Director Tor Olav Troim filed a Form 4 with the SEC on August 17, 2026, disclosing the purchase of 500,000 common shares of Borr Drilling Ltd on August 14, 2026, through an indirectly held entity.

Key Highlights

  • Purchase transaction: 500,000 common shares were acquired on August 14, 2026, at a price of $4.3868 per share.
  • Indirect ownership: The shares were purchased through Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.
  • Beneficial ownership following transaction: The reporting person beneficially owns 29,185,941 common shares indirectly through Drew Holdings Ltd. following the reported transaction.
  • RSUs disclosed: The filing also notes 81,867 shares beneficially owned directly, which includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026, conditional upon continuing to serve as a Director at the date of vesting.
  • Reporting person role: Tor Olav Troim is identified in the filing as a Director of Borr Drilling Ltd, traded on NYSE:BORR.

Tor Olav Troim Discloses Large Share Purchase in Borr Drilling

According to the Form 4 filing, Tor Olav Troim, a Director of Borr Drilling Ltd (NYSE:BORR), reported the acquisition of 500,000 common shares on August 14, 2026, at a price of $4.3868 per share. The transaction code listed is "P," indicating an open-market purchase. The shares were acquired indirectly through Drew Holdings Ltd., an entity described in the filing as wholly owned by Drew Trust, a non-discretionary trust in which Troim is the beneficiary.

Following the reported transaction, the filing states that the reporting person beneficially owns 29,185,941 common shares indirectly through Drew Holdings Ltd. In addition, the filing discloses a separate line item of 81,867 shares held directly. The filing notes that this figure includes 54,545 RSUs 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.

No derivative securities transactions were reported in Table II of the filing. The form was signed by Temi Bankole as attorney-in-fact on August 17, 2026, which is also the date the filing was submitted to the SEC.

What Was Disclosed

The filing reported the purchase of 500,000 Borr Drilling common shares at $4.3868 each by Director Tor Olav Troim, held indirectly through Drew Holdings Ltd., bringing indirectly held beneficial ownership to 29,185,941 shares as of August 14, 2026.