AI assistant
Valaris Ltd — Director's Dealing 2022
Sep 27, 2022
31267_dirs_2022-09-27_7fc9ae15-f2ae-42ef-9135-196d596426d2.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Valaris Ltd (VAL)
CIK: 0000314808
Period of Report: 2022-09-26
Reporting Person: Lyne Matthew (SVP - CCO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-09-26 | Common Shares | A | 15240 | — | Acquired | 15240 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-09-26 | Performance Share Units | $ | A | 64002 | Acquired | Common Shares (64002.0) | Direct |
Footnotes
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.