Jamal K. Muashsher - 19 Nov 2021 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
SVP and Pres., Global Products
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
19 Nov 2021
Net transactions value
-$14,884
Form type
4
Filing time
23 Nov 2021, 16:13:59 UTC
Previous filing
16 Nov 2021
Next filing
02 May 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 +626 +11% 6,506 19 Nov 2021 Direct F1
transaction VVV Common Stock Tax liability $7,144 -198 -3% $36.08 6,308 19 Nov 2021 Direct
transaction VVV Common Stock Sale $7,740 -214 -3.4% $36.17 6,094 22 Nov 2021 Direct 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 -626 -100% $0.000000* 0 19 Nov 2021 Common Stock 626 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 Transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on February 25, 2021.
F3 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.