Joseph Goldschmid - Jun 9, 2022 Form 4 Insider Report for Valaris Ltd (VAL)

Role
Director, Other*
Signature
/s/ Davor S. Vukadin, by power-of-attorney
Stock symbol
VAL
Transactions as of
Jun 9, 2022
Transactions value $
$0
Form type
4
Date filed
6/13/2022, 05:10 PM
Previous filing
Jun 17, 2021
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VAL Common Shares Award $0 +3.07K +13.93% $0.00 25.1K Jun 9, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 3,068 restricted stock units, representing the recipient's annual equity retainer, which will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Company's shareholders.
F2 Pursuant to the policies of Oak Hill Advisors, L.P. ("OHA"), the restricted stock units received by Mr. Goldschmid are held for the benefit of certain clients of OHA.

Remarks:

Mr. Goldschmid, an employee of OHA, is a member of the board of directors of the Issuer. Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), Mr. Goldschmid is a beneficial owner of certain securities of the Issuer to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that Mr. Goldschmid is or was, for the purposes of Section 16 of the Act or otherwise, a beneficial owner of any securities of the Issuer, and such beneficial ownership is and was expressly disclaimed by Mr. Goldschmid, in each case except to the extent of his pecuniary interests.