Heidi J. Matheys - 19 Nov 2021 Form 4 Insider Report for VALVOLINE INC (VVV)

Role: SVP, Chief Marketing Officer
Signature: /s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol: VVV
Transactions as of: 19 Nov 2021
Net transactions value: -$10,355
Form type: 4
Filing time: 22 Nov 2021, 16:19:21 UTC
Previous filing: 15 Nov 2021
Next filing: 15 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VVV	Common Stock	Options Exercise		+892	+2.9%		31,893	19 Nov 2021	Direct	F1
transaction	VVV	Common Stock	Tax liability	$10,355	-287	-0.9%	$36.08	31,606	19 Nov 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 2019 Restricted Stock Units	Options Exercise	$0	-892	-100%	$0.000000^*	0	19 Nov 2021	Common Stock	892		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 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.