Samuel J. Mitchell - Nov 19, 2021 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Executive Officer, Director
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 19, 2021
Transactions value $
-$219,475
Form type
4
Date filed
11/22/2021, 04:14 PM
Previous filing
Nov 15, 2021
Next filing
Oct 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise +12.7K +3.85% 342K Nov 19, 2021 Direct F1
transaction VVV Common Stock Tax liability -$219K -5.96K -1.74% $36.80 336K Nov 19, 2021 Direct
holding VVV Common Stock 5.57K Nov 19, 2021 By 401(k) Plan F2

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 2019 Restricted Stock Units Options Exercise $0 -12.7K -100% $0.00* 0 Nov 19, 2021 Common Stock 12.7K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Valvoline common stock on a one-for-one basis.
F2 Represents the approximate number of shares of Valvoline common 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 earliest Transaction Date.
F3 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.