Lyne Matthew 4
4 · Valaris Ltd · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Valaris (VAL) SVP Lyne Matthew Withholds 991 Shares for Taxes
What Happened
- Lyne Matthew, SVP and Chief Commercial Officer (CCO) of Valaris Ltd (VAL), had 991 shares withheld upon settlement/vesting to satisfy tax withholding obligations. The shares were recorded at $90.59 each, for a total value of $89,775. This was a tax-withholding disposition (routine), not an open-market sale or purchase.
Key Details
- Transaction date and price: 2026-03-05, 991 shares at $90.59 each (total $89,775).
- Transaction code: F — shares withheld to cover tax withholding on settlement/vesting.
- Footnote: F1 indicates the shares were withheld upon settlement/vesting and the issuer will pay the withholding amount in cash to the taxing authority.
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Reported on Form 4 filed 2026-03-09. This filing appears timely (filed within the required two business days following the March 5 transaction).
Context
- Tax-withholding dispositions are routine when equity awards vest and do not, by themselves, indicate insider confidence or a trading intent. This was a cashless/withholding action to satisfy taxes rather than a discretionary sale or purchase.
Insider Transaction Report
Form 4
Valaris LtdVAL
Lyne Matthew
SVP - CCO
Transactions
- Tax Payment
Common Shares
[F1]2026-03-05$90.59/sh−991$89,775→ 33,333 total
Footnotes (1)
- [F1]These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting, which will be paid by the issuer to the appropriate taxing authority in cash.
Signature
/s/ Andrew Campbell, power-of-attorney|2026-03-09