Borr Drilling Director Tor Olav Troim Buys 150,000 Shares. Is This a Buy Signal for Investors?
Troim purchased shares indirectly through Drew Trust at $4.38 each, signaling confidence in the offshore drilling company following a strong 43% one-year return.
Overview
Director Tor Olav Troim purchased ~150,000 shares of Borr Drilling Limited (NYSE:BORR) on September 17, 2026. SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($4.38); post-transaction value based on Sept. 17, 2026 market close ($4.36).
Details
Borr Drilling Limited is a mid-cap offshore drilling contractor with a market capitalization of $1.3 billion and trailing twelve-month (TTM) revenues of $1.0 billion, operating a specialized fleet of jack-up rigs across multiple geographic regions. The company's business model is capital-intensive and contract-driven, with profitability dependent on rig utilization rates and day rates in the shallow-water drilling market. Despite recent operational challenges reflected in a TTM net loss of $240.6 million, the company has demonstrated market resilience with a 43% one-year share price appreciation, indicating investor confidence in the recovery of offshore drilling demand.
Source
Originally published at www.fool.com.