Richard J. Freeland - Jan 25, 2024 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Director
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Jan 25, 2024
Transactions value $
$0
Form type
4
Date filed
1/29/2024, 04:20 PM
Previous filing
Aug 31, 2023
Next filing
Feb 15, 2024

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 +3.74K $0.00 3.74K Jan 25, 2024 Common Stock 3.74K Direct F1, F2, 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 annual award of restricted stock units pursuant to the 2016 Valvoline Inc. Incentive Plan.
F3 The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.