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Borr Drilling GC details RSUs vesting to 2029

Borr Drilling Ltd (BORR) had its SVP – General Counsel, Lee Charles (Chuck), report equity incentive holdings on a Form 4.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Borr Drilling Ltd (BORR) had its SVP – General Counsel, Lee Charles (Chuck), report equity incentive holdings on a Form 4. The filing details time-based restricted stock units (RSUs) over two separate awards, each RSU representing a contingent right to receive one common share, with vesting schedules running annually from September 1, 2026 through September 1, 2029, all conditional on continuous employment at each vesting date.

Positive

  • None.

Negative

  • None.
Insider Lee Charles (Chuck)
Role SVP - General Counsel
Type Security Shares Price Value
holding Common Shares F1 -- -- --
holding Common Shares F2 -- -- --
Holdings After Transaction: Common Shares — 191,538 shares (Direct)
Footnotes (2)
  1. F1. Includes (a) 26,346 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 26,346 RSUs that vest in full on September 1, 2027 and (c) 26,346 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
  2. F2. Represents (a) 37,500 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 37,500 RSUs that vest in full on September 1, 2028 and (c) 37,500 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
RSUs vesting September 1, 2026 26,346 RSUs First tranche of one RSU award vesting in full on September 1, 2026
RSUs vesting September 1, 2027 (first award) 26,346 RSUs Second tranche of the first RSU award vesting in full on September 1, 2027
RSUs vesting September 1, 2028 (first award) 26,346 RSUs Third tranche of the first RSU award vesting in full on September 1, 2028
RSUs vesting September 1, 2027 (second award) 37,500 RSUs First tranche of the second RSU award vesting in full on September 1, 2027
RSUs vesting September 1, 2028 (second award) 37,500 RSUs Second tranche of the second RSU award vesting in full on September 1, 2028
RSUs vesting September 1, 2029 (second award) 37,500 RSUs Third tranche of the second RSU award vesting in full on September 1, 2029
restricted stock units (RSUs) financial
"Includes (a) 26,346 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.
contingent right financial
"Each RSU represents a contingent right to receive one common share"
continuous employment financial
"each conditional upon continuous employment with the Issuer"

FAQ

Who is the insider involved in Borr Drilling Ltd (BORR)'s latest Form 4?
The Form 4 relates to Lee Charles (Chuck), who serves as SVP – General Counsel of Borr Drilling Ltd. The filing reports his equity incentive holdings in the form of restricted stock units (RSUs).

What RSU awards for BORR were reported with a 2026–2028 vesting schedule?
One RSU award includes 26,346 RSUs vesting on September 1, 2026, 26,346 RSUs vesting on September 1, 2027, and 26,346 RSUs vesting on September 1, 2028, each conditioned on continuous employment with Borr Drilling Ltd at the vesting date.

What RSU awards for BORR were reported with a 2027–2029 vesting schedule?
Another RSU award represents 37,500 RSUs vesting on September 1, 2027, 37,500 RSUs vesting on September 1, 2028, and 37,500 RSUs vesting on September 1, 2029, each conditional on continuous employment with Borr Drilling Ltd at the vesting date.

How many Borr Drilling (BORR) shares does each RSU represent in this Form 4?
Each restricted stock unit (RSU) reported in the Form 4 represents a contingent right to receive one common share of Borr Drilling Ltd, subject to the vesting and continuous employment conditions described.

Does this BORR Form 4 indicate any insider share purchases or sales?
No. The Form 4 lists holding entries for RSUs and does not report any share purchases or sales. Transaction direction fields are unknown, and the filing primarily discloses the structure and timing of existing RSU awards.

What employment condition applies to the BORR RSUs reported in this Form 4?
All reported RSUs are described as conditional upon continuous employment with the issuer at the date of vesting. If that condition is not met at the vesting date, the right to receive the related common shares may not be realized.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lee Charles (Chuck)
(Last)(First)(Middle)
C/O BORR DRILLING LIMITED
2ND FLOOR 9 PAR-LA-VILLE ROAD
(Street)
HAMILTONHM11
(City)(State)(Zip)
BERMUDA
(Country)		2. Issuer Name and Ticker or Trading Symbol
Borr Drilling Ltd [ BORR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP - General Counsel
2a. Foreign Trading Symbol
[BORR]
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares79,038(1)D
Common Shares112,500(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes (a) 26,346 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 26,346 RSUs that vest in full on September 1, 2027 and (c) 26,346 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
2. Represents (a) 37,500 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 37,500 RSUs that vest in full on September 1, 2028 and (c) 37,500 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
Remarks:
/s/ Temi Bankole as attorney-in-fact08/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR