Form 4: Valaris Ltd. CFO Christopher T. Weber Reports Tax-Related Share Withholding
SEC Form 4 Filing
Christopher T. Weber, SVP CFO of Valaris Ltd, reports the withholding of 520 common shares to cover tax obligations arising from settlement or vesting on December 31, 2024.
Summary
- On December 31, 2024, Christopher T. Weber, the SVP CFO of Valaris Ltd, had 520 common shares withheld to satisfy tax obligations.
- These shares were withheld upon settlement or vesting, and the issuer will pay the tax withholding obligations in cash to the appropriate taxing authority.
- Following the transaction, Weber directly owns 51,716 common shares.
Sentiment
Score: 7
Explanation: The document reflects a standard transaction related to executive compensation and tax obligations, with no apparent negative implications. It's a neutral event from an investment perspective.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the transaction where 520 common shares were withheld for tax obligations. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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