Valaris (VAL) controller has 260 shares withheld for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valaris Ltd Controller Melissa Barron reported a tax-related share disposition. On the vesting of equity awards, 260 Common Shares were withheld at a price of $75.35 per share to cover tax withholding obligations. According to the filing, the issuer will pay the taxes in cash to the relevant authority. After this withholding, Barron directly owns 17,742 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Barron Melissa
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 260 | $75.35 | $20K |
Holdings After Transaction:
Common Shares — 17,742 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 260 shares
Withholding reference price: $75.35 per share
Shares held after transaction: 17,742 shares
3 metrics
Shares withheld for taxes
260 shares
Tax-withholding disposition on equity vesting
Withholding reference price
$75.35 per share
Price used for 260 withheld Common Shares
Shares held after transaction
17,742 shares
Direct Common Shares after tax withholding
Key Terms
tax withholding obligations, vesting, Common Shares, Payment of exercise price or tax liability by delivering securities
4 terms
tax withholding obligations financial
"to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting"
vesting financial
"These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did Valaris (VAL) Controller Melissa Barron report?
Melissa Barron reported a tax-withholding disposition of 260 Valaris Common Shares. These shares were withheld upon vesting of equity awards so the issuer can satisfy related tax obligations in cash with the appropriate taxing authority on her behalf.
Was Melissa Barron’s Valaris (VAL) transaction an open-market sale?
No, the transaction was not an open-market sale. The 260 shares were withheld by the issuer upon vesting to cover tax liabilities, a non-market mechanism that does not involve selling shares to other investors on an exchange.
What does the tax-withholding code F mean in the Valaris (VAL) Form 4?
Code F on the Form 4 indicates a tax-withholding disposition. It shows shares were delivered or withheld to satisfy tax or exercise-price obligations, with the issuer then paying the required cash amount to the relevant tax authority instead of an investor-initiated sale.