Burke Thomas Peter 4
4 · Valaris plc · Filed Mar 2, 2020
Insider Transaction Report
Form 4
Valaris plcVAL
Burke Thomas Peter
DirectorCEO and President
Transactions
- Tax Payment
Class A Ordinary Shares
2020-02-27$3.05/sh−12,011$36,634→ 740,716 total - Award
Restricted Share Units
2020-02-27+466,704→ 466,704 total→ Class A Ordinary Shares (466,704 underlying) - Tax Payment
Class A Ordinary Shares
2020-03-01$3.69/sh−3,650$13,469→ 737,066 total
Footnotes (5)
- [F1]These shares were withheld upon vesting of restricted share units to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.
- [F2]Includes 429,361 restricted share units held by the reporting person.
- [F3]Includes 420,087 restricted share units held by the reporting person.
- [F4]Each restricted share unit represents the economic equivalent of one Valaris Class A ordinary share. The restricted share units vest in three equal annual installments beginning on the first anniversary of the grant date.
- [F5]On February 27, 2020, the reporting person was granted 466,704 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.