Michael S. Ryan - 11 Nov 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Accounting Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
11 Nov 2022
Net transactions value
-$33,041
Form type
4
Filing time
15 Nov 2022, 07:04:44 UTC
Previous filing
15 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 +1,265 +52% 3,693 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $13,077 -407 -11% $32.13 3,286 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +734 +22% 4,020 11 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $7,583 -236 -5.9% $32.13 3,784 11 Nov 2022 Direct
transaction VVV Common Stock Options Exercise +1,197 +32% 4,981 14 Nov 2022 Direct F1
transaction VVV Common Stock Tax liability $12,382 -385 -7.7% $32.16 4,596 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 -1,265 -50% $0.000000 1,266 11 Nov 2022 Common Stock 1,265 Direct F1, F2
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -734 -33% $0.000000 1,469 11 Nov 2022 Common Stock 734 Direct F1, F2
transaction VVV FY 2020 Restricted Stock Units Options Exercise $0 -1,197 -100% $0.000000* 0 14 Nov 2022 Common Stock 1,197 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.