Form 4 for VAL Valaris Ltd
Accepted 2021-07-21 00:00:00 ET · period of report 2021-07-19 · accession 0000314808-21-000065 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-07-21 | 2021-07-19 | VAL | Burke Thomas Peter | Pres, CEO, Dir | A - Grant | $0.00 | +115.0K | 115.0K | New | $0 |
| D | 2021-07-21 | 2021-07-19 | VAL | Burke Thomas Peter | Pres, CEO, Dir | A - Grant | $0.00 | +483.2K | 483.2K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2021-07-19 | A | A | 115,047 | $0.00 | 115,047 | D | — | — | (F1) Consists of a one-time grant of 115,047 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, with settlement of all vested restricted stock units generally deferred until the third anniversary of the date of grant. |
| 2 | Derivative | Performance Share Units | 2021-07-19 | A | A | 483,194 | $0.00 | 483,194 | D | — · — to — | 483,194 Common Shares | (F2) Consists of a one-time grant of up to 483,194 share price based performance share units, of which 161,064 will vest upon the Company's achievement of a $45 closing share price, 161,065 will vest upon the Company's achievement of a $55 closing share price, and 161,065 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days |