Anton Dibowitz - Jul 19, 2022 Form 4 Insider Report for Valaris Ltd (VAL)

Role: President & CEO, Director
Signature: /s/ Davor Vukadin, by power-of-attorney
Stock symbol: VAL
Transactions as of: Jul 19, 2022
Transactions value $: -$48,760
Form type: 4
Date filed: 7/21/2022, 05:59 PM
Previous filing: Jun 17, 2022
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAL	Common Shares	Tax liability	-$48.8K	-1.14K	-0.96%	$42.66	118K	Jul 19, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VAL	Performance Share Units	Award	$0	+16.6K		$0.00	16.6K	Jul 19, 2022	Common Shares	16.6K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.
F2	Consists of 16,557 performance share units for which the applicable performance criteria were determined to be satisfied on July 19th that remain subject to service based vesting conditions through the date following June 30, 2024 that the Company certifies the final number of earned performance share units under this award.