Form 4: Valaris Ltd: CEO Anton Dibowitz Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Valaris Ltd CEO Anton Dibowitz disposed of 38,227 common shares on July 19, 2024, to satisfy tax withholding obligations.
Summary
- On July 19, 2024, Anton Dibowitz, President & CEO of Valaris Ltd, disposed of 38,227 common shares.
- The transaction was executed to cover tax withholding obligations arising from the settlement or vesting of shares.
- The shares were sold at a price of $76.47 per share.
- Following the transaction, Dibowitz directly owns 104,414 common shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax obligations) by an executive, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This transaction is a routine event related to tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of the transaction where Anton Dibowitz disposed of shares. |
| 07/23/2024 | Date of signature for the report. |
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