Form 4 for VAL Valaris Ltd
Accepted 2024-09-06 00:00:00 ET · period of report 2024-09-04 · accession 0000314808-24-000137 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-09-06 | 2024-09-04 | VAL | Vukadin Davor | SVP, GC | A - Grant | $0.00 | +5,144 | 21.0K | +32% | $0 |
| D | 2024-09-06 | 2024-09-04 | VAL | Vukadin Davor | SVP, GC | F - Tax | $56.53 | -8,344 | 28.7K | -23% | -$471.7K |
| DM | 2024-09-06 | 2024-09-04 | VAL | Vukadin Davor | SVP, GC | M - OptEx | — | +16.1K | 22.1K | +265% | — |
| DM | 2024-09-06 | 2024-09-04 | VAL | Vukadin Davor | SVP, GC | M - OptEx | — | -16.1K | 0 | -100% | — |
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 | 2024-09-04 | A | A | 4,277 | $0.00 | 20,154 | D | — | — | |
| 2 | Common | Common Shares | 2024-09-04 | A | A | 867 | $0.00 | 21,021 | D | — | — | |
| 3 | Common | Common Shares | 2024-09-04 | F | D | 8,344 | $56.53 | 28,737 | D | — | — | |
| 4 | Common | Common Shares | 2024-09-04 | M | A | 14,968 | — | 37,081 | D | — | — | (F4) Represents the settlement of PSUs that were subject to vesting based on the Common Share's achievement of three designated share price hurdles, of which two share price hurdles were achieved. Thus, two-thirds of such PSUs vested on the Certification Date and the remaining one-third was forfeited. |
| 5 | Common | Common Shares | 2024-09-04 | M | A | 1,092 | — | 22,113 | D | — | — | (F3) Represents the settlement of PSUs that were subject to vesting based on the issuer's achievement of strategic goals during the July 1, 2022 through June 30, 2023 performance period, which were previously determined to be earned at 102% achievement but remained subject to service based vesting conditions through the Certification Date. |
| 6 | Derivative | Performance Share Units | 2024-09-04 | M | D | 14,968 | — | 0 | D | — · — to — | 14,968 Common Shares | (F4) Represents the settlement of PSUs that were subject to vesting based on the Common Share's achievement of three designated share price hurdles, of which two share price hurdles were achieved. Thus, two-thirds of such PSUs vested on the Certification Date and the remaining one-third was forfeited. |
| 7 | Derivative | Performance Share Units | 2024-09-04 | M | D | 1,092 | — | 0 | D | — · — to — | 1,092 Common Shares | (F3) Represents the settlement of PSUs that were subject to vesting based on the issuer's achievement of strategic goals during the July 1, 2022 through June 30, 2023 performance period, which were previously determined to be earned at 102% achievement but remained subject to service based vesting conditions through the Certification Date. |