Anton Dibowitz - Jul 1, 2021 Form 4 Insider Report for Valaris Ltd (VAL)

Role: Director
Signature: /s/ Davor Vukadin, by power-of-attorney
Stock symbol: VAL
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 05:06 PM
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAL	Common Shares	Award	$0	+18.4K		$0.00	18.4K	Jul 1, 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.