Davor Vukadin - Jun 1, 2022 Form 4 Insider Report for Valaris Ltd (VAL)

Role
SVP & General Counsel
Signature
/s/ Andrew Campbell, by power-of-attorney
Stock symbol
VAL
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 06:37 PM
Previous filing
Jun 2, 2022
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 +5.35K +55.61% $0.00 15K Jun 1, 2022 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 +22.5K $0.00 22.5K Jun 1, 2022 Common Shares 22.5K 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 5,347 restricted stock units, which will vest in three installments, with 10% vesting on July 19, 2022, 45% vesting on July 19, 2023 and 45% vesting on July 19, 2024, with settlement of all vested restricted stock units generally deferred until July 19, 2024.
F2 Consists of a one-time grant of up to 22,452 share price based performance share units, of which 7,484 will vest upon the Company's achievement of a $45 closing share price, 7,484 will vest upon the Company's achievement of a $55 closing share price, and 7,484 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days.