Kotts John P 4
4 · NABORS INDUSTRIES LTD · Filed Jan 3, 2023
Insider Transaction Report
Form 4
Kotts John P
Director
Transactions
- Award
Stock Options (Right to Buy)
2022-12-30$115.44/sh+368$42,482→ 368 totalExercise: $154.87From: 2022-12-30Exp: 2032-12-30→ Common Stock (368 underlying)
Footnotes (1)
- [F1]The Reporting Person elected to receive stock options in lieu of the quarterly cash payment he would normally receive as a Nabors director. The number of options was determined by dividing the foregone cash payment of $42,500 by the option price on the date of grant calculated in accordance with the Black-Scholes valuation model, or $115.4407 per share. The options are fully vested as of the date of grant, and have an exercise price of $154.87 per share, which is the market price of Nabors' common shares on the date of grant.