4//SEC Filing
Lyne Matthew 4
Accession 0000314808-24-000135
CIK 0000314808other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 4:48 PM ET
Size
16.2 KB
Accession
0000314808-24-000135
Insider Transaction Report
Form 4
Valaris LtdVAL
Lyne Matthew
SVP - CCO
Transactions
- Tax Payment
Common Shares
2024-09-04$56.53/sh−28,406$1,605,791→ 50,388 total - Exercise/Conversion
Performance Share Units
2024-09-04−3,109→ 0 total→ Common Shares (3,109 underlying) - Exercise/Conversion
Common Shares
2024-09-04+3,109→ 36,126 total - Award
Common Shares
2024-09-04+12,191→ 30,548 total - Award
Common Shares
2024-09-04+2,469→ 33,017 total - Exercise/Conversion
Common Shares
2024-09-04+42,668→ 78,794 total - Exercise/Conversion
Performance Share Units
2024-09-04−42,668→ 0 total→ Common Shares (42,668 underlying)
Footnotes (5)
- [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 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.
- [F5]These Common 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.
Documents
Issuer
Valaris Ltd
CIK 0000314808
Entity typeother
Related Parties
1- filerCIK 0001946778
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 4:48 PM ET
- Size
- 16.2 KB