Noble Corp (NE) CFO gains RSU shares while some withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Noble Corp plc EVP and CFO Richard B. Barker reported equity transactions in A Ordinary Shares. He acquired 36,083 shares at $0.00 per share as a grant, representing Class A Ordinary Shares earned from performance-vested restricted stock units granted on February 3, 2023. In a separate transaction on the same date, 14,199 shares were disposed of at $42.10 per share to cover tax withholding on settlement of these RSUs, meaning they were withheld by the company rather than sold in the open market. Following these transactions, Barker directly owned 334,781 A Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barker Richard B.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | A Ordinary Shares | 36,083 | $0.00 | -- |
| Tax Withholding | A Ordinary Shares | 14,199 | $42.10 | $598K |
Holdings After Transaction:
A Ordinary Shares — 348,980 shares (Direct)
Footnotes (1)
- Reflects Class A Ordinary Shares earned under the performance-vested Restricted Stock Units (RSUs) granted on February 3, 2023. Each performance-vested Restricted Stock Unit represents a contingent right to receive one Class A Ordinary Share. Shares withheld by Issuer to satisfy tax withholding requirements on settlement of RSUs.
FAQ
What insider transactions did Noble Corp (NE) CFO Richard Barker report?
Richard Barker reported an equity award and related tax withholding. He received 36,083 A Ordinary Shares from performance-vested RSUs, while 14,199 shares were withheld by Noble Corp to satisfy tax obligations on the RSU settlement.
Were Noble Corp (NE) CFO Richard Barker’s Form 4 transactions open-market trades?
The reported transactions were not open-market trades. Barker received 36,083 shares as an equity award from performance-vested RSUs, and 14,199 shares were withheld by the issuer solely to cover tax withholding on the RSU settlement at $42.10 per share.
What does the F transaction code mean in Noble Corp (NE) CFO’s Form 4?
The F code indicates a disposition to pay tax or exercise costs. In this case, 14,199 shares were used to satisfy tax withholding requirements upon RSU settlement, with the shares delivered back to Noble Corp instead of being sold into the market.