Michael S. Ryan - Nov 11, 2021 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Accounting Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 11, 2021
Transactions value $
-$27,354
Form type
4
Date filed
11/15/2021, 05:06 PM
Next filing
Nov 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise +1.18K +150.13% 1.96K Nov 12, 2021 Direct F1
transaction VVV Common Stock Tax liability -$13.3K -378 -19.28% $35.16 1.58K Nov 12, 2021 Direct
transaction VVV Common Stock Options Exercise +1.25K +78.65% 2.83K Nov 12, 2021 Direct F1
transaction VVV Common Stock Tax liability -$14.1K -400 -14.14% $35.16 2.43K Nov 12, 2021 Direct

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 2022 Restricted Stock Units Award $0 +2.17K $0.00 2.17K Nov 11, 2021 Common Stock 2.17K Direct F1, F2
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -1.18K -50% $0.00 1.18K Nov 12, 2021 Common Stock 1.18K Direct F1, F2
transaction VVV FY 2021 Restricted Stock Units Options Exercise $0 -1.25K -33.32% $0.00 2.49K Nov 12, 2021 Common Stock 1.25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
F2 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.