Deepak Munganahalli - 15 Jun 2021 Form 4 Insider Report for Valaris Ltd (VAL)

Role: Director
Signature: /s/ Davor S. Vukadin, by power-of-attorney
Issuer symbol: VAL
Transactions as of: 15 Jun 2021
Transactions value $: $0
Form type: 4
Filing time: 17 Jun 2021, 16:56:17 UTC
Previous filing: 10 May 2021
Next filing: 13 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAL	Common Shares	Award	$0	+22K		$0.00	22K	15 Jun 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of a one-time grant of 14,823 restricted stock units awarded in connection with the Company's emergence from chapter 11, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, and 7,200 restricted stock units, representing the recipients annual equity retainer, which will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Company's shareholders.

Content

Consists of a one-time grant of 14,823 restricted stock units awarded in connection with the Company's emergence from chapter 11, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, and 7,200 restricted stock units, representing the recipients annual equity retainer, which will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Company's shareholders.