Dione Sturgeon - 31 Mar 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Accounting Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
31 Mar 2023
Net transactions value
-$17,376
Form type
4
Filing time
14 Nov 2023, 16:07:43 UTC
Previous filing
03 Mar 2023
Next filing
20 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise +276 +16% 2,024 31 Mar 2023 Direct F1
transaction VVV Common Stock Tax liability $3,564 -102 -5% $34.94 1,922 31 Mar 2023 Direct
transaction VVV Common Stock Options Exercise +849 +44% 2,771 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $8,742 -269 -9.7% $32.50 2,502 10 Nov 2023 Direct
transaction VVV Common Stock Options Exercise +492 +20% 2,994 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $5,070 -156 -5.2% $32.50 2,838 10 Nov 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 Restricted Stock Units Options Exercise $0 -276 -33% $0.000000 554 31 Mar 2023 Common Stock 276 Direct F1, F2
transaction VVV FY 2021 Restricted Stock Units Options Exercise $0 -849 -100% $0.000000* 0 10 Nov 2023 Common Stock 849 Direct F1, F3
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -492 -50% $0.000000 494 10 Nov 2023 Common Stock 492 Direct F1, F4
* 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 granted on April 1, 2022 vest in three equal installments beginning on the first anniversary of the grant date.
F3 The restricted stock units granted on November 12, 2020 vest in three equal annual installments beginning on the first anniversary of the grant date.
F4 The restricted stock units granted on November 11, 2021 vest in three equal annual installments beginning on the first anniversary of the grant date.