Barron Melissa 4

What Happened

• Melissa Barron, Controller of Valaris Ltd (VAL), received an annual equity award of 8,673 restricted stock units (RSUs) on 2026-07-01. The grant is reported as an acquisition (award) with no cash price.
• On the same date, 735 shares were withheld (a disposition) at $72.46 per share to satisfy tax withholding obligations, totaling $53,258.

Key Details

• Transaction dates and prices:
  • 2026-07-01: Grant of 8,673 RSUs (report shows $0.00 acquisition price for the award).
  • 2026-07-01: 735 shares withheld at $72.46/share — proceeds/value shown as $53,258 (tax withholding).
• Vesting: The 8,673 RSUs vest in three equal installments on each of the first three anniversaries of the grant date (footnote).
• Tax withholding: The 735 shares were withheld upon vesting to cover tax obligations; the issuer will pay the withholding to the taxing authority in cash (footnote).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Report filed 2026-07-02 for transactions dated 2026-07-01 (no late filing indicated).

Context

• This filing reflects a routine equity compensation grant (RSUs) and associated tax withholding. Grants are common part of executive/employee compensation and do not necessarily signal a personal buy or sell decision.
• The withholding of shares to cover taxes is a standard administrative step when restricted awards vest (a form of cashless withholding), not an independent market sale.