Borr Drilling SVP details option, RSU holdings
Borr Drilling Ltd (BORR) reported the equity holdings of SVP – Commercial Jason Philip Crowe.
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 the equity holdings of SVP – Commercial Jason Philip Crowe. He holds employee stock options to purchase common shares with strike prices of $6.31 and $6.54, expiring between November 17, 2028 and August 15, 2029, vesting in thirds each year from 2025 to 2027. He also holds RSUs, including 41,237 RSUs vesting on each of September 1, 2026, 2027, and 2028, and 37,500 RSUs vesting on each of September 1, 2027, 2028, and 2029, each conditional on continuous employment, with each RSU representing one common share.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Crowe Jason Philip
Role
SVP - Commercial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 | Common Shares F1 | -- | -- | -- |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 225,000 contracts (Direct);
Common Shares — 236,211 shares (Direct)
Footnotes (4)
- F1. 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
- 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
- F3. 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
- 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
Key Figures
Option exercise price: $6.31 per share
Option underlying shares: 41,667 common shares
Option exercise price: $6.54 per share
+3 more
6 metrics
Option exercise price
$6.31 per share
Employee stock options expiring November 17, 2028
Option underlying shares
41,667 common shares
One tranche of $6.31 options
Option exercise price
$6.54 per share
Employee stock options expiring August 15, 2029
Option underlying shares
33,333 common shares
One tranche of $6.54 options
RSUs vesting 2026–2028
41,237 RSUs per year
Vesting on September 1, 2026, 2027, and 2028
RSUs vesting 2027–2029
37,500 RSUs per year
Vesting on September 1, 2027, 2028, and 2029
Key Terms
Employee Stock Option, restricted stock units (RSUs), strike price, continuous employment, +1 more
5 terms
Employee Stock Option financial
"security_title" : "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.
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.
strike price financial
"with 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.
continuous employment financial
"each conditional upon continuous employment with the Issuer"
contingent right financial
"Each RSU represents a contingent right to receive one common share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity positions did BORR executive Jason Philip Crowe report?
Jason Philip Crowe reported employee stock options with strike prices of $6.31 and $6.54 expiring in 2028–2029, plus multiple RSU tranches that vest between 2026 and 2029. Each RSU represents a contingent right to receive one BORR common share.
What are the terms of Jason Philip Crowe’s $6.31 BORR stock options?
Crowe holds employee stock options with a $6.31 exercise price, expiring on November 17, 2028. The options vest in three tranches on March 1, 2025, March 1, 2026, and March 1, 2027, each linked to separate underlying share amounts.
What are the terms of Jason Philip Crowe’s $6.54 BORR stock options?
He holds employee stock options with a $6.54 exercise price, expiring on August 15, 2029. These options vest in three tranches on August 15, 2025, August 15, 2026, and August 15, 2027, each with its own underlying common share amount.
How many BORR RSUs vest for Jason Philip Crowe between 2026 and 2028?
Crowe holds 41,237 RSUs vesting on September 1, 2026, another 41,237 RSUs on September 1, 2027, and 41,237 RSUs on September 1, 2028, each conditional on continuous employment. Each RSU represents a contingent right to receive one BORR common share.
What additional BORR RSUs vest for Jason Philip Crowe between 2027 and 2029?
He also holds 37,500 RSUs vesting on September 1, 2027, another 37,500 RSUs on September 1, 2028, and 37,500 RSUs on September 1, 2029, each requiring continuous employment and representing one BORR common share per RSU.
AI-generated analysis. How Rhea-AI works. Not financial advice.
