A Form 4 filed on August 14, 2026 with the U.S. Securities and Exchange Commission discloses that Tor Olav Troim, a director of Borr Drilling Ltd (NYSE:BORR), acquired 1,500,000 common shares on August 13, 2026 through an entity he is associated with.

Key Highlights

  • Purchase transaction: Tor Olav Troim acquired 1,500,000 common shares of Borr Drilling Ltd on August 13, 2026, at a price of $4.0245 per share.
  • Acquiring entity: The shares were acquired indirectly through Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.
  • Post-transaction ownership: Following the purchase, the reporting person beneficially owned 28,685,941 common shares indirectly through Drew Holdings Ltd.
  • Additional holdings: The filing also discloses 81,867 shares beneficially owned, which includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026, conditional upon continuing to serve as a director at the date of vesting.
  • RSU terms: Each RSU represents a contingent right to receive one common share, according to the filing.

Tor Olav Troim's Share Acquisition and Beneficial Ownership at Borr Drilling

According to the Form 4 filing, Tor Olav Troim, identified as a director of Borr Drilling Ltd, reported a purchase of 1,500,000 common shares on August 13, 2026, at $4.0245 per share. The transaction code recorded is "P," indicating an open-market purchase. The shares were acquired indirectly, with the filing identifying Drew Holdings Ltd. as the acquiring entity. Drew Holdings Ltd. is described as wholly owned by Drew Trust, a non-discretionary trust in which Troim is the beneficiary.

Following the reported transaction, the filing states that Troim beneficially owned 28,685,941 common shares indirectly through Drew Holdings Ltd. A separate line in Table I discloses 81,867 shares with no transaction date or price listed. The filing notes that this figure includes 54,545 RSUs that vest in full on September 30, 2026, subject to the condition that Troim continues to serve as a director of the issuer at the date of vesting. Each RSU, the filing states, represents a contingent right to receive one common share.

The Form 4 was signed by Temi Bankole as attorney-in-fact on August 14, 2026. The filing lists NYSE:BORR as the ticker symbol for Borr Drilling Ltd. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing reports a purchase of 1,500,000 Borr Drilling common shares by director Tor Olav Troim, executed indirectly through Drew Holdings Ltd. on August 13, 2026, at $4.0245 per share, bringing indirect beneficial ownership to 28,685,941 shares.