisable.
Does the Borr Drilling (BORR) Form 4 show any insider buying or selling by Jehan Mawjee?
No purchases or sales are reported for Jehan Mawjee. The transaction summary lists zero buy and zero sell transactions, and the entries are classified as holdings and option-related amendments rather than open-market trades in Borr Drilling common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
