Form 4 for VAL Valaris Ltd
Accepted 2022-06-02 00:00:00 ET · period of report 2022-06-01 · accession 0000314808-22-000051 · 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 | 2022-06-02 | 2022-06-01 | VAL | Vudakin Davor | SVP, GC | A - Grant | $0.00 | +5,347 | 15.0K | +56% | $0 |
| D | 2022-06-02 | 2022-06-01 | VAL | Vudakin Davor | SVP, GC | A - Grant | $0.00 | +22.5K | 22.5K | 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 | 2022-06-01 | A | A | 5,347 | $0.00 | 14,962 | D | — | — | (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. |
| 2 | Derivative | Performance Share Units | 2022-06-01 | A | A | 22,452 | $0.00 | 22,452 | D | — · — to — | 22,452 Common Shares | (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. |