Heidi J. Matheys - 11 Nov 2022 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
11 Nov 2022
Net transactions value
-$26,034
Form type
4
Filing time
15 Nov 2022, 07:03:00 UTC
Previous filing
22 Nov 2021
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 +949 +3% 32,555 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $9,800 -305 -0.94% $32.13 32,250 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +673 +2.1% 32,923 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $6,972 -217 -0.66% $32.13 32,706 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +897 +2.7% 33,603 14 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $9,262 -288 -0.86% $32.16 33,315 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 -949 -50% $0.000000 949 11 Nov 2022 Common Stock 949 Direct F1, F2
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -673 -33% $0.000000 1,347 11 Nov 2022 Common Stock 673 Direct F1, F2
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -897 -100% $0.000000* 0 14 Nov 2022 Common Stock 897 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.