Valaris SVP Davor Vukadin Receives Award (221 RSUs)

What Happened

• Davor Vukadin, SVP & General Counsel of Valaris Ltd (VAL), received a grant of 221 restricted share units (RSUs) on April 7, 2026. The RSUs were granted at $0 per share (award) and represent a true‑up to align prior equity awards with amounts previously approved.
• Simultaneously, 30 shares were withheld upon settlement/vesting to satisfy tax withholding obligations at an effective price of $99.70 per share, totaling $2,991 paid to the taxing authority.

Key Details

• Transaction dates: April 7, 2026 (award and withholding); Form 4 filed April 9, 2026 (timely — within two business days).
• Award: 221 RSUs granted @ $0.00 (code A).
• Tax withholding: 30 shares withheld/disposed @ $99.70 = $2,991 (code F); issuer paid withholding tax in cash to the tax authority per the filing.
• Vesting schedule (footnote): 74 RSUs that would have vested on March 3, 2026 vested immediately upon the April 7 grant; 74 RSUs vest on March 3, 2027; 73 RSUs vest on March 3, 2028.
• Shares owned after the transaction: Not specified in the filing.

Context

• This filing reflects an equity award true‑up (not an open‑market purchase or sale). The 30 shares were withheld to cover taxes upon settlement/vesting rather than sold in the open market.
• Awards and withholding transactions are routine methods companies use to compensate executives and satisfy tax obligations; they do not, by themselves, indicate insider buying or selling sentiment.