Key facts
- This page summarizes Mary E. Meixelsperger's Form 4 filing for VALVOLINE INC (VVV).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 20 Nov 2023, 16:05.
Mary E. Meixelsperger - 16 Nov 2023 Form 4 Insider Report for VALVOLINE INC (VVV)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- VVV
- Reported as of
- 16 Nov 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 20 Nov 2023, 16:05:46 UTC
- Prior SEC filing
- 14 Nov 2023
- Next SEC filing
- 21 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ian C. Lofwall, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Mary E. Meixelsperger filed Form 4 for VALVOLINE INC (VVV) on 20 Nov 2023.
Change
- Previous filing in this sequence was filed on 14 Nov 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VVV
transaction
Derivative
Performance Stock Units
Award
- Transaction value
- $0
- Shares
- +31,841
- Change %
- Price
- $0.000000
- Shares after
- 31,841
- Date
- 16 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 31,841
- Exercise price
- Footnotes
- F1, F2
VVV
transaction
Derivative
FY 2024 Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +7,040
- Change %
- Price
- $0.000000
- Shares after
- 7,040
- Date
- 16 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,040
- Exercise price
- Footnotes
- F1, F3
VVV
transaction
Derivative
FY 2024 Stock Appreciation Rights
Award
- Transaction value
- $0
- Shares
- +14,710
- Change %
- Price
- $0.000000
- Shares after
- 14,710
- Date
- 16 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 14,710
- Exercise price
- $34.94
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
Footnote F2
Represents performance stock units ("PSUs") earned from the FY 21-23 PSU award granted on Nov. 12, 2020, as certified by the Compensation Committee on Nov. 16, 2023. Earned PSUs vested on the last day of the performance period. The PSUs were measured against performance goals over three separate one-year measurement periods (adjusted EPS for FY21 and FY22 and adjusted Net Income for FY23), and a fourth FY21 - FY23 measurement period (average of the three one-year performance measures) with a potential payout of 0% to 200% of Target. Each measurement period was weighted equally at 25%. The entire PSU payout was subject to a payment modifier (-25%, 0% or +25%) based on Valvoline's FY21 - FY23 TSR relative to the S&P MidCap 400 Index. Based on Valvoline's performance, the Compensation Committee awarded a PSU payout equal to 170% of Target with no modification based on TSR performance. The earned PSUs are expected to be distributed on Nov. 20, 2023.
Footnote F3
The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
Footnote F4
Fifty percent (50%) of the stock appreciation rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date.