Valaris (NYSE: VAL) controller awarded 8,673 RSUs; 735 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valaris Ltd controller Melissa Barron reported routine equity compensation activity involving company common shares. She received an annual grant of 8,673 restricted stock units, which will vest in three equal installments on each of the first three anniversaries of the grant date. When a portion of prior awards vested, 735 shares were withheld at a value of $72.46 per share to cover tax withholding obligations, with cash paid by Valaris to the tax authorities. Following these transactions, Barron directly holds 18,737 common shares of Valaris.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barron Melissa
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 8,673 | $0.00 | -- |
| Tax Withholding | Common Shares | 735 | $72.46 | $53K |
Holdings After Transaction:
Common Shares — 18,737 shares (Direct, null)
Footnotes (1)
- Consists of an annual equity grant of 8,673 restricted stock units, which will vest in three equal installments on each of the first three anniversaries of the date of grant. 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.
Key Figures
RSU grant size: 8,673 units
Tax withholding shares: 735 shares
Withholding reference price: $72.46 per share
+2 more
5 metrics
RSU grant size
8,673 units
Annual equity grant of restricted stock units
Tax withholding shares
735 shares
Shares withheld on vesting to cover tax obligations
Withholding reference price
$72.46 per share
Value used for shares withheld for taxes
Shares held after grant
18,737 shares
Total Valaris common shares directly held after transactions
Vesting schedule
3 equal installments
RSUs vest on each of the first three anniversaries of grant
Key Terms
restricted stock units, vest, tax withholding obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Consists of an annual equity grant of 8,673 restricted stock units, which will vest..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"which will vest in three equal installments on each of the first three anniversaries..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
tax withholding obligations financial
"These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations..."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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 transactions did Valaris (VAL) controller Melissa Barron report?
Melissa Barron reported an annual equity grant of 8,673 restricted stock units and the withholding of 735 common shares to cover tax obligations upon vesting. These are compensation-related, non‑market transactions rather than open‑market share purchases or sales.
What are the terms of Melissa Barron’s 8,673 Valaris (VAL) restricted stock units?
The 8,673 restricted stock units are an annual equity grant that will vest in three equal installments. Vesting occurs on each of the first three anniversaries of the grant date, subject to the continued satisfaction of any applicable service or plan conditions described by Valaris.
Were any of Melissa Barron’s Valaris (VAL) transactions open‑market buys or sells?
No open‑market buys or sells were reported. The Form 4 shows an award of 8,673 restricted stock units and a disposition of 735 shares specifically withheld to cover tax obligations upon vesting, with cash remitted by Valaris to taxing authorities.