Executive equity grant: Valaris (VAL) SVP-COO receives 4,992 share units

Rhea-AI Filing Summary

Luca Gilles reported acquisition or exercise transactions in this Form 4 filing.

Valaris Ltd senior vice president and COO Luca Gilles received an equity award in the form of 4,992 common share units. These were granted at no cash cost to him and are structured as restricted share units that vest in three equal installments on each of the first three anniversaries of the grant date.

Following this grant, Gilles directly owns 85,245 common shares of Valaris. The award further ties a portion of his compensation to the company’s long-term share performance through multi‑year vesting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Luca Gilles

(Last) (First) (Middle)

C/O 5847 SAN FELIPE

SUITE 3300

(Street)

HOUSTON TX 77057

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Valaris Ltd [ VAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP - COO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/02/2026		A		4,992(1)	A	$0	85,245	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Consists of a one-time grant of 4,992 restricted share units, which will vest in three equal installments on each of the first three anniversaries of the date of grant.

Remarks:

	/s/ Andrew Campbell, by power-of-attorney	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Valaris (VAL) report for Luca Gilles?

Valaris reported that SVP and COO Luca Gilles acquired 4,992 common share units as an equity award. These are restricted share units that vest over three years, further aligning his compensation with the company’s long-term share performance and shareholder interests.

How many Valaris (VAL) shares does Luca Gilles hold after this grant?

After the reported grant, Luca Gilles directly owns 85,245 Valaris common shares. This total includes the newly awarded 4,992 restricted share units, which are subject to vesting conditions over three years from the grant date before fully becoming unrestricted.

What are the terms of the 4,992 Valaris (VAL) restricted share units?

The 4,992 units are a one-time grant of restricted share units that will vest in three equal installments. Vesting occurs on each of the first three anniversaries of the grant date, encouraging long-term retention and ongoing alignment with Valaris’ multi‑year corporate objectives.

Did Luca Gilles pay cash for the new Valaris (VAL) share units?

No cash was paid for this award; the 4,992 Valaris share units were granted at a price per share of $0.0000. This reflects a typical equity compensation grant rather than an open‑market purchase of common shares by the executive.

Is the Valaris (VAL) insider transaction a purchase or an equity award?

The transaction is classified as a grant or award acquisition, not an open‑market share purchase. The filing specifies it as an award of restricted share units to Luca Gilles, tied to a vesting schedule rather than an immediate cash investment in Valaris stock.