SEC Form 4 · accession 0000314808-26-000119
Valaris Ltd · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kristian Johansen
Director
Period of report
Jun 10, 2026
Accepted (ET)
Jun 12, 2026 · 4:23 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000314808
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jun 10, 2026 | M | 4,860 | $0.00 | A | 9,508 | D | |
| Common SharesF1 | Jun 10, 2026 | D | 1,944 | $88.98 | D | 7,564 | D | |
| Common SharesF2 | Jun 10, 2026 | A | 1,984 | $0.00 | A | 9,548 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | — | Jun 10, 2026 | M | 4,860 | D | — | — | Common Shares | 4,860 | 0 | D |
Explanation of responses
- F1Represents the portion of restricted stock units that were cash settled in accordance with the terms of the reporting person's equity award agreement.
- F2Consists 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.
- F3Each 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.