| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VVV | Common Stock | Options Exercise | $809K | +61.9K | +18.42% | $13.08 | 398K | Oct 17, 2022 | Direct | F1 |
| transaction | VVV | Common Stock | Tax liability | -$1.08M | -40.8K | -10.25% | $26.46 | 357K | Oct 17, 2022 | Direct | F2 |
| holding | VVV | Common Stock | 5.67K | Oct 17, 2022 | By 401(k) Plan | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VVV | FY 2013 Stock Appreciation Right | Options Exercise | $0 | -61.9K | -100% | $0.00 | 0 | Oct 17, 2022 | Common Stock | 61.9K | $13.08 | Direct | F1, F4 |
| Id | Content |
|---|---|
| F1 | Transactions were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on August 31, 2022. |
| F2 | Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of Stock Appreciation Rights. |
| F3 | 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 Transaction Date. |
| F4 | Fifty percent (50%) of the Stock Appreciation Rights vested on the first anniversary of the grant date and 25% vested on each of the second and third anniversaries of the grant date. |