Deepak Munganahalli - Jun 13, 2024 Form 4 Insider Report for Valaris Ltd (VAL)

Role: Director
Signature: /s/ Andrew Campbell, by power-of-attorney
Stock symbol: VAL
Transactions as of: Jun 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/17/2024, 04:59 PM
Previous filing: Jun 11, 2024
Next filing: Jun 18, 2024

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	Restricted Stock Units	Award	$0	+2.86K		$0.00	2.86K	Jun 13, 2024	Common Shares	2.86K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash, in accordance with the grant agreements and at the election of the reporting person. Consists of 2,863 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.

Content

Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash, in accordance with the grant agreements and at the election of the reporting person. Consists of 2,863 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.