| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VVV | Common Stock | Options Exercise | $207,720 | +9,000 | +24% | $23.08 | 46,159 | 11 May 2023 | Direct | |
| transaction | VVV | Common Stock | Tax liability | $248,479 | -6,454 | -14% | $38.50 | 39,705 | 11 May 2023 | Direct | F1 |
| transaction | VVV | Common Stock | Sale | $98,377 | -2,546 | -6.4% | $38.64 | 37,159 | 12 May 2023 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VVV | Stock Appreciation Right | Options Exercise | $0 | -9,000 | -100% | $0.000000* | 0 | 11 May 2023 | Common Stock | 9,000 | $23.08 | Direct | F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of Stock Appreciation Rights. |
| F2 | Fifty percent (50%) of the Stock Appreciation Rights vested on November 13, 2018 and 25% vested on each of November 13, 2019 and November 13, 2020. |
Transactions were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on February 17, 2023.