Burke Thomas Peter 4
4 · Valaris Ltd · Filed Jul 21, 2021
Insider Transaction Report
Form 4
Valaris LtdVAL
Burke Thomas Peter
DirectorCEO and President
Transactions
- Award
Common Shares
2021-07-19+115,047→ 115,047 total - Award
Performance Share Units
2021-07-19+483,194→ 483,194 total→ Common Shares (483,194 underlying)
Footnotes (2)
- [F1]Consists of a one-time grant of 115,047 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, with settlement of all vested restricted stock units generally deferred until the third anniversary of the date of grant.
- [F2]Consists of a one-time grant of up to 483,194 share price based performance share units, of which 161,064 will vest upon the Company's achievement of a $45 closing share price, 161,065 will vest upon the Company's achievement of a $55 closing share price, and 161,065 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days