Jonathan L. Caldwell - Nov 10, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief People Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 10, 2023
Transactions value $
-$12,253
Form type
4
Date filed
11/14/2023, 04:08 PM
Previous filing
May 2, 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 +638 +5.55% 12.1K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$6.57K -202 -1.67% $32.50 11.9K Nov 10, 2023 Direct
transaction VVV Common Stock Options Exercise +553 +4.64% 12.5K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$5.69K -175 -1.4% $32.50 12.3K Nov 10, 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 FY 2021 Restricted Stock Units Options Exercise $0 -638 -100% $0.00* 0 Nov 10, 2023 Common Stock 638 Direct F1, F2
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -553 -49.91% $0.00 555 Nov 10, 2023 Common Stock 553 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.