Richard J. Freeland - Jan 26, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Director
Signature
Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Jan 26, 2023
Transactions value $
$0
Form type
4
Date filed
1/27/2023, 03:16 PM
Previous filing
May 23, 2022
Next filing
Mar 17, 2023

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 +3.95K $0.00 3.95K Jan 26, 2023 Common Stock 3.95K Direct F1, F2, 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 annual award of restricted stock units pursuant to the 2016 Valvoline Inc. Incentive Plan.
F3 The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.