Borr Drilling Director Tor Olav Troim Buys 500,000 Shares for $2.2 Million. Is This a Signal to Buy?
Troim's open-market purchase boosts his beneficial ownership to 10%, with total equity now valued at $130 million after the stock surged 82% over the past year.
Overview
Tor Olav Troim, a Director at Borr Drilling Limited (NYSE:BORR), acquired 500,000 common shares on August 14, 2026, for a total purchase price of ~$2.2 million. SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($4.39); post-transaction value based on the August 14, 2026 market close ($4.43).
Details
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry. It owns and operates jack-up rigs to conduct exploration and production drilling operations across global markets including the Americas, the Middle East, and Europe.
Source
Originally published at www.fool.com.