BORR CEO buys 275,000 shares and exercises options
Borr Drilling Ltd Chief Executive Officer Bruno Morand De Oliveira reported substantial personal share accumulation and option activity.
Rhea-AI Filing Summary
Borr Drilling Ltd Chief Executive Officer Bruno Morand De Oliveira reported substantial personal share accumulation and option activity. He made an open-market purchase of 275,000 common shares at $1.66 per share, bringing his directly held common shares to 969,828.
He also exercised three tranches of employee stock options to acquire a total of 275,000 common shares at an exercise price of $1.66 per share. In addition to these holdings, he retains multiple option grants over common shares with exercise prices between $3.66 and $6.54 per share, expiring between 2027 and 2029, as well as restricted stock units scheduled to vest between 2026 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 275,000 shares
Net Buy
13 txns
Insider
Morand De Oliveira Bruno
Role
Chief Executive Officer
Bought
275,000 shs ($457K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option to Purchase Common Shares | 91,667 | $1.66 | $152K |
| Exercise | Employee Stock Option to Purchase Common Shares | 91,667 | $1.66 | $152K |
| Exercise | Employee Stock Option to Purchase Common Shares | 91,666 | $1.66 | $152K |
| Purchase | Common Shares | 275,000 | $1.66 | $457K |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 1,000,000 contracts for 725,000 underlying shares (Direct);
Common Shares — 969,828 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. 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. Options were exercised for cash on June 17, 2026
- 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
Open-market purchase: 275,000 shares at $1.66
Shares held after transaction: 969,828 shares
Option exercise 1: 91,666 shares at $1.66
+5 more
8 metrics
Open-market purchase
275,000 shares at $1.66
Common shares bought on June 17, 2026
Shares held after transaction
969,828 shares
Direct common share ownership after transactions
Option exercise 1
91,666 shares at $1.66
Employee stock option exercise, derivative code M
Option exercise 2
91,667 shares at $1.66
Employee stock option exercise, derivative code M
Option exercise 3
91,667 shares at $1.66
Employee stock option exercise, derivative code M
Remaining option grant
100,000 shares at $6.31
Employee stock option expiring November 17, 2028
RSUs vesting 2026
183,276 RSUs
Vest in full on September 1, 2026
RSUs vesting 2027
183,276 RSUs
Vest in full on September 1, 2027
Key Terms
Employee Stock Option to Purchase Common Shares, restricted stock units (RSUs), derivative exercise/conversion, open-market purchase, +1 more
5 terms
restricted stock units (RSUs) financial
"Includes (a) 183,276 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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
open-market purchase financial
"transaction_action: open-market purchase"
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.
vest in full financial
"RSUs that vest in full on September 1, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BORR CEO Bruno Morand De Oliveira report?
He reported buying 275,000 Borr Drilling common shares in the open market at $1.66 per share and exercising stock options for another 275,000 shares at the same exercise price, significantly increasing his direct equity exposure.
What stock options does the BORR CEO still hold after these transactions?
He continues to hold several employee stock option grants over common shares, including blocks with exercise prices of $6.31, $6.54, $5.16, $4.41 and $3.66 per share, with various expiration dates between 2027 and 2029, according to the derivative position summary.
What restricted stock units (RSUs) are disclosed for the BORR CEO?
The filing notes 183,276 RSUs vesting on September 1, 2026, another 183,276 on September 1, 2027, and 183,276 on September 1, 2028, each contingent on continued employment. Each RSU represents the right to receive one Borr Drilling common share.
What do the option grants referenced in the BORR CEO Form 4 represent?
The Form 4 footnotes describe option grants from 2021, 2022, 2023 and 2024, generally vesting in one-third annual installments on specified dates, with strike prices set at the grant date. Some 2021 plan options were fully exercised for cash on June 17, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
