Julie Marie O'Daniel - Nov 10, 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
Nov 10, 2023
Transactions value $
-$24,245
Form type
4
Date filed
11/14/2023, 04:08 PM
Previous filing
Sep 1, 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 +1.38K +9.67% 15.6K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$14.1K -435 -2.79% $32.50 15.2K Nov 10, 2023 Direct
transaction VVV Common Stock Options Exercise +982 +6.47% 16.2K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$10.1K -311 -1.93% $32.50 15.8K Nov 10, 2023 Direct
holding VVV Common Stock 3.04K 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 -1.38K -100% $0.00* 0 Nov 10, 2023 Common Stock 1.38K Direct F1, F3
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -982 -49.97% $0.00 983 Nov 10, 2023 Common Stock 982 Direct F1, F3
* 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 vest in three equal annual installments beginning on the first anniversary of the grant date.