Anton Dibowitz - 19 Jul 2022 Form 4 Insider Report for Valaris Ltd (VAL)

Role: President & CEO, Director
Signature: /s/ Davor Vukadin, by power-of-attorney
Issuer symbol: VAL
Transactions as of: 19 Jul 2022
Net transactions value: -$48,760
Form type: 4
Filing time: 21 Jul 2022, 17:59:46 UTC
Previous filing: 17 Jun 2022
Next filing: 14 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAL	Common Shares	Tax liability	$48,760	-1,143	-0.96%	$42.66	118,204	19 Jul 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VAL	Performance Share Units	Award	$0	+16,557		$0.000000	16,557	19 Jul 2022	Common Shares	16,557		Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.
F2	Consists of 16,557 performance share units for which the applicable performance criteria were determined to be satisfied on July 19th that remain subject to service based vesting conditions through the date following June 30, 2024 that the Company certifies the final number of earned performance share units under this award.