Borr Drilling (NYSE: BORR) SVP updates 79,038-share stake and RSU awards

Rhea-AI Filing Summary

Borr Drilling Ltd SVP and General Counsel Lee Charles (Chuck) filed an amended initial ownership report showing his current equity position in the company. The filing reports beneficial ownership of 79,038 common shares held directly.

A footnote explains that this total includes 26,346 restricted stock units (RSUs) that vest in full on September 1, 2026, another 26,346 RSUs that vest on September 1, 2027, and 26,346 RSUs that vest on September 1, 2028, each conditional on his continuous employment on the applicable vesting date. Each RSU represents a contingent right to receive one common share.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lee Charles (Chuck)

Role SVP - General Counsel

Type	Security	Shares	Price	Value
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 79,038 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Lee Charles (Chuck)

(Last) (First) (Middle)

C/O BORR DRILLING LIMITED

2ND FLOOR 9 PAR-LA-VILLE ROAD

(Street)

HAMILTON HM11

(City) (State) (Zip)

BERMUDA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Borr Drilling Ltd [ BORR ]

3a. Foreign Trading Symbol
[BORR]

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP - General Counsel

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	79,038(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes (a) 26,346 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 26,346 RSUs that vest in full on September 1, 2027 and (c) 26,346 RSUs that vest in full on September 1, 2028, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share.

Remarks:

	/s/ Temi Bankole as attorney-in-fact	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Borr Drilling (BORR) SVP Lee Charles report owning in this Form 3/A?

He reports beneficial ownership of 79,038 common shares of Borr Drilling Ltd. This figure includes time-based restricted stock units that convert into common shares only if specified vesting conditions tied to continued employment are met.

How many Borr Drilling (BORR) RSUs vest in 2026 for Lee Charles?

The filing states that 26,346 restricted stock units vest in full on September 1, 2026. These RSUs convert into an equal number of common shares only if he remains continuously employed with Borr Drilling through the specified vesting date.

What future vesting schedule is disclosed for BORR RSUs held by Lee Charles?

He holds 26,346 RSUs vesting on September 1, 2026, another 26,346 vesting on September 1, 2027, and a further 26,346 vesting on September 1, 2028, each contingent on continuous employment with Borr Drilling.

What does each Borr Drilling (BORR) RSU represent for Lee Charles?

Each restricted stock unit represents a contingent right to receive one common share of Borr Drilling Ltd. The RSUs only convert into shares if the vesting date is reached while he remains continuously employed by the company.

Is this BORR Form 3/A a buy or sell transaction for Lee Charles?

The amendment does not report a new buy or sell transaction. It updates and details his beneficial ownership, including common shares and time-based restricted stock units that vest over several years, rather than recording open-market trading activity.