Director Erik Bergoo of Noble Corp (NE) reports 3,159 RSUs tied to A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc director Erik Bergoo reported holdings of restricted stock units linked to A Ordinary Shares. The filing shows 3,159 underlying A Ordinary Shares associated with these RSUs, held directly.
According to the terms, the RSUs will vest one year from the grant date. When they vest, 60% of the award will be settled in A Ordinary Shares on a 1-for-1 basis, and 40% will be settled in cash based on the cash value of the underlying A Ordinary Shares on the vesting date. The RSUs have an exercise price of $0.00, reflecting their nature as equity-based compensation rather than options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BERGOO ERIK
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,159 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Underlying A Ordinary Shares: 3,159 shares
Post-transaction RSU-linked shares: 3,159 shares
Equity settlement portion: 60%
+2 more
5 metrics
Underlying A Ordinary Shares
3,159 shares
Underlying shares linked to reported RSUs
Post-transaction RSU-linked shares
3,159 shares
Total underlying shares following reported holding
Equity settlement portion
60%
Portion of vested RSUs payable in A Ordinary Shares
Cash settlement portion
40%
Portion of vested RSUs payable in cash
Exercise price
$0.00
Exercise price of the restricted stock units
Key Terms
Restricted Stock Units, A Ordinary Shares, vest, cash value
4 terms
Restricted Stock Units financial
"reported holdings of restricted stock units linked to A Ordinary Shares"
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 grant date"
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"
FAQ
What insider activity did Noble Corp (NE) report for Erik Bergoo?
Noble Corp reported that director Erik Bergoo holds restricted stock units linked to 3,159 underlying A Ordinary Shares. These RSUs are equity-based compensation and are held directly according to the Form 4 filing.
When will Erik Bergoo’s Noble Corp (NE) RSUs vest?
The RSUs will vest one year from the date of grant. At vesting, the award converts partly into A Ordinary Shares and partly into cash based on the value of the underlying A Ordinary Shares on that date.
How are Erik Bergoo’s Noble Corp (NE) RSUs settled at vesting?
Upon vesting, 60% of the RSUs are payable in A Ordinary Shares on a 1-for-1 basis, while 40% are payable in cash based on the cash value of the underlying A Ordinary Shares at vesting.
Do Erik Bergoo’s Noble Corp (NE) RSUs have an exercise price?
The Form 4 lists an exercise price of $0.00 for the RSUs. This indicates they are restricted stock units, not stock options, and do not require payment to convert into A Ordinary Shares or cash at vesting.