What are the vesting terms of the Valaris (VAL) CEO’s 14,037-share award?

The CEO’s 14,037-share award consists of restricted share units that vest in three equal installments. Vesting occurs on each of the first three anniversaries of the grant date, meaning the award fully vests over a three-year period, subject to continued service conditions.

Valaris CEO awarded 14,037 restricted shares

Valaris Ltd reported that President and CEO Anton Dibowitz acquired 14,037 common shares on a grant or award basis, at a price of $0.00 per share.

Accepted by SEC EDGAR 03/04/2026 - 08:30 PM EST

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Form Type

Rhea-AI Filing Summary

Valaris Ltd reported that President and CEO Anton Dibowitz acquired 14,037 common shares on a grant or award basis, at a price of $0.00 per share. The award is structured as restricted share units that will vest in three equal installments on each of the first three anniversaries of the grant date. Following this equity award, Dibowitz holds a total of 259,418 common shares directly.

Insider Trade Summary

Grant/Award: 14,037 shares

Grant/Award 1 txn

Insider Dibowitz Anton

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	14,037	$0.00	$0.00

Holdings After Transaction: Common Shares — 259,418 shares (Direct)

Footnotes (1)

F1. Consists of a one-time grant of 14,037 restricted share units, which will vest in three equal installments on each of the first three anniversaries of the date of grant.

FAQ

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What insider transaction did Valaris (VAL) report for Anton Dibowitz?

Valaris reported that President and CEO Anton Dibowitz received a grant of 14,037 common shares at $0.00 per share. The award was made as restricted share units and increases his directly held position to 259,418 common shares after the transaction.

Was the Valaris (VAL) CEO’s Form 4 transaction a purchase or a grant?

The Form 4 transaction for Valaris CEO Anton Dibowitz was a grant or award acquisition, not an open-market purchase. He received 14,037 restricted share units at no cost, reflecting equity-based compensation rather than a cash-funded share purchase in the market.

How many Valaris (VAL) shares does the CEO own after this Form 4 filing?

After the reported equity award, Valaris CEO Anton Dibowitz directly owns 259,418 common shares. This total includes the newly granted 14,037 restricted share units that were added through the one-time grant disclosed in the Form 4 filing.

What does transaction code "A" mean in the Valaris (VAL) Form 4?

In this Valaris Form 4, transaction code “A” indicates a grant, award, or other acquisition of securities. Here it refers specifically to a one-time grant of 14,037 restricted share units to CEO Anton Dibowitz as part of his equity compensation package.

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Form 4 Insider Transactions: What Each Field Means →

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Dibowitz Anton

(Last)

(First)

(Middle)

C/O CLARENDON HOUSE

2 CHURCH STREET

(Street)

HAMILTON

HM 11

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President & CEO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	03/02/2026		A		14,037⁽¹⁾	A	$0	259,418	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Consists of a one-time grant of 14,037 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR