Noble (NE) director RSUs vest, mixing A Ordinary Shares and cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc director Douglas Patrice D reported the vesting and settlement of restricted stock units (RSUs) tied to A Ordinary Shares on February 3, 2026. He acquired 3,673 A Ordinary Shares at $0 through an RSU conversion. Additional RSUs were settled in cash at $36.43 per share for an aggregate $89,253.50, and other RSUs remain outstanding. Following these transactions, he directly held 8,698 A Ordinary Shares, along with RSU awards including 8,532 and 6,082 units that pay 60% in shares and 40% in cash upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,123 shares exercised/converted
Mixed
3 txns
Insider
Douglas Patrice D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,673 | $36.43 | $134K |
| Exercise | Restricted Stock Units | 2,450 | $0.00 | -- |
| Exercise | A Ordinary Shares | 3,673 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 8,532 shares (Direct);
A Ordinary Shares — 8,698 shares (Direct)
Footnotes (1)
- Upon vesting, each restricted stock unit (RSU) will 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. The restricted stock units (RSU) vest one year from the date of grant. Restricted stock units settled in cash at $36.43 for an aggregate amount of $89,253.50.
FAQ
What insider transaction did Noble Corp (NE) report for Douglas Patrice D?
Noble Corp director Douglas Patrice D reported RSU vesting and settlement on February 3, 2026. He received 3,673 A Ordinary Shares at $0 from RSU conversion, while other RSUs were partly settled in cash and partly left outstanding for future share and cash delivery.
How are Noble Corp (NE) restricted stock units structured for this director?
Each Noble Corp RSU for this director pays 60% in A Ordinary Shares and 40% in cash upon vesting. The cash portion is based on the share value on the vesting date, while the stock portion converts one-for-one into A Ordinary Shares, aligning compensation with share performance.
What cash amount was generated from Noble Corp (NE) RSUs in this filing?
Some RSUs were settled entirely in cash at $36.43 per share for an aggregate $89,253.50. This reflects the cash-based portion of the director’s equity awards, paid according to the underlying A Ordinary Share value on the vesting date, rather than additional share issuance.
What do the transaction code "M" entries mean in Noble Corp (NE) Form 4?
Transaction code “M” indicates the exercise or conversion of derivative securities, in this case restricted stock units. For Noble Corp, it shows RSUs converting into A Ordinary Shares or cash, reflecting the scheduled vesting of equity awards rather than open-market purchases or sales.