Borr Drilling Director Buys $4.3 Million Worth of Shares
Tor Olav Troim, a director at Borr Drilling Limited (NYSE:BORR), purchased one million shares in the open market for approximately $4.3 million on September 16, 2026, according to an SEC Form 4 filing. The transaction was indirect and through Drew Trust, which is wholly owned by Drew Holdings Ltd., where Troim serves as sole beneficiary. This purchase adds to his existing holdings of over 30 million shares in the company. The stock closed at $4.23 per share on the day of the transaction, slightly below the weighted average price paid during the trade ($4.30). Despite a net loss of $240.6 million for the trailing twelve months (TTM), Borr Drilling has delivered a 33% total return over the past year and maintains a market cap of approximately $1.3 billion. The purchase is seen as bullish by analysts, who note that insider buying often precedes positive stock performance in the short term.
Tickers: $BORR
Topics: directors SEC filings stock transactions