Valaris director exercises RSUs, holds 43,019 shares
Valaris director Elizabeth Leykum reported equity compensation changes involving common shares and restricted stock units.
Rhea-AI Filing Summary
Valaris director Elizabeth Leykum reported equity compensation changes involving common shares and restricted stock units. On June 10, 2026, she exercised 6,978 restricted stock units into common shares, then 2,792 of those shares were disposed back to the issuer at $88.98 per share as a cash settlement under her award agreement.
She also received a new grant of 2,849 restricted stock units as part of her annual equity retainer, which will vest in full on the earlier of the first anniversary of the grant date or the next annual shareholders’ meeting. Following these transactions, she directly holds 43,019 Valaris common shares and 2,849 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,978 shares exercised/converted
Exercise
4 txns
Insider
LEYKUM ELIZABETH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,978 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,849 | $0.00 | $0.00 |
| Exercise | Common Shares | 6,978 | $0.00 | $0.00 |
| Disposition | Common Shares | 2,792 | $88.98 | $248K |
Holdings After Transaction:
Restricted Stock Units — 2,849 contracts (Direct);
Common Shares — 43,019 shares (Direct)
Footnotes (3)
- F1. Represents the portion of restricted stock units that were cash settled in accordance with the terms of the reporting person's equity award agreement.
- F2. Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash, in accordance with the grant agreements and at the election of the reporting person.
- F3. Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash, in accordance with the grant agreements and at the election of the reporting person. Consists of 2,849 restricted stock units, representing the recipient's annual equity retainer, which will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Company's shareholders.
Key Figures
Shares disposed to issuer: 2,792 shares at $88.98/share
Shares acquired via RSU exercise: 6,978 shares
Common shares held after transactions: 43,019 shares
+2 more
5 metrics
Shares disposed to issuer
2,792 shares at $88.98/share
Disposition to issuer on June 10, 2026
Shares acquired via RSU exercise
6,978 shares
Exercise or conversion of derivative security on June 10, 2026
Common shares held after transactions
43,019 shares
Direct ownership following June 10, 2026 transactions
New RSU grant
2,849 restricted stock units
Annual equity retainer granted on June 10, 2026
RSUs remaining after exercise
0 units from exercised grant
Previously outstanding 6,978 RSUs fully exercised
Key Terms
Restricted Stock Units, Disposition to issuer, derivative security, annual equity retainer
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units"; each unit represents the right to receive one Valaris common share, the cash value thereof, or a combination"
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.
Disposition to issuer financial
"transaction_code "D" is described as "Disposition to issuer" for 2,792 common shares"
derivative security financial
"transaction_code "M" is described as "Exercise or conversion of derivative security" for 6,978 units"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
annual equity retainer financial
"Consists of 2,849 restricted stock units, representing the recipient's annual equity retainer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did Valaris (VAL) director Elizabeth Leykum report?
Elizabeth Leykum exercised restricted stock units and settled part in cash. She converted 6,978 restricted stock units into common shares, then 2,792 shares were returned to Valaris for cash, and she received a new grant of 2,849 restricted stock units as her annual equity retainer.
What new restricted stock unit grant did Elizabeth Leykum receive from Valaris (VAL)?
She received 2,849 new restricted stock units as an annual equity retainer. Each unit represents the right to receive one Valaris common share, its cash value, or a combination, and the award will vest fully on the earlier of the first anniversary or the next annual shareholder meeting.
Were Elizabeth Leykum’s Valaris (VAL) transactions open-market stock sales or routine equity settlements?
The transactions were routine equity compensation events, not open-market sales. Shares were acquired through restricted stock unit exercises and partially settled in cash via a disposition to the issuer under her award terms, rather than being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
