| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VVV | Common Stock | Award | +21.2K | +116.7% | 39.4K | Nov 12, 2024 | Direct | F1, F2 | ||
| transaction | VVV | Common Stock | Tax liability | -$302K | -7.08K | -17.97% | $42.61 | 32.3K | Nov 12, 2024 | Direct |
| Id | Content |
|---|---|
| F1 | Represents shares earned from the FY22-FY24 PSU award granted on May 2, 2022, as certified by the Compensation Committee of the Board of Directors on November 12, 2024. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against adjusted EPS/adjusted Net Income performance goals over three separate one-year measurement periods for each of FY22, FY23 and FY24, and the average of those results for the FY22-FY24 measurement period with a potential payout of 0% to 200% of Target. Each measurement period was weighted equally at 25%. The entire PSU payout was subject to a payment modifier (-25%, 0%, or +25%) based on Valvoline's FY22-FY24 total relative shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's adjusted EPS/adjusted Net Income and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 132.6% of Target. |
| F2 | Performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis. |