Denton Blake 4

What Happened
Denton Blake, Senior Vice President, Marketing & Contracts at Noble Corp plc (NE), reported the vesting of 19,846 performance-vested restricted stock units (RSUs) and subsequent share dispositions. On Feb 12, 2026, 19,846 RSUs were settled into shares; 7,810 of those shares were withheld to cover taxes (disposed at $42.10, value $328,801). On Feb 17, 2026, Blake sold 23,255 shares in an open-market transaction for a weighted-average price of $43.50, generating approximately $1,011,593. Across the reported transactions, the net change is a reduction of 11,219 shares (19,846 acquired − 7,810 withheld − 23,255 sold).

Key Details

• Transaction dates and prices:
  • 2026-02-12: RSU settlement — 19,846 shares acquired (performance-vested RSUs).
  • 2026-02-12: Tax withholding — 7,810 shares withheld at $42.10 (value $328,801).
  • 2026-02-17: Open-market sale — 23,255 shares sold; weighted-average price $43.50; total ≈ $1,011,593. Reported sale prices ranged $43.32–$43.79.
• Shares owned after these transactions: Not specified in the provided filing.
• Footnotes of note:
  • F1/F2: Shares were earned under performance-vested RSUs (one RSU = one Class A share).
  • F3: Shares withheld by issuer to satisfy tax withholding on settlement (sell-to-cover).
  • F4: Weighted-average price provided; actual sale prices ranged $43.32–$43.79.
• Filing timeliness: Form 4 was filed on 2026-02-17. The report covers the Feb 12 settlement and includes the Feb 17 sale; the filing date is within the normal SEC Form 4 reporting window (timely).

Context
This involved an RSU settlement (award/vesting) followed by routine tax withholding and an open-market sale. Withholdings to cover taxes (code F) and subsequent market sales (code S) are common after RSU settlements and do not by themselves indicate the insider’s future view of the company. Purchases typically carry more informational weight for interpreting insider sentiment.