Samuel J. Mitchell - Nov 29, 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 29, 2022
Transactions value $
$0
Form type
4
Date filed
12/1/2022, 03:27 PM
Previous filing
Nov 21, 2022

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 2023 Restricted Stock Units Award $0 +23.1K $0.00 23.1K Nov 29, 2022 Common Stock 23.1K Direct F1, F2
transaction VVV FY 2023 Stock Appreciation Rights Award $0 +58.3K $0.00 58.3K Nov 29, 2022 Common Stock 58.3K $32.85 Direct 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 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
F3 Fifty percent (50%) of the Stock Appreciation Rights vested on the first anniversary of the grant date and 25% vested on each of the second and third anniversaries of the grant date.