Director Tor Olav Troim Buys Additional Shares in Borr Drilling
On August 25, 2026, Tor Olav Troim, a director of Borr Drilling Limited (NYSE: BORR), purchased an additional 200,000 shares at $4.37 per share for a total transaction value of $874,000. The purchase was made through Drew Trust, which is wholly owned by Drew Holdings Ltd., where Troim serves as the beneficiary. Following this acquisition, Troim's beneficial ownership in Borr Drilling increased to approximately 29.5 million shares, including both directly and indirectly held shares. This transaction occurred at a time when Borr Drilling had a market capitalization of $1.3 billion but was reporting net losses of $240.6 million on trailing twelve-month revenues of $1.0 billion. The purchase may signal confidence in the company's future performance, as insider buying is often interpreted by investors as an indication that key stakeholders believe the stock price will rise.
Tickers: $BORR