Borr Drilling Director Buys One Million Shares in Open Market
Tor Olav Troim, a director at Borr Drilling Limited (NYSE: BORR), purchased one million shares of the company's common stock on September 16, 2026. The transaction was conducted indirectly through Drew Trust and totaled $4.3 million in value based on an average price per share of $4.30. The purchase is seen as a positive signal by many investors since insider buying often indicates confidence in the company's future performance. Troim’s acquisition comes at a time when Borr Drilling has delivered a 33% total return over the past year, despite reporting net losses for the trailing twelve months (TTM) of $240.6 million. The stock closed at $4.23 on September 16, slightly below Troim’s purchase price. The company operates in the offshore shallow-water drilling segment and has a market capitalization of approximately $1.3 billion.
Tickers: $BORR
Topics: Borr Drilling insider buying SEC filing