Harvey Edward Snowling, Chief Operating Officer of Borr Drilling Ltd, filed a Form 4 on August 13, 2026, disclosing his beneficial ownership of common shares and a series of employee stock option positions as of the date of earliest transaction, August 12, 2026.

Key Highlights

  • Reporting person and role: Harvey Edward Snowling is identified as Chief Operating Officer of Borr Drilling Ltd (NYSE:BORR).
  • Common share ownership: Snowling beneficially owned 171,821 common shares following the reported transaction, held directly.
  • RSU breakdown: The 171,821 shares include three tranches of RSUs: 57,274 vesting September 1, 2026; 57,273 vesting September 1, 2027; and 57,274 vesting September 1, 2028, each conditional on continuous employment.
  • Option amendment noted: One set of options originally granted August 12, 2021, with exercise price $1.66, had its expiration date extended to December 31, 2026, via cancellation of the old option and issuance of a replacement.
  • Twelve derivative positions disclosed: Employee stock options across four grant dates carry exercise prices ranging from $1.66 to $6.54 per share, with expiration dates between December 31, 2026, and August 15, 2029.
  • Filing signed: The form was signed by Temi Bankole as attorney-in-fact on August 13, 2026.

Borr Drilling COO's Shareholdings, RSUs, and Option Structure

According to the filing, Snowling directly held 171,821 common shares of Borr Drilling Ltd following the reported transaction. The filing's footnote discloses that this total comprises three RSU tranches - 57,274 units vesting September 1, 2026; 57,273 units vesting September 1, 2027; and 57,274 units vesting September 1, 2028 - each contingent on continuous employment with the issuer at the applicable vesting date. Each RSU represents a contingent right to receive one common share, as stated in the filing.

Table II of the filing lists twelve employee stock option positions held directly by Snowling. These options span four separate grant dates: August 12, 2021 (exercise price $1.66, expiring December 31, 2026); September 1, 2022 (staggered exercise prices of $3.66, $4.41, and $5.16, expiring September 1, 2027); November 17, 2023 (exercise price $6.31, expiring November 17, 2028); and August 15, 2024 (exercise price $6.54, expiring August 15, 2029). Each grant is divided into three tranches vesting in annual installments. Borr Drilling is a jack-up drilling rig company operating in the offshore oil and gas services sector.

The filing specifically notes that the transaction dated August 12, 2026, involved an amendment to the outstanding options originally granted on August 12, 2021. According to the response explanation, that amendment extended the expiration date and was structured as a cancellation of the prior option and the simultaneous grant of a replacement option. The filing states those options are "100% vested and exercisable" as of the filing date.

What Was Disclosed

The Form 4 filed August 13, 2026, reports beneficial ownership of 171,821 common shares and twelve employee stock option positions held by Borr Drilling's Chief Operating Officer, Harvey Edward Snowling, including an option amendment extending one grant's expiration to December 31, 2026.