Robert Travis Dobbins - Nov 28, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Chief Technology Officer
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 28, 2023
Transactions value $
-$77,467
Form type
4
Date filed
11/30/2023, 04:21 PM
Previous filing
Nov 21, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVV Common Stock Sale -$24.1K -699 -4.83% $34.48 13.8K Nov 28, 2023 Direct
transaction VVV Common Stock Sale -$44.9K -1.3K -9.44% $34.49 12.5K Nov 28, 2023 Direct
transaction VVV Common Stock Options Exercise +791 +6.34% 13.3K Nov 29, 2023 Direct F1
transaction VVV Common Stock Tax liability -$8.49K -247 -1.86% $34.39 13K Nov 29, 2023 Direct
holding VVV Common Stock 1.95K Nov 28, 2023 By 401(k) Plan F2

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 2023 Restricted Stock Units Options Exercise $0 -791 -33.28% $0.00 1.59K Nov 29, 2023 Common Stock 791 Direct F1, 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 Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on the Transaction Date.
F3 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.