Julie Marie O'Daniel - 10 Nov 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
CLO and Corp. Secy
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
10 Nov 2023
Net transactions value
-$24,245
Form type
4
Filing time
14 Nov 2023, 16:08:32 UTC
Previous filing
01 Sep 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 +1,376 +9.7% 15,606 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $14,138 -435 -2.8% $32.50 15,171 10 Nov 2023 Direct
transaction VVV Common Stock Options Exercise +982 +6.5% 16,153 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $10,108 -311 -1.9% $32.50 15,842 10 Nov 2023 Direct
holding VVV Common Stock 3,041 10 Nov 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 -1,376 -100% $0.000000* 0 10 Nov 2023 Common Stock 1,376 Direct F1, F3
transaction VVV FY 2022 Restricted Stock Units Options Exercise $0 -982 -50% $0.000000 983 10 Nov 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.