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

Role
Chief People Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
10 Nov 2023
Net transactions value
-$12,252
Form type
4
Filing time
14 Nov 2023, 16:08:19 UTC
Previous filing
02 May 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 +638 +5.6% 12,124 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $6,565 -202 -1.7% $32.50 11,922 10 Nov 2023 Direct
transaction VVV Common Stock Options Exercise +553 +4.6% 12,475 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $5,688 -175 -1.4% $32.50 12,300 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 FY 2021 Restricted Stock Units Options Exercise $0 -638 -100% $0.000000* 0 10 Nov 2023 Common Stock 638 Direct F1, F2
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -553 -50% $0.000000 555 10 Nov 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.