SAMUEL J. MITCHELL - 29 Nov 2022 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Executive Officer, Director
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
29 Nov 2022
Net transactions value
$0
Form type
4
Filing time
01 Dec 2022, 15:27:44 UTC
Previous filing
21 Nov 2022
SEC
View on sec.gov

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 +23,090 $0.000000 23,090 29 Nov 2022 Common Stock 23,090 Direct F1, F2
transaction VVV FY 2023 Stock Appreciation Rights Award $0 +58,320 $0.000000 58,320 29 Nov 2022 Common Stock 58,320 $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.