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Valaris (NYSE: VAL) director receives 2,391 RSUs as annual equity retainer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FAGERSTAL DICK reported acquisition or exercise transactions in this Form 4 filing.

Valaris Ltd director Dick Fagerstal received a grant of 2,391 restricted stock units as part of his annual equity retainer. Each unit represents the right to receive one Valaris common share, cash equal to its value, or a mix of both, at his election. The award will vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders, so it functions as stock-based compensation rather than an open-market share purchase.

Positive

  • None.

Negative

  • None.
Insider FAGERSTAL DICK
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,391 $0.00 --
Holdings After Transaction: Restricted Stock Units — 2,391 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 2,391 units Annual equity retainer grant to director
Underlying common shares 2,391 shares Each RSU represents one Valaris common share equivalent
Grant price $0.00 per unit Equity compensation award, not an open-market purchase
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash"
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.
annual equity retainer financial
"Consists of 2,391 restricted stock units, representing the recipient's annual equity retainer"
vest in full financial
"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"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
FAGERSTAL DICK
(Last)(First)(Middle)
C/O CLARENDON HOUSE
2 CHURCH STREET
(Street)
HAMILTONHM 11
(City)(State)(Zip)
BERMUDA
(Country)		2. Issuer Name and Ticker or Trading Symbol
Valaris Ltd [ VAL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/10/2026A2,391 (1) (1)Common Shares2,391$02,391D
Explanation of Responses:
1. 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 2,391 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.
Remarks:
/s/ Andrew Campbell, power-of-attorney06/12/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Valaris (VAL) director Dick Fagerstal report on this Form 4?

Dick Fagerstal reported receiving 2,391 restricted stock units as equity compensation. These units are part of his annual equity retainer as a director and are not an open-market stock purchase or sale, but a grant from Valaris tied to continued service.

How many restricted stock units did the Valaris (VAL) director receive?

The director received 2,391 restricted stock units. Each unit represents the right to receive one Valaris common share, its cash value, or a combination, according to the grant terms and his election, providing equity-linked compensation rather than immediate share ownership.

When do Dick Fagerstal’s Valaris (VAL) restricted stock units vest?

The 2,391 restricted stock units will vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of Valaris shareholders. Vesting ties the award to a period of continued board service before the units settle.

Does this Valaris (VAL) Form 4 reflect a stock purchase or sale by the director?

No, the Form 4 reflects a grant of restricted stock units, not an open-market purchase or sale. The transaction code is “A” for an award, meaning the director acquired the units as compensation rather than buying or selling existing Valaris shares.

What does each Valaris (VAL) restricted stock unit represent for the director?

Each restricted stock unit represents the right to receive one Valaris common share, the cash value of one share, or a mix of shares and cash. Settlement follows the grant agreements and the director’s election once the award vests in full.