Eifler Robert W. 4
4 · Noble Corp plc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Noble (NE) CEO Robert Eifler Converts RSUs, 44,727 Shares Withheld
What Happened
Robert W. Eifler, President & CEO and Director of Noble Corp plc (NE), had 113,663 performance-vested Restricted Stock Units (RSUs) convert into Class A ordinary shares on Feb 12, 2026. To satisfy tax withholding obligations, 44,727 of those shares were withheld (disposed) at $42.10 per share, for a withholding value of $1,883,007. The conversion resulted in a net increase of 68,936 shares to Eifler’s holdings (113,663 acquired less 44,727 withheld). The conversion price for the RSUs is reported as N/A (RSUs convert to shares rather than being purchased).
Key Details
- Transaction date: 2026-02-12; Form 4 filed: 2026-02-17.
- Converted/Acquired (code M): 113,663 shares (RSU settlement; price = N/A).
- Withheld/Disposed (code F): 44,727 shares at $42.10 each, total $1,883,007 (tax withholding).
- Net shares received: 68,936 (113,663 - 44,727).
- Shares owned after the transaction: Not specified in the provided filing.
- Relevant footnotes: F1 — shares earned under performance-vested RSUs granted 2/3/2023; F2 — each RSU = contingent right to one Class A share; F3 — shares withheld to satisfy tax withholding.
- Timing note: The Form 4 was filed five days after the transaction; Form 4s are generally due within two business days, so this filing appears later than typical.
Context
This was a settlement of performance-vested RSUs, not an open-market purchase or sale. Withholding shares to cover taxes is a routine administrative step (not an independent sale indicating sentiment). Overall, Eifler’s position increased by 68,936 shares net of withholding. For investors tracking insider activity, RSU vesting indicates compensation realization rather than a direct cash purchase; the withholding reduces the net share gain but is expected in these settlements.
Insider Transaction Report
- Exercise/Conversion
A Ordinary Shares
[F1][F2]2026-02-12+113,663→ 1,388,555 total - Tax Payment
A Ordinary Shares
[F3]2026-02-12$42.10/sh−44,727$1,883,007→ 1,343,828 total
Footnotes (3)
- [F1]Reflects Class A Ordinary Shares earned under the performance-vested Restricted Stock Units (RSUs) granted on February 3, 2023.
- [F2]Each performance-vested Restricted Stock Unit represents a contingent right to receive one Class A Ordinary Share.
- [F3]Shares withheld by Issuer to satisfy tax withholding requirements on settlement of RSUs.