Lori Ann Flees - May 16, 2024 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
May 16, 2024
Transactions value $
$1,732
Form type
4
Date filed
5/17/2024, 04:07 PM
Previous filing
May 3, 2024
Next filing
May 31, 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 $1.73K +41 +0.81% $42.24 5.12K May 16, 2024 Common Stock 41 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 Represents the number of deferred stock units acquired by the Reporting Person under the Deferred Compensation Plan through salary deferral.
F3 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.