Nabors Industries (NBR) CFO details 2026 stock vesting, TSR and RS grants
Rhea-AI Filing Summary
Nabors Industries Ltd. reported equity transactions by its Chief Financial Officer, reflecting routine compensation and performance awards. On January 1, 2026, 2,736 Long Term 2023 performance restricted stock units that were originally granted on May 18, 2023 vested in full after meeting ROIC performance criteria, converting into the same number of common shares at no cost. On the same date, 812 common shares were surrendered to cover tax withholding on this vesting, leaving 1,924 vested shares retained.
The CFO also received new equity awards on January 1, 2026. These included 11,576 performance-based TSR shares that may vest after a three-year period from January 1, 2026 to December 31, 2028, with the reported amount representing the maximum earnable at 200% of target, and no shares guaranteed. In addition, he was granted 9,208 time-based restricted shares tied to his appointment as CFO, which are scheduled to cliff vest on January 1, 2030. Following these transactions, he directly owns 41,916 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2023 Long Term Performance Share Units | 2,736 | $0.00 | -- |
| Exercise | 2023 Long Term Performance Share Units | 2,736 | $0.00 | -- |
| Exercise | Common Stock | 2,736 | $0.00 | -- |
| Tax Withholding | Common Stock | 812 | $54.30 | $44K |
| Grant/Award | Common Stock | 11,576 | $0.00 | -- |
| Grant/Award | Common Stock | 9,208 | $0.00 | -- |
Footnotes (1)
- Represents the aggregate number of Long Term 2023 Performance restricted stock units originally granted on May 18, 2023, the vesting of which was subject to the achievement of certain ROIC performance criteria, that have been earned as a result of the achievement of the applicable performance criteria. All of such shares have fully vested as of January 1, 2026. Reflects the number of shares surrendered on January 1, 2026 to satisfy the tax withholding on the vesting and issuance of 2,736 shares of the 2023 Long Term Performance restricted stock units originally granted on May 18, 2023. The remaining 1,924 vested performance shares were retained by the Reporting Person. Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2026 to December 31, 2028) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated. The Reporting Person was granted a restricted stock award on January 1, 2026 in connection with his appointment as Chief Financial Officer on October 1, 2025, that will cliff vest in full on January 1, 2030. Performance restricted stock units convert into common shares on a 1-for-1 basis. On May 18, 2023, the Reporting Person was granted Performance restricted stock units, the vesting of which is subject to the achievement of certain ROIC performance criteria during the three-year performance period beginning on January 1, 2023 and ending on December 31, 2025. The number of shares reported in this line item represents the number of Performance restricted stock units that were earned as a result of the achievement of such performance criteria.
FAQ
What insider transaction did Nabors Industries (NBR) report for its CFO?
The Chief Financial Officer of Nabors Industries Ltd. reported multiple equity transactions effective January 1, 2026, including vesting of performance stock units, tax share surrender, and new grants of performance-based and time-based restricted shares.
How many Nabors Industries (NBR) performance stock units vested for the CFO?
A total of 2,736 Long Term 2023 performance restricted stock units vested on January 1, 2026 after the company achieved specified ROIC performance criteria, converting into 2,736 common shares.
What new performance-based TSR award did the Nabors Industries (NBR) CFO receive?
On January 1, 2026, the CFO received an award of 11,576 TSR shares that may vest at the end of a three-year performance period from January 1, 2026 to December 31, 2028, based on Nabors Industries' relative total shareholder return versus a peer group. The 11,576 shares represent the maximum that may be earned at 200% of target, and the actual vested amount may range from zero up to that figure.
What time-based restricted stock award did the Nabors Industries (NBR) CFO receive?
The CFO was granted 9,208 restricted common shares on January 1, 2026 in connection with his appointment as Chief Financial Officer on October 1, 2025. This restricted stock award is scheduled to cliff vest in full on January 1, 2030.
Do the Nabors Industries (NBR) performance restricted stock units convert into common shares?
Yes. The filing states that performance restricted stock units convert into common shares on a 1-for-1 basis, meaning each unit corresponds to one common share upon vesting and settlement.