Borr Drilling COO details option, RSU holdings
Borr Drilling Ltd (BORR) executive Harvey Edward Snowling, Chief Operating Officer, reported his existing equity positions as of August 24, 2026.
Rhea-AI Filing Summary
Borr Drilling Ltd (BORR) executive Harvey Edward Snowling, Chief Operating Officer, reported his existing equity positions as of August 24, 2026. The filing lists multiple employee stock options to purchase Common Shares with exercise prices between $1.6600 and $6.5400 and expirations from 2026 through 2029, as well as time-vested restricted stock units (RSUs).
The options include tranches each covering 75,000 underlying Common Shares at an exercise price of $6.5400 expiring on August 15, 2029, and tranches each covering 100,000 shares at $6.3100 expiring on November 17, 2028. Additional grants cover 120,000 shares at exercise prices of $3.6600, $4.4100, and $5.1600 expiring September 1, 2027, and 150,000 shares at $1.6600 expiring December 31, 2026. Footnotes describe vesting schedules and an extension of an earlier option’s expiration date; no purchases or sales of BORR common shares are reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Snowling Harvey Edward
Role
Chief Operating Officer
| 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 | 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 | Employee Stock Option to Purchase Common Shares F6, F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6, F7 | -- | -- | -- |
| holding | Employee Stock Option to Purchase Common Shares F6, F7 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option to Purchase Common Shares — 1,335,000 contracts (Direct);
Common Shares — 224,321 shares (Direct)
Footnotes (7)
- F1. Includes (a) 57,274 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 57,273 RSUs that vest in full on September 1, 2027 and (c) 57,274 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) 17,500 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 17,500 RSUs that vest in full on September 1, 2028 and (c) 17,500 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 August 15, 2024 - options 1/3 vest every August 15 between 2025 and 2027 with 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 September 1, 2022 - options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price as at date of filing
- F6. 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
- F7. 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
Option exercise price: $6.5400 per share
Underlying Common Shares: 75,000 shares
Option exercise price: $6.3100 per share
+5 more
8 metrics
Option exercise price
$6.5400 per share
Employee stock option to purchase Common Shares expiring August 15, 2029, underlying 75,000 shares
Underlying Common Shares
75,000 shares
Employee stock option at $6.5400 exercise price expiring August 15, 2029
Option exercise price
$6.3100 per share
Employee stock option to purchase Common Shares expiring November 17, 2028, underlying 100,000 shares
Underlying Common Shares
100,000 shares
Employee stock option at $6.3100 exercise price expiring November 17, 2028
Option exercise prices
$3.6600, $4.4100, $5.1600 per share
Employee stock options each underlying 120,000 Common Shares expiring September 1, 2027
Lower-priced option position
150,000 shares at $1.6600
Employee stock option to purchase Common Shares expiring December 31, 2026
RSU tranches
57,274; 57,273; 57,274 RSUs
RSUs vesting in full on September 1, 2026, 2027, and 2028, each for one common share
Additional RSU tranches
17,500 RSUs per tranche
RSUs vesting in full on September 1, 2027, 2028, and 2029, each for one common share
Key Terms
Employee Stock Option to Purchase Common Shares, restricted stock units (RSUs), exercise price, contingent right to receive one common share
4 terms
restricted stock units (RSUs) financial
"Includes (a) 57,274 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.
exercise price financial
"with strike price as at date of filing"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What stock options does BORR COO Harvey Snowling hold at a $6.5400 exercise price?
Harvey Edward Snowling holds employee stock options each covering 75,000 Common Shares at an exercise price of $6.5400 per share, with an expiration date of August 15, 2029, as reported for Borr Drilling Ltd (BORR).
What are the key option positions for BORR COO Harvey Snowling expiring in 2028?
For Borr Drilling (BORR), Harvey Edward Snowling reports employee stock options covering 100,000 Common Shares at an exercise price of $6.3100 per share, with an expiration date of November 17, 2028.
What lower-priced options does BORR COO Harvey Snowling hold?
The filing shows options covering 150,000 Common Shares at an exercise price of $1.6600 per share expiring on December 31, 2026, plus options covering 120,000 shares at exercise prices of $3.6600, $4.4100, and $5.1600 expiring on September 1, 2027.
What restricted stock units (RSUs) are disclosed for BORR COO Harvey Snowling?
For Borr Drilling (BORR), Harvey Edward Snowling’s holdings include RSUs of 57,274, 57,273, and 57,274 that vest in full on September 1, 2026, September 1, 2027, and September 1, 2028, respectively, plus RSUs of 17,500 vesting annually from 2027 through 2029.
Was any Borr Drilling (BORR) option amended in this Form 4 filing?
Yes. A footnote states that an outstanding option originally granted on August 12, 2021 was amended to extend the expiration date, resulting in cancellation of the old option and grant of a replacement option, which is 100% vested and exercisable and now expires on December 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
