Luca Gilles 4

What Happened

• Luca Gilles, Senior Vice President and Chief Operating Officer of Valaris Ltd (VAL), had 830 shares withheld upon settlement/vesting to satisfy tax withholding obligations. The withholding is recorded as a disposition at $90.59 per share, totaling roughly $75,190.
• This was a tax-withholding/cashless withholding transaction (not an open-market sale).

Key Details

• Transaction date: 2026-03-05; Price: $90.59 per share; Shares withheld/disposed: 830; Total value: ~$75,190.
• Filing date: 2026-03-09 (report covers 2026-03-05) — appears to be filed within the standard two-business-day window.
• Shares owned after the transaction: not specified in the filing.
• Footnote: The shares were withheld upon settlement/vesting to satisfy tax withholding obligations; the issuer will pay the cash amount to the appropriate taxing authority on behalf of the reporting person.

Context

• This is a routine tax-withholding event tied to vesting/settlement of equity and should not be interpreted as an open-market sale indicating a change in investment view. It reflects withholding to cover taxes rather than a decision to monetize holdings.