Samuel J. Mitchell - Nov 11, 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Executive Officer, Director
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 11, 2022
Transactions value $
-$443,106
Form type
4
Date filed
11/15/2022, 07:03 AM
Previous filing
Oct 18, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise +12.1K +3.39% 369K Nov 11, 2022 Direct F1
transaction VVV Common Stock Tax liability -$183K -5.7K -1.54% $32.13 363K Nov 11, 2022 Direct
transaction VVV Common Stock Options Exercise +7.15K +1.97% 371K Nov 11, 2022 Direct F1
transaction VVV Common Stock Tax liability -$86.8K -2.7K -0.73% $32.13 368K Nov 11, 2022 Direct
transaction VVV Common Stock Options Exercise +11.4K +3.11% 379K Nov 14, 2022 Direct F1
transaction VVV Common Stock Tax liability -$173K -5.39K -1.42% $32.16 374K Nov 14, 2022 Direct
holding VVV Common Stock 5.67K Nov 11, 2022 By 401(k) Plan 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 2021 Restricted Stock Units Options Exercise $0 -12.1K -50% $0.00 12.1K Nov 11, 2022 Common Stock 12.1K Direct F1, F3
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -7.15K -33.33% $0.00 14.3K Nov 11, 2022 Common Stock 7.15K Direct F1, F3
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -11.4K -100% $0.00* 0 Nov 14, 2022 Common Stock 11.4K 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 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 on the Transaction Date.
F3 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.