Lyne Matthew 4

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.