Robert Travis Dobbins - Nov 10, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
SVP & Chief Technology Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 10, 2023
Transactions value $
-$16,510
Form type
4
Date filed
11/14/2023, 04:08 PM
Previous filing
Aug 25, 2023
Next filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise +891 +8.58% 11.3K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$9.04K -278 -2.47% $32.50 11K Nov 10, 2023 Direct
transaction VVV Common Stock Options Exercise +737 +6.7% 11.7K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$7.48K -230 -1.96% $32.50 11.5K Nov 10, 2023 Direct
holding VVV Common Stock 1.95K Nov 10, 2023 By 401(k) Plan F2

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 2021 Restricted Stock Units Options Exercise $0 -891 -100% $0.00* 0 Nov 10, 2023 Common Stock 891 Direct F1, F3
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -737 -49.97% $0.00 738 Nov 10, 2023 Common Stock 737 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 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.
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.