4//SEC Filing
Dibowitz Anton 4
Accession 0000314808-24-000130
CIK 0000314808other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 4:45 PM ET
Size
20.1 KB
Accession
0000314808-24-000130
Insider Transaction Report
Form 4
Valaris LtdVAL
Dibowitz Anton
DirectorPresident & CEO
Transactions
- Award
Common Shares
2024-09-04+13,148→ 214,953 total - Award
Common Shares
2024-09-04+97,391→ 201,805 total - Exercise/Conversion
Common Shares
2024-09-04+16,557→ 248,067 total - Exercise/Conversion
Performance Share Units
2024-09-04−340,866→ 0 total→ Common Shares (340,866 underlying) - Tax Payment
Common Shares
2024-09-04$56.53/sh−190,659$10,777,953→ 398,274 total - Exercise/Conversion
Common Shares
2024-09-04+16,557→ 231,510 total - Exercise/Conversion
Common Shares
2024-09-04+340,866→ 588,933 total - Exercise/Conversion
Performance Share Units
2024-09-04−16,557→ 0 total→ Common Shares (16,557 underlying) - Exercise/Conversion
Performance Share Units
2024-09-04−16,557→ 0 total→ Common Shares (16,557 underlying)
Footnotes (6)
- [F1]Represents the settlement of performance share units ("PSUs") that were subject to vesting based on the issuer's achievement of relative return on capital employed metrics, which vested at 100% achievement on September 4, 2024 upon the certification of such achievement by the issuer's Compensation Committee of the Board of Directors (the "Certification Date"). Each PSU was settled with the issuance of one share of the issuer's common shares, par value $0.01 per shares (the "Common Shares").
- [F2]Represents the settlement of PSUs that were subject to vesting based on the issuer's achievement of strategic goals during the July 1, 2023 through June 30, 2024 performance period, which vested at 81% achievement on the Certification Date.
- [F3]Represents the settlement of PSUs that were subject to vesting based on the issuer's achievement of strategic goals during the July 1, 2022 through June 30, 2023 performance period, which were previously determined to be earned at 102% achievement but remained subject to service based vesting conditions through the Certification Date.
- [F4]Represents the settlement of PSUs that were subject to vesting based on the issuer's achievement of strategic goals during the July 1, 2021 through June 30, 2022 performance period, which were previously determined to be earned at 102% achievement but remained subject to service based vesting conditions through the Certification Date.
- [F5]Represents the settlement of PSUs that were subject to vesting based on the Common Share's achievement of three designated share price hurdles, of which two share price hurdles were achieved. Thus, two-thirds of such PSUs vested on the Certification Date and the remaining one-third was forfeited.
- [F6]These Common Shares were withheld upon the settlement of the PSUs noted above to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement, which will be paid by the issuer to the appropriate taxing authority in cash.
Documents
Issuer
Valaris Ltd
CIK 0000314808
Entity typeother
Related Parties
1- filerCIK 0001869594
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 4:45 PM ET
- Size
- 20.1 KB