Magnus Vaaler, Chief Financial Officer of Borr Drilling Ltd (NYSE:BORR), filed a Form 4 statement of changes in beneficial ownership with the SEC on August 13, 2026, reporting beneficial ownership of common shares and multiple tranches of employee stock options as of a transaction date of August 12, 2026.

Key Highlights

  • Reporting person: Magnus Vaaler, Chief Financial Officer of Borr Drilling Ltd
  • Common shares held: 266,711 common shares beneficially owned directly, including three tranches of 41,237 restricted stock units each, vesting September 1, 2026, September 1, 2027, and September 1, 2028, conditional on continuous employment
  • Option extension disclosed: An outstanding option originally granted August 12, 2021 had its expiration date amended, resulting in cancellation of the original option and issuance of a replacement expiring December 31, 2026
  • Earliest transaction date: August 12, 2026
  • Exercise prices across option tranches: Range from $1.66 to $6.54 per common share, across grants dating from 2021 through 2024
  • All derivative positions: Held directly, with zero derivative securities acquired or disposed of in Table II transactions other than the option amendment

Borr Drilling CFO Option Holdings and Share Ownership Details

According to the filing, Vaaler directly holds 266,711 common shares of Borr Drilling Ltd, a company engaged in offshore jack-up drilling services. The filing discloses that this total includes three separate restricted stock unit tranches of 41,237 RSUs each, granted conditionally upon continuous employment with the issuer at the time of each vesting date. Each RSU represents a contingent right to receive one common share, per footnote 1 of the filing.

The filing reports twelve tranches of employee stock options across four separate original grant dates. A grant made September 1, 2022 produced three tranches with staggered exercise prices of $3.66, $4.41, and $5.16, each covering 133,334 or 133,333 underlying common shares and expiring September 1, 2027. A grant dated August 15, 2024 produced three tranches at $6.54 per share, covering 75,000 shares each, with vesting dates running from August 15, 2025 through August 15, 2027, and expiring August 15, 2029. A November 17, 2023 grant produced three tranches at $6.31, covering 100,000 shares each and expiring November 17, 2028.

The remaining three tranches stem from an August 12, 2021 grant at $1.66 per share, covering 183,334 and 183,333 shares each. The filing states that these options, which are described as 100% vested and exercisable, were subject to an amendment extending the expiration date, with the original option cancelled and a replacement option granted. The new expiration date is reported as December 31, 2026. The filing was signed by Temi Bankole as attorney-in-fact on August 13, 2026.

What Was Disclosed

Borr Drilling's CFO Magnus Vaaler disclosed direct beneficial ownership of 266,711 common shares and twelve employee stock option tranches spanning four grant dates, including an amendment extending the expiration of a fully vested 2021 option grant through December 31, 2026.