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

Role
Chief Financial Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 10, 2023
Transactions value $
-$53,625
Form type
4
Date filed
11/14/2023, 04:08 PM
Previous filing
Aug 29, 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 +3.28K +2.82% 119K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$33.1K -1.02K -0.85% $32.50 118K Nov 10, 2023 Direct
transaction VVV Common Stock Options Exercise +2.03K +1.71% 121K Nov 10, 2023 Direct F1
transaction VVV Common Stock Tax liability -$20.5K -631 -0.52% $32.50 120K 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 2022 Restricted Stock Units Options Exercise $0 -3.28K -100% $0.00* 0 Nov 10, 2023 Common Stock 3.28K Direct F1, F2
transaction VVV FY 2021 Restricted Stock Units Options Exercise $0 -2.03K -50% $0.00 2.03K Nov 10, 2023 Common Stock 2.03K 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.