Jamal K. Muashsher - 11 Nov 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
SVP and Pres., Global Products
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
11 Nov 2022
Net transactions value
-$28,991
Form type
4
Filing time
15 Nov 2022, 07:04:00 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 +1,055 +14% 8,462 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $10,731 -334 -3.9% $32.13 8,128 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +795 +9.8% 8,923 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $8,097 -252 -2.8% $32.13 8,671 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +1,000 +12% 9,671 14 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $10,163 -316 -3.3% $32.16 9,355 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 -1,055 -50% $0.000000 1,056 11 Nov 2022 Common Stock 1,055 Direct F1, F2
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -795 -33% $0.000000 1,591 11 Nov 2022 Common Stock 795 Direct F1, F2
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -1,000 -100% $0.000000* 0 14 Nov 2022 Common Stock 1,000 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.