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Valaris Ltd — Director's Dealing 2022
Jun 2, 2022
31267_dirs_2022-06-02_2ebaf254-d742-4e61-8d71-e1099b8e93d9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Valaris Ltd (VAL)
CIK: 0000314808
Period of Report: 2022-06-01
Reporting Person: Vudakin Davor (SVP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-01 | Common Shares | A | 5347 | — | Acquired | 14962 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-01 | Performance Share Units | $ | A | 22452 | Acquired | Common Shares (22452.0) | Direct |
Footnotes
F1: Consists of a one-time grant of 5,347 restricted stock units, which will vest in three installments, with 10% vesting on July 19, 2022, 45% vesting on July 19, 2023 and 45% vesting on 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 22,452 share price based performance share units, of which 7,484 will vest upon the Company's achievement of a $45 closing share price, 7,484 will vest upon the Company's achievement of a $55 closing share price, and 7,484 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days.