Gilles Luca - Jul 19, 2021 Form 4 Insider Report for Valaris Ltd (VAL)

Signature
/s/ Davor S. Vukadin, by power-of-attorney
Stock symbol
VAL
Transactions as of
Jul 19, 2021
Transactions value $
$0
Form type
4
Date filed
7/21/2021, 05:02 PM
Next filing
Jul 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VAL Common Shares Award $0 +41.4K $0.00 41.4K Jul 19, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VAL Performance Share Units Award $0 +174K $0.00 174K Jul 19, 2021 Common Shares 174K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of a one-time grant of 41,403 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, with settlement of all vested restricted stockunits generally deferred until the third anniversary of the date of grant.
F2 Consists of a one-time grant of up to 173,891 share price based performance share units, of which 57,963 will vest upon the Company's achievement of a $45 closing share price, 57,964 will vest upon the Company's achievement of a $55 closing share price, and 57,964 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days.