VALARIS LTD, DEF 14A filed on 4/16/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Valaris Limited
Entity Central Index Key 0000314808
v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearAnton
Dibowitz		Tom Burke


$100 Investment


SCT for PEO(1)
Comp Actually Paid to PEO(2)(9)
SCT for PEO(1)
Comp Actually Paid to PEO
Average SCT Total for Non-PEO NEOs(1)(3)
Average Comp Actually Paid to Non-PEO NEOs(3)(4)(9)
TSR(5)
Peer Group TSR(6)
Net Income
(in millions)(7)
Stock Price(8)
20256,054,415 9,197,937 — — 2,352,004 3,329,922 $212.70 $167.30 $979.10 $50.40 
20247,754,921 (5,370,528)— — 2,851,467 (162,467)$186.70 $155.10 $369.80 $44.24 
20236,287,972 1,905,370 — — 2,435,185 1,749,754 $289.30 $168.40 $866.80 $68.57 
20222,312,047 29,557,102 — — 2,678,633 5,707,378 $285.30 $160.70 $181.80 $67.62 
202115,419,099 18,405,019 18,487,913 7,600,866 4,949,709 3,779,743 $151.90 $96.50 $(4,487.40)$36.00 
        
Company Selected Measure Name The company-selected measure is our stock price on the last trading day of each respective year. Our common shares began trading on NYSE on May 3, 2021, following our emergence from Chapter 11.        
Named Executive Officers, Footnote Non-PEO NEOs included for 2025, 2024 and 2023 are Messrs. Weber, Luca, Lyne and Vukadin. Non-PEO NEOs included for 2022 are Messrs. Weber, Luca, Lyne, Vukadin and Gibbins. Non-PEO NEOs included for 2021 are Messrs. Luca, Gibbins, Jonathan Baksht (our former Executive Vice President and Chief Financial Officer), and Alan Quintero (our Former Senior Vice President, Business Development).        
Peer Group Issuers, Footnote The peer group used for this purpose is the Dow Jones U.S. Select Oil Equipment & Services Index.        
Adjustment To PEO Compensation, Footnote The following adjustments were made to our PEO's total compensation to determine the 2025 compensation actually paid:
Anton
Dibowitz
2025
"Total" as reported in Summary Compensation Table ("SCT")6,054,415 
Less, fair value of equity awards granted during the year as reported in the "Share Awards" column in SCT(3,861,425)
Plus, fair value at year-end of outstanding and unvested equity awards granted in the year7,403,073 
Plus, change in fair value (whether positive or negative) from prior year-end to vesting date for awards granted in prior years that vested during the year(17,892)
Plus, change in fair value (whether positive or negative) from prior year-end to current year-end for awards granted in prior years that were unvested at end of year(380,234)
Compensation Actually Paid to PEO9,197,937 
        
Non-PEO NEO Average Total Compensation Amount $ 2,352,004 $ 2,435,185 $ 2,678,633 $ 4,949,709 $ 2,851,467
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,329,922 1,749,754 5,707,378 3,779,743 (162,467)
Adjustment to Non-PEO NEO Compensation Footnote In accordance with SEC rules, the following adjustments were made to the average total compensation to determine the 2025 compensation actually paid:
Average
Non-PEO
NEOs
2025
Average "Total" as reported in the SCT2,352,004 
Less, average change in actuarial present value of accumulated benefits under defined benefit plans(17,158)
Less, average fair value of equity awards granted during the year as reported in the "Share Awards" column in the SCT(1,229,609)
Plus, average fair value at year-end of equity awards granted in the year2,357,380 
Plus, average change in fair value (whether positive or negative) from prior year-end to vesting date for awards granted in prior years that vested during the year(4,975)
Plus average change in fair value (whether positive or negative) from prior year-end to current year-end for awards granted in prior years that were unvested at end of current year(127,720)
Average Compensation Actually Paid to Non-PEO NEOs3,329,922 
        
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative Company TSR and Peer Group TSR
03_VAL_Compensation_TSR.jpg
        
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income (Loss)
03_VAL_Compensation_lossinM.jpg
        
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and Company Selected Measure (Stock Price)
03_VAL_Compensation_stockprice.jpg
        
Total Shareholder Return Amount $ 212.70 289.30 285.30 151.90 186.70
Peer Group Total Shareholder Return Amount 167.30 168.40 160.70 96.50 155.10
Net Income (Loss) $ 979,100,000 $ 866,800,000 $ 181,800,000 $ (4,487,400,000) $ 369,800,000
Company Selected Measure Amount | $ / shares 50.40 68.57 67.62 36.00 44.24
Additional 402(v) Disclosure The dollar amounts reported represent the amount of net income (loss) reflected in the Company’s audited financial statements included in our annual report on Form 10-K filed with the SEC for each applicable year. The net loss reported for 2021 is comprised of a loss of $23.6 million for the eight months ended December 31, 2021 successor period and a loss of $4,463.8 million for the four months ended April 30, 2021 predecessor period.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Stock price performance, including relative and absolute TSR        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name Operating Free Cash Flow        
Measure:: 4          
Pay vs Performance Disclosure          
Name Personal and process safety        
Measure:: 5          
Pay vs Performance Disclosure          
Name Downtime performance        
Measure:: 6          
Pay vs Performance Disclosure          
Name Spill prevention        
Anton Dibowitz [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 6,054,415 $ 6,287,972 $ 2,312,047 $ 15,419,099 $ 7,754,921
PEO Actually Paid Compensation Amount $ 9,197,937 1,905,370 29,557,102 18,405,019 (5,370,528)
PEO Name AntonDibowitz        
Tom Burke [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 0 0 0 18,487,913 0
PEO Actually Paid Compensation Amount 0 $ 0 $ 0 $ 7,600,866 $ 0
PEO | Anton Dibowitz [Member] | Fair Value of Equity Awards As of Grant Date [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,861,425)        
PEO | Anton Dibowitz [Member] | Fair Value of Equity Awards As of Year End Date [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,403,073        
PEO | Anton Dibowitz [Member] | Changes in Fair Value of Awards Granted and Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (17,892)        
PEO | Anton Dibowitz [Member] | Changes in Fair Value of Awards Granted and Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (380,234)        
Non-PEO NEO | Fair Value of Equity Awards As of Grant Date [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,229,609)        
Non-PEO NEO | Fair Value of Equity Awards As of Year End Date [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,357,380        
Non-PEO NEO | Changes in Fair Value of Awards Granted and Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,975)        
Non-PEO NEO | Changes in Fair Value of Awards Granted and Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (127,720)        
Non-PEO NEO | Change in Actuarial Present Value of Accumulated Benefits [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (17,158)        
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Considered false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true