Tor Olav Troim, a director of Borr Drilling Ltd, filed a Form 4 on August 25, 2026 disclosing the purchase of 200,000 common shares on August 24, 2026 at a price of $4.3731 per share through an indirectly held entity.

Key Highlights

  • Purchase transaction: 200,000 common shares acquired on August 24, 2026 at $4.3731 per share, transaction code P.
  • Indirect ownership: The shares were acquired through Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust in which Troim is the beneficiary.
  • Post-transaction holdings: Following the purchase, indirect beneficial ownership through Drew Holdings Ltd. stands at 29,385,941 common shares.
  • RSU disclosure: The filing notes 81,867 shares in a separate row, including 54,545 RSUs that vest in full on September 30, 2026, conditional upon continuing to serve as a director at the vesting date, with each RSU representing a contingent right to receive one common share.
  • Reporting person role: Troim is identified as a director of Borr Drilling Ltd (NYSE:BORR).

Tor Olav Troim's Share Acquisition in Borr Drilling Disclosed

According to the Form 4 filed on August 25, 2026, Tor Olav Troim reported the acquisition of 200,000 common shares of Borr Drilling Ltd (NYSE:BORR) at a per-share price of $4.3731. The transaction date was August 24, 2026, with August 25, 2026 listed as the deemed execution date. The filing designates the transaction with code "P," indicating a purchase in the open market.

The filing discloses that the shares were acquired indirectly, held through Drew Holdings Ltd. According to the explanation of responses, "Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary." Following this transaction, the total amount of common shares beneficially owned indirectly through Drew Holdings Ltd. is reported as 29,385,941.

A separate line in Table I records 81,867 common shares disposed of (marked "D"), with no transaction date or price listed for that row. The filing notes that this figure includes 54,545 restricted stock units that "vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting," with each RSU representing a contingent right to receive one common share. The Form 4 was signed by Temi Bankole as attorney-in-fact on August 25, 2026.

What Was Disclosed

The filing reports a purchase of 200,000 Borr Drilling common shares at $4.3731 each through an indirectly held entity, bringing indirect beneficial ownership to 29,385,941 shares, along with details on pending RSU vesting for the director.