Baksht Jonathan 4
4 · Valaris Ltd · Filed Jul 21, 2021
Insider Transaction Report
Form 4
Valaris LtdVAL
Baksht Jonathan
Senior Vice President & CFO
Transactions
- Award
Common Shares
2021-07-19+43,695→ 43,695 total - Award
Performance Share Units
2021-07-19+183,510→ 183,510 total→ Common Shares (183,510 underlying)
Footnotes (2)
- [F1]Consists of a one-time grant of 43,695 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 183,510 share price based performance share units, of which 61,170 will vest upon the Company's achievement of a $45 closing share price, 61,170 will vest upon the Company's achievement of a $55 closing share price, and 61,170 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days