Weber Christopher T 4

What Happened

• Christopher T. Weber, SVP and Chief Financial Officer of Valaris Ltd (VAL), received a grant of 379 restricted share units (RSUs) on April 7, 2026 (reported April 9, 2026). The grant was reported at $0.00 per share because these are equity awards rather than an open-market purchase. Separately, 50 shares were withheld upon vesting/settlement to cover tax withholding at $99.70 per share, resulting in $4,985 paid to satisfy tax obligations.

Key Details

• Transaction dates and amounts: Award (A) of 379 RSUs on 2026-04-07; tax withholding (F) of 50 shares on 2026-04-07 at $99.70/share (total $4,985).
• Vesting / true-up note: Footnote F1 says this grant is a true‑up due to an administrative error in March 2025; 127 RSUs vested upon the April 7, 2026 grant, and the remaining 126 RSUs vest on March 3, 2027 and 126 on March 3, 2028.
• Tax withholding: Footnote F2 states the 50 shares were withheld to satisfy tax withholding and the issuer will pay the cash tax to the appropriate authority.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filing date is April 9, 2026 for transactions on April 7, 2026 (no late filing indicated in the excerpt).

Context

• These RSUs are award/compensation, not an open-market purchase or sale. The 50-share withholding is a common cashless mechanism to cover tax liabilities upon vesting/settlement and does not necessarily indicate a discretionary sale by the insider. The grant is a corrective "true-up" to align RSU counts with amounts previously approved by the Compensation Committee and Board.