Jennings H. Keith 4

What Happened

• Jennings H. Keith, a director of Noble Corp plc (NE), exercised/converted derivative awards on February 3, 2026. As part of the conversion, 3,673 shares were acquired (report shows acquisition at $0.00) and those 3,673 shares were immediately disposed (sold) at $36.43 for proceeds of $133,807. Another 2,450 units were settled in cash at $36.43 for an aggregate cash payment of $89,253.50.

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (appears timely).
• Reported actions (code M = exercise/conversion of derivative):
  • Acquired 3,673 shares @ $0.00 (conversion/acquisition)
  • Disposed 3,673 shares @ $36.43 for $133,807 (sale of the shares)
  • Disposed 2,450 units settled in cash (cash settlement reported at $36.43; aggregate $89,253.50)
• Footnotes:
  • F1: Upon vesting, each RSU pays 60% in A Ordinary Shares (1-for-1) and 40% in cash based on share price at vesting.
  • F2: RSUs vest one year from grant.
  • F3: Cash settlements totaled $89,253.50 at $36.43 per share equivalent.
• Shares owned after the transactions: not stated in the provided excerpt.
• No 10b5-1 plan or tax-withholding specifics are noted in the excerpt.

Context

• This appears to be a routine equity compensation conversion/settlement rather than an open-market investment. The director converted RSUs/derivatives, received shares and cash, and sold the share portion immediately (a cashless-like outcome for the share portion). Such transactions commonly reflect vesting/settlement of compensation rather than a directional vote on the stock.