Valaris CEO receives share award, covers taxes

Valaris Ltd President & CEO Anton Dibowitz received 1,067 common shares as a stock award.

Rhea-AI Filing Summary

Valaris Ltd President & CEO Anton Dibowitz received 1,067 common shares as a stock award. The shares reflect a true-up to correct an administrative error in equity awards approved in March 2025, aligning issued restricted share units with amounts authorized by the Compensation Committee and Board.

As part of the vesting and settlement, 141 shares were withheld at $99.70 per share to cover tax obligations, with cash paid by Valaris to the tax authorities. Following these transactions, Dibowitz directly holds 254,607 common shares. The corrected award vests in tranches through March 2028.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Dibowitz Anton

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	1,067	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	141	$99.70	$14K

Holdings After Transaction: Common Shares — 254,607 shares (Direct)

Footnotes (2)

1. F1. 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: 356 restricted share units that would have vested on March 3, 2026 vested upon grant on April 7, 2026; 356 restricted share units will vest on March 3, 2027 and 355 restricted share units will vest on March 3, 2028.
2. F2. 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

Stock award: 1,067 common shares Tax withholding shares: 141 common shares Tax withholding price: $99.70 per share +4 more

7 metrics

Stock award 1,067 common shares Grant, award, or other acquisition to CEO on April 7, 2026

Tax withholding shares 141 common shares Shares withheld upon settlement or vesting for tax obligations

Tax withholding price $99.70 per share Value used for 141 shares withheld to satisfy tax obligations

Post-transaction holdings 254,607 common shares Direct holdings of Anton Dibowitz after reported transactions

Immediate vesting tranche 356 restricted share units Units that would have vested March 3, 2026 and vested on April 7, 2026

2027 vesting tranche 356 restricted share units Units scheduled to vest on March 3, 2027

2028 vesting tranche 355 restricted share units Units scheduled to vest on March 3, 2028

Key Terms

restricted share units, true-up award, Compensation Committee, tax withholding obligations, +1 more

5 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"

Compensation Committee financial

"previously approved by the Compensation Committee and the Board of Directors"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

tax withholding obligations financial

"to enable the reporting person to satisfy tax withholding obligations that arose"

settlement or vesting financial

"These shares were withheld upon settlement or vesting to enable the reporting person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Valaris (VAL) CEO Anton Dibowitz report in this Form 4?

Anton Dibowitz reported receiving 1,067 Valaris common shares as a stock award. The filing also shows 141 shares withheld to cover taxes and a resulting direct holding of 254,607 common shares after the award and tax withholding.

Why did Valaris (VAL) grant 1,067 additional restricted share units to its CEO?

Valaris granted 1,067 restricted share units as a true-up award after an administrative error in March 2025 caused fewer units to be issued than the Compensation Committee and Board had approved. This award aligns issued units with the originally authorized amounts.

How many Valaris (VAL) shares were withheld for taxes in this CEO award?

In connection with settlement or vesting of the award, 141 Valaris common shares were withheld at $99.70 per share. Valaris will pay the related tax withholding obligations in cash to the appropriate taxing authorities on behalf of Anton Dibowitz.

What are Anton Dibowitz’s Valaris (VAL) holdings after this Form 4 transaction?

After the award and tax withholding, Anton Dibowitz directly holds 254,607 Valaris common shares. This figure reflects the net position reported in the Form 4, including the 1,067-share grant and the 141 shares withheld for tax obligations.

How will the new Valaris (VAL) restricted share units for the CEO vest over time?

The corrected grant vests in three parts: 356 restricted share units that would have vested March 3, 2026 vested on April 7, 2026, while 356 units will vest March 3, 2027 and 355 units will vest March 3, 2028 under the disclosed schedule.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/09/2026 - 04:36 PM Learn about SEC filing dates

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)

BERMUDA

(Country)

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

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		1,067(1)	A	$0	254,748	D
Common Shares	04/07/2026		F		141(2)	D	$99.7	254,607	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: 356 restricted share units that would have vested on March 3, 2026 vested upon grant on April 7, 2026; 356 restricted share units will vest on March 3, 2027 and 355 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, by 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)