Matthew Lyne - Sep 26, 2022 Form 4 Insider Report for Valaris Ltd (VAL)

Role
SVP - CCO
Signature
/s/ Andrew Campbell, by power-of-attorney
Stock symbol
VAL
Transactions as of
Sep 26, 2022
Transactions value $
$0
Form type
4
Date filed
9/27/2022, 06:15 PM
Previous filing
Sep 27, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VAL Common Shares Award $0 +15.2K $0.00 15.2K Sep 26, 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 +64K $0.00 64K Sep 26, 2022 Common Shares 64K 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 15,240 restricted stock units, which will vest in two equal installments on each of July 19, 2023 and 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 64,002 share price based performance share units, of which 21,334 will vest upon the Company's achievement of a $45 closing share price, 21,334 will vest upon the Company's achievement of a $55 closing share price, and 21,334 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days.