FAGERSTAL DICK 4

What Happened

• Dick Fagerstal, a director of Valaris Ltd (VAL), received a grant of 2,391 restricted stock units (RSUs) on 2026-06-10. The filing lists an acquisition price of $0.00 (derivative award), so no cash was paid by the insider.
• The Form 4 reports this as an award/grant (transaction code A). The grant represents the recipient's annual equity retainer and will convert to shares or cash per the terms below when vested.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (filed within typical 2-business-day SEC window).
• Award: 2,391 restricted stock units; reported price $0.00; transaction code A (Grant/Award).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnote: Each RSU equals the right to one Valaris common share, or the cash value thereof (or a mix), per the grant agreement. The 2,391 RSUs are the director’s annual equity retainer and vest in full on the earlier of the first anniversary of the grant or the next annual shareholders’ meeting.
• No indication of a 10b5-1 plan, tax withholding, or cashless sale in this filing.

Context

• RSU grants are a common form of non-cash compensation for directors and do not reflect an immediate purchase or sale of stock; they become actual shares (or cash) only after vesting. This award is routine compensation rather than an active buy/sell signal.