Jonathan L. Caldwell - Nov 20, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief People Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 20, 2023
Transactions value $
-$68,168
Form type
4
Date filed
11/21/2023, 04:03 PM
Previous filing
Nov 20, 2023
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Options Exercise +6.17 K +50.17% 18.5 K Nov 20, 2023 Direct F1
transaction VVV Common Stock Tax liability -$68.2 K -1.95 K -10.56% $34.94 16.5 K Nov 20, 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 Performance Stock Units Options Exercise $0 -6.17 K -100% $0.00 0 Nov 20, 2023 Common Stock 6.17 K Direct F1, F2

Explanation of Responses:

Id Content
F1 Performance stock units convert into Valvoline common stock on a one-for-one basis.
F2 Represents PSUs earned from the FY21-FY23 performance period as certified by the Compensation Committee of the Board of Directors on Nov. 16, 2023. The earned PSUs became 100% vested on September 30, 2023 and are distributed as soon as practicable after certification of the award by the Compensation Committee.