Lori Ann Flees - May 2, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
SVP and Pres., Retail Services
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
May 2, 2023
Transactions value $
-$58,839
Form type
4
Date filed
5/3/2023, 09:39 PM
Previous filing
Dec 1, 2022
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise $0 +5.46K $0.00 5.46K May 2, 2023 Direct
transaction VVV Common Stock Tax liability -$58.8K -1.73K -31.61% $34.09 3.73K May 2, 2023 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 Units Options Exercise $0 -5.46K -33.33% $0.00 10.9K May 2, 2023 Common Stock 5.46K 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.