Anton Dibowitz - 01 Jul 2021 Form 4 Insider Report for Valaris Ltd (VAL)

Role: Director
Signature: /s/ Davor Vukadin, by power-of-attorney
Issuer symbol: VAL
Transactions as of: 01 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 06 Jul 2021, 17:06:44 UTC
Next filing: 10 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAL	Common Shares	Award	$0	+18,434		$0.000000	18,434	01 Jul 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of a one-time grant of 12,930 restricted stock units awarded in connection with the Company's emergence from chapter 11, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, and 5,504 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.

Content

Consists of a one-time grant of 12,930 restricted stock units awarded in connection with the Company's emergence from chapter 11, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, and 5,504 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.