Noble Corp (NYSE: NE) director converts RSUs into 3,649 shares and $124K cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc director Kristin Holth reported compensation-related equity activity. She exercised restricted stock units (RSUs) into 3,649 A Ordinary Shares at a conversion price of $0, increasing her direct holdings to 15,810 A Ordinary Shares. Under the RSU terms, 60% of vested units pay in shares and 40% in cash, and 2,433 RSUs were settled in cash at $50.95 each, for an aggregate $123,961.35. No open-market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,082 shares exercised/converted
Mixed
3 txns
Insider
HOLTH KRISTIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,649 | $50.95 | $186K |
| Exercise | Restricted Stock Units | 2,433 | $0.00 | -- |
| Exercise | A Ordinary Shares | 3,649 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,433 shares (Direct, null);
A Ordinary Shares — 15,810 shares (Direct, null)
Footnotes (1)
- Upon vesting, each restricted stock unit (RSU) become payable 60% in A Ordinary Shares on a 1 for 1 basis and 40% in cash based on the cash value of the underlying A Ordinary Shares on the date of vesting. These RSUs vested in accordance with the accelerated vesting provisions of the RSU award agreement. RSUs settled in cash at $50.95 for an aggregate amount of $123,961.35.
Key Figures
Shares acquired: 3,649 A Ordinary Shares
Post-transaction holdings: 15,810 A Ordinary Shares
Cash-settled RSUs: 2,433 RSUs at $50.95
+2 more
5 metrics
Shares acquired
3,649 A Ordinary Shares
RSU exercise on A Ordinary Shares
Post-transaction holdings
15,810 A Ordinary Shares
Direct ownership after RSU exercise
Cash-settled RSUs
2,433 RSUs at $50.95
RSUs settled entirely in cash
Cash received
$123,961.35
Aggregate cash settlement for 2,433 RSUs
RSU payout mix
60% shares, 40% cash
Vested RSU payment structure
Key Terms
Restricted Stock Units, A Ordinary Shares, accelerated vesting provisions, aggregate amount, +1 more
5 terms
Restricted Stock Units financial
"RSUs settled in cash at $50.95 for an aggregate amount of $123,961.35."
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.
accelerated vesting provisions financial
"These RSUs vested in accordance with the accelerated vesting provisions of the RSU award agreement."
aggregate amount financial
"RSUs settled in cash at $50.95 for an aggregate amount of $123,961.35."
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider transaction did Noble Corp (NE) disclose for Kristin Holth?
Noble Corp reported that director Kristin Holth exercised restricted stock units into 3,649 A Ordinary Shares and received a cash payment linked to other vested RSUs. The activity reflects equity compensation vesting, not an open-market stock purchase or sale.
How were Kristin Holth’s RSUs structured at Noble Corp (NE)?
According to the footnotes, each vested RSU becomes payable 60% in A Ordinary Shares on a 1-for-1 basis and 40% in cash, based on the share value at vesting. This structure blends equity ownership with immediate cash compensation for the director.
What cash amount did Kristin Holth receive from Noble Corp (NE) RSUs?
A portion of 2,433 RSUs was settled entirely in cash at $50.95 per unit, resulting in an aggregate payment of $123,961.35. This cash settlement is part of the RSU vesting terms rather than a stock sale by the director in the market.
Were Kristin Holth’s Noble Corp (NE) RSUs subject to accelerated vesting?
Yes. A footnote explains that the RSUs vested under the accelerated vesting provisions of the RSU award agreement. This means the units became payable earlier than the original schedule, triggering the share delivery and cash settlement recorded in the Form 4.