Executive Director Buys 1.2 Million Shares of Borr Drilling. Does That Make BORR a Buy?
Offshore drilling specialist Borr Drilling attracted a notable insider buy, as the company’s global rig operations continue to expand.
Overview
Offshore drilling specialist Borr Drilling Ltd (NYSE:BORR) attracted a notable insider buy from its Executive Chairman, as the company’s global rig operations continue to expand.
Executive Director Patrick Schorn reported June 22 that he acquired 1.2 million common shares through option exercises on June 16, expanding direct holdings to 3,535,000 shares according to the SEC Form 4 filing.
Details
Transaction value based on SEC Form 4 weighted average purchase price ($1.66); post-transaction value based on June 17, 2026 market close (total position value: $15,094,450.00).
Source
Originally published at www.fool.com.
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