Schedule 13D shows Borr Drilling director Tor Olav Troim transferred 81,867 shares to Drew Holdings Ltd
A Schedule 13D filed on 13 October 2026 shows Tor Olav Troim moved 81,867 Borr Drilling shares to Drew Holdings Ltd on 9 October 2026 for no funds or consideration, separate from 54,545 shares he received as vested director compensation.
Drew Holdings, the vehicle for Borr Drilling director Tor Olav Troim, reported a 12.2% stake (37.4 million shares) in Borr Drilling on 13 October 2026 after buying 6.75 million shares on the open market between 5 and 9 October.
- Company
- Borr Drilling Limited (CIK 1715497)
- Holder
- Drew Holdings Ltd
- Stake
- 37,367,808 shares, 12.2%
- Bought 5 to 9 October
- 6,750,000 shares
- Bought since 13 August
- 10,100,000 shares
- Filing
- Schedule 13D, 13 October 2026
A Schedule 13D filed with the SEC on 13 October 2026 shows that Tor Olav Troim transferred 81,867 shares of Borr Drilling Ltd to Drew Holdings Ltd on 9 October 2026. The Schedule 13D states that no funds or other consideration were used in the transfer.
The same filing discloses that Troim received 54,545 shares as compensatory equity awards under Borr Drilling's Long-Term Incentive Plan, which vested on 30 September 2026 in connection with his service as a director of the company. The filing states that Troim receives such awards pursuant to that plan because of his board role.
The document is a joint filing agreement, signed by Erling Lind as a director of Drew Holdings Ltd and by Tor Olav Troim, both dated 13 October 2026. The filing does not state the resulting percentage of Borr Drilling's shares held by Drew Holdings Ltd or Troim following the transfer, nor does it set out any stated purpose for the transaction beyond the compensation arrangement described.
Companies House and SEC EDGAR records show Borr Drilling Ltd also filed Form 4s on 13, 8, 7, 6 and 2 October 2026, though the content of those filings is not detailed in the records reviewed here.
On the record
Primary sources
1 recordEvery factual claim above is drawn from these records. Each link resolves to the publisher’s own copy.