Lori Ann Flees - Nov 30, 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
President & CEO, Director
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Stock symbol
VVV
Transactions as of
Nov 30, 2023
Transactions value $
$162,370
Form type
4
Date filed
1/30/2024, 05:35 PM
Previous filing
Nov 30, 2023
Next filing
Jan 12, 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 Deferred Stock Units Award $145K +4.24K +4413.54% $34.24 4.33K Nov 30, 2023 Common Stock 4.24K Direct F1, F2
transaction VVV Deferred Stock Units Award $8.64K +232 +5.35% $37.26 4.57K Dec 14, 2023 Common Stock 232 Direct F1, F2
transaction VVV Deferred Stock Units Award $8.65K +228 +4.99% $37.94 4.79K Dec 28, 2023 Common Stock 228 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution from the Valvoline Inc. 2016 Deferred Compensation Plan for Employees (the "Deferred Compensation Plan").
F2 Shares of Valvoline Common Stock become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Deferred Compensation Plan) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Deferred Compensation Plan.
F3 This Form 4 amends the Number of Derivative Securities Beneficially Owned Following Reported Transactions as previously reported on Forms 4 filed on January 12, 2024 and January 29, 2024.