Insider at

04

Insider transactions

05
0 buys (P) 0 sells (S) Net: $0 + 44 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

No open-market trades on record; showing all filings.

DateTickerCodeSharesPriceValue Owned afterΔ ownA/Dvs now
Sept. 4, 2015 VAL F 814 $15.72 $12,796 172,803 Direct -0.47% Disposed 422.1% (price as of 2026-10-05)
March 3, 2015 VAL F 6,247 $24.14 $150,803 138,712 Direct -4.31% Disposed 240.0% (price as of 2026-10-05)
March 3, 2015 VAL F 6,247 $24.14 $150,803 173,617 Direct -3.47% Disposed 240.0% (price as of 2026-10-05)
Feb. 23, 2015 VAL A 34,905 · · 173,617 Direct +25.16% Acquired (price as of 2026-10-05)
Sept. 4, 2014 VAL F 814 $47.54 $38,698 144,959 Direct -0.56% Disposed 72.7% (price as of 2026-10-05)
March 1, 2014 VAL F 1,005 $52.66 $52,923 144,826 Direct -0.69% Disposed 55.9% (price as of 2026-10-05)
Feb. 28, 2014 VAL F 1,430 $52.66 $75,304 145,831 Direct -0.97% Disposed 55.9% (price as of 2026-10-05)
Feb. 26, 2014 VAL A 18,936 · · 148,208 Direct +14.65% Acquired (price as of 2026-10-05)
Feb. 26, 2014 VAL A 17,989 · · 147,261 Direct +13.92% Acquired (price as of 2026-10-05)
Feb. 26, 2014 VAL F 3,200 $52.81 $168,992 129,272 Direct -2.42% Disposed 55.4% (price as of 2026-10-05)
Feb. 25, 2014 VAL F 2,227 $53.35 $118,810 132,472 Direct -1.65% Disposed 53.9% (price as of 2026-10-05)
Nov. 18, 2013 VAL A 24,506 · · 134,699 Direct +22.24% Acquired (price as of 2026-10-05)
Sept. 4, 2013 VAL F 814 $54.46 $44,330 110,193 Direct -0.73% Disposed 50.7% (price as of 2026-10-05)
June 3, 2013 VAL F 5,253 $60.17 $316,073 111,007 Direct -4.52% Disposed 36.4% (price as of 2026-10-05)
March 1, 2013 VAL F 994 $59.71 $59,352 116,260 Direct -0.85% Disposed 37.5% (price as of 2026-10-05)
Feb. 28, 2013 VAL F 1,414 $60.14 $85,038 117,254 Direct -1.19% Disposed 36.5% (price as of 2026-10-05)
Feb. 26, 2013 VAL F 3,163 $59.20 $187,250 118,668 Direct -2.60% Disposed 38.6% (price as of 2026-10-05)
Feb. 25, 2013 VAL A 16,284 $58.35 $950,171 121,831 Direct +15.43% Acquired 40.7% (price as of 2026-10-05)
Sept. 4, 2012 VAL A 5,946 $57.19 $340,052 105,547 Direct +5.97% Acquired 43.5% (price as of 2026-10-05)
June 1, 2012 VAL F 5,865 $44.19 $259,174 99,601 Direct -5.56% Disposed 85.7% (price as of 2026-10-05)
March 2, 2012 VAL F 2,780 $57.12 $158,794 105,466 Direct -2.57% Disposed 43.7% (price as of 2026-10-05)
Feb. 28, 2012 VAL A 10,458 · · 108,246 Direct +10.69% Acquired (price as of 2026-10-05)
Sept. 30, 2011 VAL F 2,645 $40.43 $106,937 97,788 Direct -2.63% Disposed 103.0% (price as of 2026-10-05)
June 2, 2011 VAL F 3,233 $55.30 $178,785 100,433 Direct -3.12% Disposed 48.4% (price as of 2026-10-05)
June 1, 2011 VAL F 2,632 $54.30 $142,918 103,666 Direct -2.48% Disposed 51.2% (price as of 2026-10-05)
March 1, 2011 VAL A 7,350 $55.34 $406,749 106,298 Direct -6.47% Disposed 48.3% (price as of 2026-10-05)
March 1, 2011 VAL A 10,530 · · 10,530 Direct · Acquired (price as of 2026-10-05)
Feb. 7, 2011 VAL A 23,404 $52.13 $1,220,051 98,948 Direct +30.98% Acquired 57.5% (price as of 2026-10-05)
Sept. 30, 2010 VAL F 3,595 $44.73 $160,804 75,544 Direct -4.54% Disposed 83.5% (price as of 2026-10-05)
Aug. 31, 2010 VAL A 382 $35.88 $13,706 2,105 Indirect +22.17% Acquired 128.8% (price as of 2026-10-05)
June 7, 2010 VAL F 4,327 $35.10 $151,878 79,139 Direct -5.18% Disposed 133.8% (price as of 2026-10-05)
June 2, 2010 VAL F 129 $34.45 $4,444 83,466 Direct -0.15% Disposed 138.3% (price as of 2026-10-05)
June 1, 2010 VAL F 129 $36.18 $4,667 83,466 Direct -0.15% Disposed 126.9% (price as of 2026-10-05)
June 1, 2010 VAL A 18,402 · · 18,402 Direct · Acquired (price as of 2026-10-05)
June 1, 2010 VAL A 11,805 $34.45 $406,682 83,595 Direct +16.44% Acquired 138.3% (price as of 2026-10-05)
June 1, 2010 VAL F 48 $34.45 $1,654 71,790 Direct -0.07% Disposed 138.3% (price as of 2026-10-05)
Aug. 31, 2009 VAL A 179 $34.22 $6,125 718 Indirect +33.21% Acquired 139.9% (price as of 2026-10-05)
June 2, 2009 VAL F 2,346 $41.34 $96,984 51,838 Direct -4.33% Disposed 98.5% (price as of 2026-10-05)
June 1, 2009 VAL A 9,849 $41.29 $406,665 51,838 Direct +23.46% Acquired 98.8% (price as of 2026-10-05)
June 1, 2009 VAL A 9,849 $41.29 $406,665 54,184 Direct +22.21% Acquired 98.8% (price as of 2026-10-05)
June 1, 2009 VAL A 11,844 · · 11,844 Direct · Acquired (price as of 2026-10-05)
July 3, 2008 VAL J 44,335 $75.25 $3,336,209 44,335 Direct · Acquired 9.1% (price as of 2026-10-05)
Feb. 27, 2008 VAL A 539 $24.58 $13,249 539 Indirect · Acquired 233.9% (price as of 2026-10-05)
Sept. 30, 2000 VAL A 20,000 $42.54 $850,800 71,838 Direct +38.58% Acquired 92.9% (price as of 2026-10-05)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.

06
DateTickerSecurityUnderlying Exercise priceExpirationSharesA/D
March 1, 2011 VAL Employee American Depositary Shares Option (Right to Buy) American Depositary Shares $55.34 March 1, 2015 10,530 Acquired
June 1, 2010 VAL Employee American Depositary Shares Option (Right to Buy) American Depositary Shares (18,402) $34.45 June 1, 2013 18,402 Acquired
June 1, 2009 VAL Employee Stock Option (Right to Buy) Common Stock (11,844) $41.29 June 1, 2016 11,844 Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Compensation (DEF 14A)

08

Matched by name from proxy statements (DEF 14A) — verify against the filing.

VAL

Fiscal yearSalaryBonusStock awards Option awardsNon-equity incentivePension changeOtherTotal
2015 $620,000 · · · $766,357 · $1,524,432 $4,910,810
2014 $613,833 · · · $326,009 · $1,670,455 $4,610,311
2013 $575,500 · · · $555,760 · $1,748,552 $6,410,616

Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.