Valaris (VAL) CFO Weber reports tax-withholding disposition of common shares
Rhea-AI Filing Summary
Valaris Ltd senior vice president and CFO Christopher T. Weber reported a small share disposition related to tax withholding. On settlement or vesting of awards, 1,193 common shares were withheld at a price of $90.63 per share to cover tax obligations, which the issuer will pay in cash to the tax authorities. After this tax-withholding disposition, Weber directly holds 62,934 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,193 shares
Net Sell
1 txn
Insider
Weber Christopher T
Role
SVP - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 1,193 | $90.63 | $108K |
Holdings After Transaction:
Common Shares — 62,934 shares (Direct)
Footnotes (1)
- F1. 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.
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FAQ
What insider transaction did Valaris (VAL) CFO Christopher Weber report?
Christopher T. Weber reported a tax-withholding disposition of 1,193 Valaris common shares. The shares were withheld upon settlement or vesting of awards to satisfy tax obligations, rather than sold in an open-market transaction.
Was the Valaris (VAL) CFO’s Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition coded “F,” not an open-market sale. Shares were withheld upon settlement or vesting so the issuer can pay the resulting tax liability in cash to the taxing authority.