Vukadin Davor 4

What Happened
Davor Vukadin, SVP & General Counsel of Valaris Ltd (VAL), had 479 shares withheld upon settlement/vesting to satisfy tax withholding obligations. The shares were valued at $90.59 each, for a total of $43,393. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-05; filing date: 2026-03-09 (filed timely: within 2 business days).
• Price used for withholding: $90.59 per share.
• Shares withheld/disposed: 479 shares; aggregate value: $43,393.
• Shares owned after transaction: Not specified in the provided Form 4 data.
• Footnote: F1 — shares were withheld upon settlement/vesting to satisfy tax withholding obligations; issuer will pay the tax in cash to the taxing authority.
• Transaction type code: F (tax withholding/cashless share surrender).

Context
Tax-withholding share surrenders are routine when equity awards vest; they reduce the number of shares issued to the insider but do not represent an intentional market sale that signals sentiment. This transaction reflects withholding to cover taxes owed on vested compensation, not a discretionary sale or purchase.