Valaris (NYSE: VAL) CFO receives true-up share award; 50 shares withheld for tax

Rhea-AI Filing Summary

Valaris Ltd SVP and CFO Christopher T. Weber reported routine equity compensation adjustments. He received 379 common shares at $0.00 per share as a grant that corrects an administrative error in prior restricted share unit awards.

The grant aligns his equity with amounts previously approved by the Compensation Committee and Board. As part of the same event, 50 common shares valued at $99.70 per share were withheld to cover tax obligations. After these transactions, he directly holds 62,433 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Weber Christopher T

Role SVP - CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	379	$0.00	--
Tax Withholding	Common Shares	50	$99.70	$5K

Holdings After Transaction: Common Shares — 62,483 shares (Direct)

Footnotes (1)

1. Due to an administrative error in the calculation of equity awards granted to executive officers in March 2025, fewer restricted share units were issued than were previously approved by the Compensation Committee and the Board of Directors. This grant represents a true-up award to align the number of restricted share units issued with the amounts originally approved. This grant will vest as follows: 127 restricted share units that would have vested on March 3, 2026 vested upon grant on April 7, 2026; 126 restricted share units will vest on March 3, 2027 and 126 restricted share units will vest on March 3, 2028. These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

Key Figures

Equity grant: 379 common shares Grant price: $0.00 per share Tax withholding shares: 50 common shares +5 more

8 metrics

Equity grant 379 common shares Grant/award acquisition on April 7, 2026

Grant price $0.00 per share Compensation-related share grant

Tax withholding shares 50 common shares Shares withheld to satisfy tax obligations

Withholding reference price $99.70 per share Value used for tax-withholding disposition

Post-transaction holdings 62,433 common shares Directly held after April 7, 2026 transactions

Accelerated vesting units 127 restricted share units Units that vested upon grant on April 7, 2026

Future vesting 2027 126 restricted share units Scheduled to vest on March 3, 2027

Future vesting 2028 126 restricted share units Scheduled to vest on March 3, 2028

Key Terms

restricted share units, true-up award, tax withholding obligations, settlement or vesting

4 terms

restricted share units financial

"fewer restricted share units were issued than were previously approved"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

true-up award financial

"This grant represents a true-up award to align the number of restricted share units"

tax withholding obligations financial

"to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting"

settlement or vesting financial

"These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations"

Form 4 Insider Transactions: What Each Field Means →

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^*

Weber Christopher T

(Last) (First) (Middle)

C/O 5847 SAN FELIPE

SUITE 3300

(Street)

HOUSTON TEXAS 77057

(City) (State) (Zip)

UNITED STATES

(Country)

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 - CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

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

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

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

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	04/07/2026		A		379(1)	A	$0	62,483	D
Common Shares	04/07/2026		F		50(2)	D	$99.7	62,433	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. Due to an administrative error in the calculation of equity awards granted to executive officers in March 2025, fewer restricted share units were issued than were previously approved by the Compensation Committee and the Board of Directors. This grant represents a true-up award to align the number of restricted share units issued with the amounts originally approved. This grant will vest as follows: 127 restricted share units that would have vested on March 3, 2026 vested upon grant on April 7, 2026; 126 restricted share units will vest on March 3, 2027 and 126 restricted share units will vest on March 3, 2028.

2. These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

Remarks:

	/s/ Andrew Campbell, power-of-attorney	04/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Valaris (VAL) CFO Christopher Weber report in this Form 4?

Valaris CFO Christopher Weber reported a routine equity adjustment. He received 379 common shares as a grant correcting an earlier restricted share unit miscalculation, and 50 shares were withheld to cover associated tax obligations, leaving him with 62,433 common shares held directly.

Why did Valaris (VAL) grant an additional 379 shares to its CFO?

Valaris granted 379 shares to its CFO as a true-up award. An earlier administrative error caused fewer restricted share units to be issued than the Compensation Committee and Board had approved, and this grant aligns his equity awards with the originally approved amounts.

How many Valaris (VAL) shares does the CFO hold after these transactions?

After the reported transactions, the Valaris CFO directly holds 62,433 common shares. This reflects the 379-share compensation grant and the withholding of 50 shares for taxes, as disclosed in the Form 4 filing’s post-transaction ownership figures.

What is the purpose of the 50 Valaris (VAL) shares withheld from the CFO?

The 50 shares were withheld solely to cover tax withholding obligations arising from settlement or vesting. Valaris will pay the corresponding cash amount to the taxing authorities, so this disposition is administrative rather than an open-market sale or discretionary trade.

How will the Valaris (VAL) CFO’s true-up restricted share units vest?

The true-up grant mirrors the original vesting schedule. 127 restricted share units that would have vested on March 3, 2026 vested upon grant on April 7, 2026, while 126 will vest on March 3, 2027 and another 126 on March 3, 2028.