Linne Fulcher - 16 Nov 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Operating Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
16 Nov 2023
Net transactions value
$0
Form type
4
Filing time
20 Nov 2023, 16:06:37 UTC
Previous filing
06 Oct 2023
Next filing
30 Nov 2023
SEC
View on sec.gov

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 2024 Restricted Stock Units Award $0 +4,020 $0.000000 4,020 16 Nov 2023 Common Stock 4,020 Direct F1, F2
transaction VVV FY 2024 Stock Appreciation Rights Award $0 +8,410 $0.000000 8,410 16 Nov 2023 Common Stock 8,410 $34.94 Direct 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 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
F3 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.