Dibowitz Anton 4
Research Summary
AI-generated summary
Valaris (VAL) CEO Anton Dibowitz Withholds 2,332 Shares for Taxes
What Happened
- Anton Dibowitz, President & CEO and a director of Valaris Ltd (VAL), had 2,332 shares withheld on March 5, 2026 to cover tax withholding obligations arising upon settlement/vesting. The shares were valued at $90.59 each, for a total value of approximately $211,256. The transaction is reported as a disposal under code F (tax withholding).
Key Details
- Transaction date: 2026-03-05; withholding price: $90.59 per share; shares withheld: 2,332; total value ≈ $211,256.
- Transaction code: F (shares withheld to satisfy tax withholding).
- Footnote: The shares were withheld upon settlement/vesting to satisfy tax withholding; the issuer will pay the tax to the taxing authority in cash.
- Filing date: 2026-03-09 (reported within the typical SEC Form 4 filing window; appears timely).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This was not an open-market sale — it’s a routine withholding of shares to cover taxes related to vesting/settlement (often part of option exercises or restricted stock vesting). Such withholdings are administrative and don’t by themselves signal a change in insider sentiment.