Borr Drilling Director Tor Olav Troim Buys ~150,000 Shares
On September 17, 2026, Borr Drilling director Tor Olav Troim purchased approximately 150,000 shares of the company for $4.38 per share through an indirect ownership structure involving Drew Holdings Ltd., a wholly owned entity under the Drew Trust in which he is a beneficiary. The transaction increased his total holdings to around ~30.5 million shares indirectly and 81,867 directly held shares. The purchase occurred after Borr Drilling's stock had appreciated by 43% over one year as of that date. Despite the company reporting a TTM net loss of $240.6 million, it has seen strong investor confidence reflected in its share price performance. Troim also holds restricted stock units (RSUs) set to vest on September 30, 2026, contingent upon his continued service as a director. The company recently expanded its fleet and is focused on shallow-water drilling markets globally.
Tickers: $BORR
Topics: corporate governance shareholder activity stock ownership