Quintero Alan 4
4 · Valaris Ltd · Filed Jul 21, 2021
Insider Transaction Report
Form 4
Valaris LtdVAL
Quintero Alan
SVP-Business Development
Transactions
- Award
Common Shares
2021-07-19+29,424→ 29,424 total - Award
Performance Share Units
2021-07-19+123,574→ 123,574 total→ Common Shares (123,574 underlying)
Footnotes (2)
- [F1]Consists of a one-time grant of 29,424 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, with settlement of all vested restricted stock units generally deferred until the third anniversary of the date of grant.
- [F2]Consists of a one-time grant of up to 123,574 share price based performance share units, of which 41,191 will vest upon the Company's achievement of a $45 closing share price, 41,191 will vest upon the Company's achievement of a $55 closing share price, and 41,192 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days