Mary E. Meixelsperger - 10 Nov 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Financial Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
10 Nov 2023
Net transactions value
-$53,625
Form type
4
Filing time
14 Nov 2023, 16:08:46 UTC
Previous filing
29 Aug 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 +3,276 +2.8% 119,495 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $33,118 -1,019 -0.85% $32.50 118,476 10 Nov 2023 Direct
transaction VVV Common Stock Options Exercise +2,026 +1.7% 120,502 10 Nov 2023 Direct F1
transaction VVV Common Stock Tax liability $20,508 -631 -0.52% $32.50 119,871 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 2022 Restricted Stock Units Options Exercise $0 -3,276 -100% $0.000000* 0 10 Nov 2023 Common Stock 3,276 Direct F1, F2
transaction VVV FY 2021 Restricted Stock Units Options Exercise $0 -2,026 -50% $0.000000 2,026 10 Nov 2023 Common Stock 2,026 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.