Jonathan L. Caldwell - 29 Apr 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief People Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
29 Apr 2022
Net transactions value
-$18,652
Form type
4
Filing time
02 May 2022, 19:59:47 UTC
Previous filing
22 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 +1,772 +31% 7,449 29 Apr 2022 Direct F1
transaction VVV Common Stock Tax liability $18,652 -617 -8.3% $30.23 6,832 29 Apr 2022 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 Units Options Exercise $0 -1,772 -50% $0.000000 1,772 29 Apr 2022 Common Stock 1,772 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.