Valaris director granted 1,984 RSUs and settles awards
Valaris Ltd director Kristian Johansen reported routine equity compensation and related adjustments involving the company’s common shares and restricted stock units on June 10, 2026.
Rhea-AI Filing Summary
Valaris Ltd director Kristian Johansen reported routine equity compensation and related adjustments involving the company’s common shares and restricted stock units on June 10, 2026.
He received 1,984 restricted stock units (RSUs) as his annual equity retainer, which will vest in full on the earlier of the first anniversary of the grant date or the next annual shareholder meeting. Johansen also exercised 4,860 RSUs into an equivalent number of common shares, while 1,944 RSUs were cash settled and returned to the issuer at $88.98 per share in line with his award agreement. Following these transactions, he directly holds 7,564 common shares. All movements reflect compensation and internal settlements rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,860 shares exercised/converted
Exercise
4 txns
Insider
Johansen Kristian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,860 | $0.00 | $0.00 |
| Exercise | Common Shares | 4,860 | $0.00 | $0.00 |
| Disposition | Common Shares | 1,944 | $88.98 | $173K |
| Grant/Award | Common Shares | 1,984 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Shares — 9,548 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. Consists of 1,984 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.
- 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.
Key Figures
Annual RSU grant: 1,984 RSUs
RSUs exercised: 4,860 RSUs
Cash-settled shares: 1,944 shares at $88.98
+2 more
5 metrics
Annual RSU grant
1,984 RSUs
Director annual equity retainer, vests by next meeting or first anniversary
RSUs exercised
4,860 RSUs
Exercised into 4,860 Valaris common shares on June 10, 2026
Cash-settled shares
1,944 shares at $88.98
Disposition to issuer tied to RSU cash settlement
Post-transaction common shares
7,564 shares
Common shares directly held after reported transactions
RSU settlement rate
1 share per RSU
Each RSU equals one Valaris common share or its cash value
Key Terms
Restricted Stock Units, annual equity retainer, disposition to issuer, exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"Represents the portion of restricted stock units that were cash settled in accordance with the terms..."
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 1,984 restricted stock units, representing the recipient's annual equity retainer..."
disposition to issuer financial
"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""
exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
election of the reporting person financial
"in accordance with the grant agreements and at the election of the reporting person."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Valaris (VAL) director Kristian Johansen receive in this Form 4 filing?
Kristian Johansen received 1,984 restricted stock units (RSUs) as his annual equity retainer. These RSUs vest on the earlier of the first anniversary of the grant date or the next Valaris shareholder meeting, providing him with additional equity-linked compensation.
How many Valaris (VAL) restricted stock units did Kristian Johansen exercise into shares?
Johansen exercised 4,860 restricted stock units into an equivalent number of Valaris common shares. Each RSU represents the right to receive one common share, its cash value, or a mix, according to the grant agreements and his election.
Are the Valaris (VAL) Form 4 transactions open-market trades by Kristian Johansen?
No, the transactions are primarily equity compensation events: an RSU grant, RSU exercises into common shares, and a cash settlement to the issuer. The filing does not report any open-market purchases or sales under transaction codes P or S.
How do the Valaris (VAL) RSUs in this filing work for Kristian Johansen?
Each restricted stock unit represents the right to receive one Valaris common share, its cash value, or a combination, per the grant agreements. Settlement form is elected by Johansen, enabling either share delivery, cash payment, or a mix when the RSUs vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
