Jonathan L. Caldwell - 11 Nov 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
11 Nov 2022
Net transactions value
-$18,448
Form type
4
Filing time
15 Nov 2022, 07:02:14 UTC
Previous filing
02 May 2022
Next filing
21 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 +634 +9.3% 7,466 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $6,555 -204 -2.7% $32.13 7,262 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +551 +7.6% 7,813 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $5,687 -177 -2.3% $32.13 7,636 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +601 +7.9% 8,237 14 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $6,207 -193 -2.3% $32.16 8,044 14 Nov 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 FY 2021 Restricted Stock Units Options Exercise $0 -634 -50% $0.000000 635 11 Nov 2022 Common Stock 634 Direct F1, F2
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -551 -33% $0.000000 1,104 11 Nov 2022 Common Stock 551 Direct F1, F2
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -601 -100% $0.000000* 0 14 Nov 2022 Common Stock 601 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.