Valaris Limited SEC filings document the company's offshore drilling fleet, contract activity and public-company reporting obligations. Form 8-K disclosures include Regulation FD fleet status reports, material-event updates, material agreements, operating and financial results, and capital-structure information.
The filing record also covers proxy and governance matters, shareholder voting items, risk-factor disclosures and registered securities, including common shares and warrants. These disclosures relate to Valaris's fleet of drillships, semisubmersibles and jackups, as well as its broader contract drilling and rig management activities.
Valaris Limited asks shareholders to elect six incumbent directors, approve 2025 executive pay on an advisory basis, and ratify KPMG as auditor, while highlighting strong 2025 performance and a pending all‑stock combination with Transocean.
For 2025, Valaris generated net income of $979.1 million, Adjusted EBITDA of $642.2 million, cash from operating activities of $546.2 million and Adjusted Free Cash Flow of $340.6 million. The company achieved fleet revenue efficiency of 96% for the fifth consecutive year, secured about $2.6 billion of contract backlog in 2025 plus roughly $900 million early in 2026, and expects all ten active drillships to be working as it enters 2027.
Valaris repurchased $100 million of shares, or about 2.0 million shares, and sold three semisubmersibles and four jackups for over $130 million, improving its asset base and liquidity. Governance features include an independent chair, an 83% independent board, fully independent key committees, strong share‑ownership guidelines and a 2025 say‑on‑pay result with 95% support.
Valaris Ltd reported that SVP & General Counsel Davor Vukadin received an equity compensation adjustment tied to previously approved restricted share units. He acquired 221 common shares on April 7, 2026 as a grant to correct an earlier administrative under-allocation of awards.
According to the filing, 74 restricted share units that had been scheduled to vest on March 3, 2026 instead vested upon grant on April 7, 2026, while 74 units are scheduled to vest on March 3, 2027 and 73 units on March 3, 2028. After these transactions, he directly holds 19,707 common shares.
The filing also shows 30 shares were withheld at a price of $99.70 per share to satisfy tax withholding obligations arising from the settlement or vesting of the awards, with the issuer paying the related taxes in cash to the appropriate authorities.
Valaris Ltd SVP and CCO Matthew Lyne received a grant of 379 common shares on April 7, 2026 as a true-up equity award correcting an earlier administrative shortfall in restricted share units. Of these, 127 vested immediately, while 126 will vest on March 3, 2027 and 126 on March 3, 2028. To cover related tax obligations, 60 shares were withheld at a price of $99.70 per share, leaving Lyne with direct ownership of 33,652 common shares. These transactions reflect routine compensation and tax withholding, not open-market trading.
Valaris Ltd senior vice president and COO Luca Gilles reported a small equity compensation adjustment and related tax withholding in company common shares. Gilles received 379 common shares as a grant or award tied to restricted share units.
The filing notes this is a true-up award correcting an administrative error from March 2025 so that Gilles’ restricted share units match amounts previously approved by the compensation committee and board. After 50 shares were withheld to cover tax obligations at a price of $99.70 per share, Gilles directly holds 83,551 common shares. The grant includes units that vested immediately on April 7, 2026 and additional units scheduled to vest on March 3, 2027 and March 3, 2028.
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.
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.
Valaris Ltd Controller Melissa Barron reported a small tax-related share disposition. On settlement or vesting of equity awards, 20 Common Shares were withheld at $96.38 per share to cover tax withholding obligations, with the issuer paying the taxes in cash. Following this routine withholding, Barron directly holds 10,064 Common Shares.
Valaris Ltd — The Vanguard Group filed Amendment No. 2 to a Schedule 13G/A reporting that it beneficially owns 0 shares of Valaris Ltd common stock, representing 0% of the class. The filing notes an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries or business divisions to report holdings separately.
The form is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. The filing states Vanguard no longer is deemed to beneficially own securities held by those disaggregated subsidiaries.
Valaris Ltd President & CEO Anton Dibowitz reported a tax-related share disposition. On settlement or vesting of equity awards, 2,332 common shares were withheld at $90.59 per share to satisfy tax withholding obligations.
After this tax-withholding disposition, Dibowitz directly holds 253,681 common shares of Valaris. The issuer will remit the related taxes in cash to the appropriate taxing authority.