Noble Corp (NE) director Al J. Hirshberg gains shares through RSU vesting and cash settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc director Al J. Hirshberg reported equity award activity on February 3, 2026. He acquired 3,673 A Ordinary Shares at $0 per share through the conversion of restricted stock units, bringing his direct holdings to 32,803 shares, plus 5,000 shares held indirectly through the Charles S. Hirshberg, M.D. Revocable Trust.
On the same date, 3,673 restricted stock units and another 2,450 units were reported as derivative transactions. The filing explains that each RSU pays 60% in A Ordinary Shares on a one-for-one basis and 40% in cash at vesting, and that a portion of units was settled in cash at $36.43 per share for an aggregate of $89,253.50. RSUs vest one year from the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,123 shares exercised/converted
Mixed
4 txns
Insider
Hirshberg Al J.
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 | -- |
| holding | A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,532 shares (Direct);
A Ordinary Shares — 32,803 shares (Direct);
A Ordinary Shares — 5,000 shares (Indirect, Charles S. Hirshberg, M.D. Revocable Trust)
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 activity did Noble Corp (NE) disclose for Al J. Hirshberg?
Noble Corp reported that director Al J. Hirshberg acquired 3,673 A Ordinary Shares at $0 per share via restricted stock unit conversion, increasing his direct holdings to 32,803 shares, with an additional 5,000 shares held indirectly through the Charles S. Hirshberg, M.D. Revocable Trust.
How do Al J. Hirshberg’s restricted stock units work at Noble Corp (NE)?
Each restricted stock unit vests one year from the grant date and then becomes payable 60% in A Ordinary Shares on a one-for-one basis and 40% in cash, based on the cash value of the underlying shares on the vesting date.
What RSU transactions did Noble Corp (NE) report for Al J. Hirshberg on February 3, 2026?
The filing shows two RSU transactions coded “M” on February 3, 2026: 3,673 restricted stock units tied to 3,673 A Ordinary Shares at $36.43, and 2,450 restricted stock units, with derivative holdings after these transactions of 8,532 and 6,082 units respectively.
How much cash did Noble Corp (NE) pay from RSU settlement for Al J. Hirshberg?
Restricted stock units for Al J. Hirshberg were settled in cash at $36.43 per underlying A Ordinary Share, resulting in an aggregate cash payment of $89,253.50, according to the explanatory footnote in the Form 4 filing.