Denton Blake 4

What Happened

• Denton Blake, SVP, Marketing & Contracts at Noble Corp plc (NE), had restricted stock units (RSUs) vest on January 26, 2026. The RSUs converted into 3,622 Class A ordinary shares (reported as an exercise/conversion of a derivative).
• To cover tax withholding on the vesting, the issuer withheld 1,618 shares at $34.88 per share, a withholding value of $56,436. After withholding, Blake received a net of 2,004 shares.
• This is not a market buy or sale for cash — it is the settlement of an equity award (routine compensation-related transaction), not necessarily a bullish or bearish signal.

Key Details

• Transaction date: 2026-01-26; Form 4 filed 2026-01-28 (appears timely).
• Vesting/settlement: 3,622 RSUs converted to 3,622 Class A shares (transaction code M — exercise/conversion of derivative).
• Tax withholding: 1,618 shares withheld (transaction code F) at $34.88/share for $56,436 in withholding.
• Net shares received: 2,004 shares (3,622 issued minus 1,618 withheld).
• Footnotes: F1 — each RSU = right to one Class A share; F2 — shares were withheld to satisfy tax withholding; F3 — RSUs vest in three equal annual installments starting Jan 26, 2024.
• Shares owned after transaction: not disclosed in the provided filing.

Context

• This is a standard RSU vesting and share-withholding-for-taxes event (sometimes called a cashless settlement for tax purposes). The RSUs were converted to shares and the company withheld a portion to meet tax obligations; no open-market sale or purchase occurred.