Julie Marie O'Daniel - Aug 20, 2021 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
CLO and Corp. Secy
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Aug 20, 2021
Transactions value $
-$115,130
Form type
4
Date filed
8/24/2021, 05:02 PM
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise $71.7K +4.3K +47.48% $16.67 13.4K Aug 20, 2021 Direct
transaction VVV Common Stock Tax liability -$89.9K -3.02K -22.56% $29.81 10.4K Aug 20, 2021 Direct F1
transaction VVV Common Stock Options Exercise $84.7K +4.04K +38.97% $20.99 14.4K Aug 20, 2021 Direct
transaction VVV Common Stock Tax liability -$96.1K -3.23K -22.42% $29.79 11.2K Aug 20, 2021 Direct F1
transaction VVV Common Stock Options Exercise $106K +5.11K +45.79% $20.80 16.3K Aug 20, 2021 Direct
transaction VVV Common Stock Tax liability -$121K -4.07K -24.98% $29.78 12.2K Aug 20, 2021 Direct F1
transaction VVV Common Stock Options Exercise $426K +21K +171.88% $20.29 33.2K Aug 20, 2021 Direct
transaction VVV Common Stock Tax liability -$490K -16.4K -49.53% $29.79 16.8K Aug 20, 2021 Direct F1
transaction VVV Common Stock Options Exercise $214K +10.5K +62.68% $20.37 27.3K Aug 20, 2021 Direct
transaction VVV Common Stock Tax liability -$246K -8.25K -30.26% $29.80 19K Aug 20, 2021 Direct F1
transaction VVV Common Stock Sale -$148K -4.97K -26.14% $29.81 14K Aug 20, 2021 Direct F2
transaction VVV Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $60.8K +2.04K +219.85% $29.81 2.97K Aug 20, 2021 By 401(k) Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VVV FY 2014 Stock Appreciation Right Options Exercise $0 -4.3K -100% $0.00* 0 Aug 20, 2021 Common Stock 4.3K $16.67 Direct F4
transaction VVV FY 2015 Stock Appreciation Right Options Exercise $0 -4.04K -100% $0.00* 0 Aug 20, 2021 Common Stock 4.04K $20.99 Direct F4
transaction VVV FY 2016 Stock Appreciation Right Options Exercise $0 -5.11K -100% $0.00* 0 Aug 20, 2021 Common Stock 5.11K $20.80 Direct F4
transaction VVV FY 2017 Stock Appreciation Right Options Exercise $0 -21K -100% $0.00* 0 Aug 20, 2021 Common Stock 21K $20.29 Direct F4
transaction VVV FY 2019 Stock Appreciation Rights Options Exercise $0 -10.5K -75% $0.00 3.5K Aug 20, 2021 Common Stock 10.5K $20.37 Direct F4
transaction VVV Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $112K +3.77K $29.81 3.77K Aug 20, 2021 Common Stock 3.77K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights.
F2 The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were sold in multiple transactions at prices ranging from $29.80 to $29.821, inclusive. Upon request, the Reporting Person will provide to Valvoline, any security holder of Valvoline, or the staff of the Securities and Exchange Commission full information regarding the shares of Valvoline common stock sold at each separate price within the range set forth in this footnote.
F3 Represents the approximate number of shares of Valvoline Comon Stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline Common Stock as of the close of business on the the Reporting Date.
F4 50% of the Stock Appreciation Rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date.
F5 Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution.
F6 Shares of Valvoline common stock become payable in respect of the units upon the Reporting Person's death or separation from service in accordance with the terms of the Nonqualified Defined Contribution Plan.