Form 4 for VAL Valaris Ltd

Accepted 2023-06-09 00:00:00 ET · period of report 2023-06-08 · accession 0000902664-23-003508 · 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
I	2023-06-09	2023-06-08	VAL	OAK HILL ADVISORS LP	10%	A - Grant	—	+2,926	28.0K	+12%	—

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, $0.01 par value per share ("Common Shares")	2023-06-08	A	A	2,926	—	28,017	I See footnotes	—	—	(F1) Consists of a grant of 2,926 restricted stock units to Mr. Joseph Goldschmid ("Mr. Goldschmid"), an employee of Oak Hill Advisors, L.P. ("OHA", or the "Reporting Person") and a member of the board of directors of the Issuer, which represent Mr. Goldschmid's annual equity retainer. These restricted stock units will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Issuer's shareholders. Mr. Goldschmid has separately reported this grant on his own Form 4 as well. (F3) OHA acts (directly or through an affiliate) as investment adviser to certain funds and client accounts (together, the "Oak Hill Advisory Entities"), with respect to the Common Shares directly held by the Oak Hill Advisory Entities. OHA is a subsidiary business of T. Rowe Price Associates, Inc. ("TRP"). OHA's beneficial ownership does not include any shares that may be beneficially owned by TRP. OHA disclaims beneficial ownership of the Common Shares held by the Oak Hill Advisory Entities beyond its respective pecuniary interest therein, if any, for purposes of Section 16 under the Securities Exchange Act of 1934, as amended. (F2) Pursuant to the policies of OHA, the restricted stock units received by Mr. Goldschmid are held for the benefit of certain OHA clients.