Is Borr Drilling a Buy Following This Insider Purchase of 1.06 Million Shares?
Written by Cory Renauer for The Motley Fool -> Tor Olav Troim acquired 1,063,000 shares on June 9, 2026, for a transaction value of approximately $5.0 million at around $4.70 per share. Following the transaction, indirect holdings increased to 27,185,941 shares, while direct ow
Tor Olav Troim acquired 1,063,000 shares on June 9, 2026, for a transaction value of approximately $5.0 million at around $4.70 per share.
Following the transaction, indirect holdings increased to 27,185,941 shares, while direct ownership decreased to 81,867 shares.
Troim retains Common Shares totaling 27,267,808 (direct and indirect), maintaining an ownership position despite the transaction.
On June 9, 2026, Director Tor Olav Troim reported an open-market purchase of 1,063,000 shares of Borr Drilling Limited (NYSE:BORR) , totaling ~$5.0 million, according to the SEC Form 4 filing .
Transaction value based on SEC Form 4 reported price ($4.70); post-transaction value is derived from available position value data as of June 9, 2026.
* 1-year price change calculated using June 9, 2026, as the reference date.
Borr Drilling Limited is a leading offshore drilling contractor specializing in shallow-water jack-up rigs, with a global operational footprint and a fleet of 23 active units. The company leverages its modern fleet and technical capabilities to address complex drilling requirements for a broad spectrum of oil and gas clients. Its competitive edge is driven by operational scale, a focus on efficiency, and the ability to serve both major and independent energy producers worldwide.
Insiders have many reasons to sell their shares, but there aren’t nearly as many reasons to buy with personal funds. The recent purchase of over 1 million shares by Troim suggests he’s bullish about the direction of Borr Drilling.
