Form 4: Valaris Ltd Director Catherine Hughes Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Catherine Hughes disposed of 501 common shares of Valaris Ltd to cover tax withholding obligations arising from vesting.
Summary
- On June 8, 2024, Catherine Hughes, a director of Valaris Ltd, disposed of 501 common shares.
- The transaction was executed to cover tax withholding obligations related to the vesting of shares.
- The shares were sold at a price of $71.01 per share.
- Following the transaction, Hughes directly owns 4,136 common shares of Valaris Ltd.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (disposal of shares for tax obligations), which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/08/2024 | Date of transaction: Disposal of 501 common shares. |
| 06/11/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.