Anton Dibowitz - 19 Jul 2022 Form 4 Insider Report for Valaris Ltd (VAL)

Reporting relationship: President & CEO, Director
Issuer ticker: VAL
Reported as of: 19 Jul 2022
Net transaction value: -$48,760
SEC form: 4
Accepted by SEC: 21 Jul 2022, 17:59:46 UTC
Prior SEC filing: 17 Jun 2022
Next SEC filing: 14 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Davor Vukadin, by power-of-attorney

Key filing fact

Anton Dibowitz filed Form 4 for Valaris Ltd (VAL) on 21 Jul 2022.

Key facts

This page summarizes Anton Dibowitz's Form 4 filing for Valaris Ltd (VAL).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Jul 2022, 17:59.

Change

Previous filing in this sequence was filed on 17 Jun 2022.
Current net transaction value: -$48,760.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VAL transaction

Common Shares

Tax liability

Transaction value: $48,760
Shares: -1,143
Change %: -0.96%
Price: $42.66
Shares after: 118,204
Date: 19 Jul 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VAL transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +16,557
Change %
Price: $0.000000
Shares after: 16,557
Date: 19 Jul 2022
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 16,557
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

Footnote F2

Consists of 16,557 performance share units for which the applicable performance criteria were determined to be satisfied on July 19th that remain subject to service based vesting conditions through the date following June 30, 2024 that the Company certifies the final number of earned performance share units under this award.