Julie Marie O'Daniel - Aug 11, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
CLO and Corp. Secy
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Aug 11, 2023
Transactions value $
-$156,573
Form type
4
Date filed
8/14/2023, 04:09 PM
Previous filing
Dec 1, 2022
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise $311K +13.5K +83.12% $23.08 29.7K Aug 11, 2023 Direct
transaction VVV Common Stock Tax liability -$361K -10.4K -35% $34.69 19.3K Aug 11, 2023 Direct
transaction VVV Common Stock Sale -$107K -3.09K -15.98% $34.68 16.2K Aug 11, 2023 Direct
holding VVV Common Stock 3.04K Aug 11, 2023 By 401(k) Plan F1

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 Stock Appreciation Right Options Exercise $0 -13.5K -100% $0.00* 0 Aug 11, 2023 Common Stock 13.5K $23.08 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the approximate number of shares of Valvoline Common Stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline Common Stock on the Transaction Date.
F2 Fifty percent (50%) of the stock appreciation rights (SARs) vested on November 13, 2018, 25% of the SARs vested on November 13, 2019 and 25% of the SARs vested on November 13, 2020.