Insider at Noble Corp (NE) converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc insider Caroline Alting, SVP, Ops. Excellence & Sust, reported equity compensation activity involving A Ordinary Shares. On January 26, 2026, 3,622 restricted stock units were converted into A Ordinary Shares at an exercise price of $0 per share.
On the same date, 1,618 A Ordinary Shares were withheld at $34.88 per share to cover tax withholding on the vesting. Following these transactions, Alting directly owned 9,504 A Ordinary Shares and 26,862 restricted stock units, each RSU representing a right to receive one A Ordinary Share. The RSUs vest in three equal annual installments starting from January 26, 2025, one year after the January 26, 2024 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,622 shares exercised/converted
Mixed
3 txns
Insider
ALTING CAROLINE
Role
SVP, Ops. Excellence & Sust
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,622 | $0.00 | -- |
| Exercise | A Ordinary Shares | 3,622 | $0.00 | -- |
| Tax Withholding | A Ordinary Shares | 1,618 | $34.88 | $56K |
Holdings After Transaction:
Restricted Stock Units — 26,862 shares (Direct);
A Ordinary Shares — 11,122 shares (Direct)
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive one Class A Ordinary Share. Shares withheld by Issuer to satisfy tax withholding requirements on vesting of RSUs. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, which was January 26, 2024.
FAQ
What insider transaction did Noble Corp (NE) report for Caroline Alting?
Noble Corp reported that SVP Caroline Alting converted 3,622 restricted stock units into A Ordinary Shares at $0 per share. As part of the same event, 1,618 shares were withheld to satisfy tax obligations related to the RSU vesting.
What do the restricted stock units in Noble Corp (NE) represent for Caroline Alting?
Each restricted stock unit represents a contingent right for Caroline Alting to receive one A Ordinary Share of Noble Corp. These RSUs are a form of equity compensation that convert into shares as they vest over time, aligning management incentives with shareholders.
How do Caroline Alting’s Noble Corp (NE) RSUs vest over time?
Caroline Alting’s restricted stock units vest in three equal annual installments. The vesting schedule begins on the first anniversary of the grant date, January 26, 2024, meaning installments start on January 26, 2025 and continue annually thereafter, subject to continued service.
What does transaction code M mean in the Noble Corp (NE) Form 4?
Transaction code M in the Form 4 indicates the exercise or conversion of a derivative security, such as restricted stock units, into underlying shares. Here it reflects 3,622 RSUs converting into A Ordinary Shares for Caroline Alting as part of her compensation.