Borr Drilling (BORR) SVP Chuck Lee Sells 10,538 Shares

What Happened
Charles "Chuck" Lee, Senior Vice President and General Counsel of Borr Drilling Ltd (BORR), reported a sale of 10,538 shares on 2026-09-02 at $4.80 per share, generating proceeds of $50,588. The filing notes this sale was effected solely to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs) and was not a discretionary sale.

Key Details

• Transaction date and price: 2026-09-02, sale of 10,538 shares at $4.80 each.
• Proceeds: $50,588.
• Filing date: 2026-09-03 (timely; Form 4 normally due within two business days).
• Shares owned after transaction: Not specified in the provided filing summary.
• Notable footnotes:
  • F1: Sale solely to satisfy tax withholding from RSU vesting (not discretionary).
  • F2: Describes RSUs that include 26,346 RSUs vesting 9/1/2026, 26,346 RSUs vesting 9/1/2027, and 26,346 RSUs vesting 9/1/2028 (each contingent on continuous employment). Each RSU represents a contingent right to one common share.
  • F3: Describes additional RSUs: 37,500 RSUs vesting 9/1/2027, 37,500 RSUs vesting 9/1/2028, and 37,500 RSUs vesting 9/1/2029 (each contingent on continuous employment).
• Transaction code: S = Sale (reported as tax-withholding disposition per footnote).

Context
This was a routine tax-withholding sale associated with RSU vesting rather than an open-market sell-off for investment reasons. Such transactions are common when vested equity is partially sold to cover employee tax obligations and do not necessarily signal management sentiment about the stock.