Noble Corp (NE) director Jeffrey Allen Miller receives 2,757-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc director Jeffrey Allen Miller received a grant of Restricted Stock Units in 2026 tied to his board service. The award covers RSUs linked to 2,757 A Ordinary Shares on a 1-for-1 basis. The units were granted prorated to his May 21, 2026 appointment date and will vest one year from the grant date. After vesting, 60% of the award will be settled in A Ordinary Shares and 40% in cash based on the share value at vesting, making this a standard equity-based compensation grant rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Jeffrey Allen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,757 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Underlying shares: 2,757 A Ordinary Shares
Share settlement portion: 60% of RSUs
Cash settlement portion: 40% of RSUs
+2 more
5 metrics
Underlying shares
2,757 A Ordinary Shares
RSUs linked on a 1-for-1 basis
Share settlement portion
60% of RSUs
Settled in A Ordinary Shares at vesting
Cash settlement portion
40% of RSUs
Paid in cash based on share value at vesting
Exercise price
$0.0000 per unit
RSUs with no exercise price
Holdings after transaction
2,757 RSU-linked shares
Total underlying A Ordinary Shares reported
Key Terms
Restricted Stock Units, A Ordinary Shares, vest, cash value
4 terms
Restricted Stock Units financial
"Restricted Stock Units (RSU) awarded to Mr. Miller in connection with his service as a director"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"The RSUs will vest one year from the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
cash value financial
"40% in cash based on the cash value of the underlying A Ordinary Shares on the date of vesting"
FAQ
What insider award did Noble Corp (NE) director Jeffrey Allen Miller report?
Jeffrey Allen Miller reported a grant of Restricted Stock Units for his 2026 service as a director. The award is tied to 2,757 underlying A Ordinary Shares, reflecting stock-based compensation rather than a market purchase or sale of existing shares.
When do Jeffrey Allen Miller’s Noble Corp (NE) RSUs vest?
The RSUs granted to Jeffrey Allen Miller will vest one year from the date of grant. The grant is prorated to his May 21, 2026 appointment as a director, so vesting occurs one year after that referenced grant date under the award terms.
How will Noble Corp (NE) settle Jeffrey Allen Miller’s RSU award at vesting?
Upon vesting, 60% of the RSU award will be settled in A Ordinary Shares on a 1-for-1 basis. The remaining 40% will be paid in cash based on the cash value of the underlying A Ordinary Shares on the vesting date.
Is Jeffrey Allen Miller’s Form 4 for Noble Corp (NE) a stock purchase or sale?
The Form 4 reflects an equity compensation grant, not an open-market purchase or sale. It reports Restricted Stock Units awarded for his 2026 board service, with vesting after one year and a mix of share and cash settlement at that time.