4//SEC Filing
ROWSEY PAUL E III 4
Accession 0000314808-20-000118
CIK 0000314808other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:52 PM ET
Size
9.1 KB
Accession
0000314808-20-000118
Insider Transaction Report
Form 4
Valaris plcVAL
ROWSEY PAUL E III
Director
Transactions
- Disposition to Issuer
Restricted Share Units
2020-06-03−22,806→ 0 total→ Class A Ordinary Shares (22,806 underlying) - Tax Payment
Class A Ordinary Shares
2020-06-03$0.35/sh−2,350$823→ 57,426 total - Exercise/Conversion
Class A Ordinary Shares
2020-06-03+22,806→ 59,776 total
Footnotes (3)
- [F1]The restricted share units convert into Class A ordinary shares on a one-for-one basis upon vesting, and the reporting person is required to pay the aggregate nominal value (par value), $0.40 per share, of our Class A ordinary shares actually issued in accordance with U.K. corporate law. In connection with the transaction reported above, the reporting person paid $8,182.40 to Valaris plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 2,350 shares were withheld and not issued to satisfy certain tax withholding obligations
- [F2]These shares were withheld upon vesting 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.
- [F3]On June 3, 2019, the reporting person was granted 22,806 restricted share units, vesting on the first anniversary of the grant date.
Documents
Issuer
Valaris plc
CIK 0000314808
Entity typeother
Related Parties
1- filerCIK 0001184169
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:52 PM ET
- Size
- 9.1 KB