Mary E. Meixelsperger - Nov 20, 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 20, 2023
Transactions value $: -$390,559
Form type: 4
Date filed: 11/21/2023, 04:04 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		+31.8K	+26.56%		152K	Nov 20, 2023	Direct	F1
transaction	VVV	Common Stock	Tax liability	-$391K	-11.2K	-7.37%	$34.94	141K	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	-31.8K	-100%	$0.00^*	0	Nov 20, 2023	Common Stock	31.8K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.