Borr Drilling CEO buys 45,500 shares at $4.40
Borr Drilling’s CEO increased his direct shareholding with a 45,500‑share open-market purchase while retaining sizable option and RSU positions.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Borr Drilling Ltd (BORR) reported that Chief Executive Officer Bruno Morand De Oliveira purchased 45,500 common shares on September 18, 2026 at $4.40 per share in an open-market or private transaction. No Rule 10b5-1 trading plan is reported. He also holds multiple tranches of employee stock options and restricted stock units that vest between 2024 and 2029.
Insider Trade Summary
Net Buyer: 45,500 shares
Net Buy
1 txn
Insider
Morand De Oliveira Bruno
Role
Chief Executive Officer
Bought
45,500 shs ($200K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares F1 | 45,500 | $4.40 | $200K |
| 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 F2 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 1,490,328 shares (Direct);
Employee Stock Option to Purchase Common Shares — 0 contracts for 725,000 underlying 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
Common shares purchased: 45,500 shares
Purchase price per share: $4.40 per share
Option underlying shares at $3.66: 66,667 shares
+5 more
8 metrics
Common shares purchased
45,500 shares
Purchased by the CEO on September 18, 2026
Purchase price per share
$4.40 per share
Price paid for 45,500 common shares on September 18, 2026
Option underlying shares at $3.66
66,667 shares
Employee stock option with a $3.66 exercise price, expiring September 1, 2027
Option underlying shares at $4.41
66,667 shares
Employee stock option with a $4.41 exercise price, expiring September 1, 2027
Option underlying shares at $5.16
66,666 shares
Employee stock option with a $5.16 exercise price, expiring September 1, 2027
Option underlying shares at $6.54
75,000 shares
One reported option tranche with a $6.54 exercise price, expiring August 15, 2029
Option underlying shares at $6.31
100,000 shares
One reported option tranche with a $6.31 exercise price, expiring November 17, 2028
RSUs vesting annually 2026–2028
183,276 RSUs each year
RSUs vesting on September 1 of 2026, 2027 and 2028, subject to continued employment
Key Terms
restricted stock units, RSUs, contingent right, strike price, +1 more
5 terms
restricted stock units financial
"Includes (a) 183,276 restricted stock units (RSUs) that vest in full"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents (a) 158,334 restricted stock units (RSUs) that vest in full"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each RSU represents a contingent right to receive one common share"
strike price financial
"with staggered strike price as at date of filing"
The strike price is the fixed price at which an option gives its holder the right to buy or sell an underlying stock. Think of it like a coupon that lets you transact at a pre-agreed price regardless of the market; for investors it determines whether an option will be profitable, influences potential gains or losses, and is a key factor in the option’s market value and risk profile.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BORR’s CEO report on this Form 4?
The CEO, Bruno Morand De Oliveira, reported purchasing 45,500 common shares of Borr Drilling Ltd on September 18, 2026 at a price of $4.40 per share in an open-market or private transaction.
Was the BORR CEO’s September 18, 2026 trade under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to the reported transactions, so the CEO’s purchase on September 18, 2026 is not described as made under a pre-arranged trading plan.
What higher-strike BORR stock options are reported for the CEO?
Reported holdings include options over 66,667 shares at $4.41 and 66,666 shares at $5.16 per share, each expiring on September 1, 2027, and several option tranches over 75,000 shares each at $6.54 per share expiring on August 15, 2029.
Are there additional BORR RSUs scheduled to vest for the CEO after 2027?
Yes. Another footnote describes 158,334 RSUs vesting on September 1, 2027, 158,332 RSUs vesting on September 1, 2028, and 158,334 RSUs vesting on September 1, 2029, each conditioned on continued employment, with each RSU convertible into one common share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
