Noble Corporation reports transactions made by persons discharging managerial responsibilities
Noble Corporation plc (NYSE: NE) announced the vesting of restricted share units resulting in the allocation of new A ordinary shares to its senior management. On February 3 and 5, 2023, various executives received shares with zero price attributed to the transactions. Richard B. Barker, CFO, received 9,009 and 45,687 shares; Robert W. Eifler, CEO, received 28,829 and 166,423 shares; other executives also received their shares with tax withholding adjustments made for each transaction. The notifications comply with the EU Market Abuse Regulation, ensuring transparency in managerial transactions.
- Management shareholding aligns interests with shareholders.
- Full compliance with regulatory requirements enhances transparency.
- Large number of shares vested may indicate confidence in company's future.
- Significant share withholding for tax purposes reduces net shares available.
- No direct financial growth indicators or revenue increases mentioned.
Further details are set out in the notifications below, made in accordance with the requirements of article 19 of Regulation (EU) No 596/2014 of the
Notification and public disclosure in accordance with the requirements of the EU market abuse regulation of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Public disclosure of transaction(s) made by
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | |||
2 | Reason for the notification | ||
a) | Position/Status | Senior Vice President and Chief Financial Officer
| |
b) | Initial Notification/Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Noble Corporation plc
| ||
b) | LEI | 549300I3HBUNXO0OG954
| |
4A | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 9,009 | ||
d) | Aggregated information - Aggregated volume - Price |
9,009 A ordinary shares (of which 3,699 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-03 | |
f) | Place of the transaction
| Outside a trading venue | |
4B | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 45,687 | ||
d) | Aggregated information - Aggregated volume
- Price
|
45,687 A ordinary shares (of which 17,978 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-05 | |
f) | Place of the transaction
| Outside a trading venue | |
Public disclosure of transaction(s) made by
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | |||
2 | Reason for the notification | ||
a) | Position/Status | President and Chief Executive Officer
| |
b) | Initial Notification/Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Noble Corporation plc
| ||
b) | LEI | 549300I3HBUNXO0OG954
| |
4A | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 28,829 | ||
d) | Aggregated information - Aggregated volume
- Price
|
28,829 A ordinary shares (of which 11,462 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-03 | |
f) | Place of the transaction
| Outside a trading venue | |
4B | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 166,423 | ||
d) | Aggregated information - Aggregated volume
- Price
|
166,423 A ordinary shares (of which 65,488 A ordinary shares are withheld by Noble to satisfy tax withholding requirements) | |
e) | Date of the transaction
| 2023-02-05 | |
f) | Place of the transaction
| Outside a trading venue | |
Public disclosure of transaction(s) made by
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | |||
2 | Reason for the notification | ||
a) | Position/Status | Senior Vice President, Marketing and Contracts
| |
b) | Initial Notification/Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Noble Corporation plc
| ||
b) | LEI | 549300I3HBUNXO0OG954
| |
4A | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 5,663 | ||
d) | Aggregated information - Aggregated volume
- Price
|
5,663 A ordinary shares (of which 2,397 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-03 | |
f) | Place of the transaction
| Outside a trading venue | |
4B | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 20,533 | ||
d) | Aggregated information - Aggregated volume
- Price
|
20,533 A ordinary shares (of which 8,080 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-05 | |
f) | Place of the transaction
| Outside a trading venue | |
Public disclosure of transaction(s) made by
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | |||
2 | Reason for the notification | ||
a) | Position/Status | Senior Vice President, Operations
| |
b) | Initial Notification/Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Noble Corporation plc
| ||
b) | LEI | 549300I3HBUNXO0OG954
| |
4A | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 5,663 | ||
d) | Aggregated information - Aggregated volume
- Price
|
5,663 A ordinary shares (of which 2,393 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-03 | |
f) | Place of the transaction
| Outside a trading venue | |
4B | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 20,533 | ||
d) | Aggregated information - Aggregated volume
- Price
|
20,533 A ordinary shares (of which 8,080 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-05 | |
f) | Place of the transaction
| Outside a trading venue | |
Public disclosure of transaction(s) made by
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | |||
2 | Reason for the notification | ||
a) | Position/Status | Senior Vice President, General Counsel & Corporate Secretary
| |
b) | Initial Notification/Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Noble Corporation plc
| ||
b) | LEI | 549300I3HBUNXO0OG954
| |
4A | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 6,692 | ||
d) | Aggregated information - Aggregated volume -
- Price |
6,692 A ordinary shares (of which 2,787 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-03 | |
f) | Place of the transaction
| Outside a trading venue | |
4B | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 35,420 | ||
d) | Aggregated information - Aggregated volume
- Price
|
35,420 A ordinary shares (of which 13,938 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-05 | |
f) | Place of the transaction
| Outside a trading venue | |
Public disclosure of transaction(s) made by
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | Laura D Campbell. | ||
2 | Reason for the notification | ||
a) | Position/Status | Vice President, Chief Accounting Officer & Controller
| |
b) | Initial Notification/Amendment | Initial notification
| |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Noble Corporation plc
| ||
b) | LEI | 549300I3HBUNXO0OG954
| |
4A | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1,802 | ||
d) | Aggregated information - Aggregated volume
- Price
|
1,802 A ordinary shares (of which 805 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-03 | |
f) | Place of the transaction
| Outside a trading venue | |
4B | Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted share units related to the shares of Noble Corporation plc
CUSIP-code: G65431127 | |
b) | Nature of the transaction | Vesting of restricted share units each representing the right to receive one new A ordinary share of Noble
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 7,700 | ||
d) | Aggregated information - Aggregated volume
- Price
|
7,700 A ordinary shares (of which 3,106 A ordinary shares are withheld by Noble to satisfy tax withholding requirements)
| |
e) | Date of the transaction
| 2023-02-05 | |
f) | Place of the transaction
| Outside a trading venue | |
About Noble Corporation
Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. For further information visit www.noblecorp.com or email investors@noblecorp.com.
IMPORTANT INFORMATION
This announcement is for information purposes only and does not constitute or contain any invitation, solicitation, recommendation, offer or advice to any person to subscribe for or otherwise acquire or dispose of any securities of Noble.
Certain statements in this announcement, including any attachments hereto, may constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and Noble and its subsidiaries (collectively, the "Noble Group") anticipated or planned financial and operational performance. The words "targets", "believes", "continues", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "estimates", "projects", "potentially" or similar expressions or the negatives thereof, identify certain of these forward-looking statements. The absence of these words, however, does not mean that the statements are not forward-looking. Other forward-looking statements can be identified in the context in which the statements are made.
Although Noble believes that the expectations reflected in these forward-looking statements are reasonable as of the date of this announcement, such forward-looking statements are based on Noble's current expectations, estimates, forecasts, assumptions and projections about the Noble Group's business and the industry in which the Noble Group operates and/or which has been extracted from publications, reports and other documents prepared by the Noble Group and are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other important factors beyond the Noble Group's control that could cause the Noble Group's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.
Any forward-looking statements included in this announcement, including any attachment hereto, speak only as of today. Noble does not intend, and does not assume, any obligations to update any forward-looking statements contained herein, except as may be required by law or the rules of the
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SOURCE Noble Corporation plc
FAQ
What is the significance of the restricted share units vesting for Noble Corporation (NE)?
When did Noble Corporation announce the vesting of restricted share units?
How many shares were vested to Richard B. Barker and Robert W. Eifler?
What are the tax implications of the shares vested to executives in Noble Corporation?
