Julie Marie O'Daniel - 11 Nov 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
CLO and Corp. Secy
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
11 Nov 2022
Net transactions value
-$37,637
Form type
4
Filing time
15 Nov 2022, 07:04:22 UTC
Previous filing
15 Aug 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 +1,368 +9.9% 15,128 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $14,137 -440 -2.9% $32.13 14,688 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +977 +6.7% 15,665 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $10,089 -314 -2% $32.13 15,351 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +1,296 +8.4% 16,647 14 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $13,411 -417 -2.5% $32.16 16,230 14 Nov 2022 Direct
holding VVV Common Stock 3,029 11 Nov 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 -1,368 -50% $0.000000 1,370 11 Nov 2022 Common Stock 1,368 Direct F1, F3
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -977 -33% $0.000000 1,957 11 Nov 2022 Common Stock 977 Direct F1, F3
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -1,296 -100% $0.000000* 0 14 Nov 2022 Common Stock 1,296 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.