Lori Ann Flees - Nov 21, 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
Nov 21, 2024
Transactions value $
$0
Form type
4
Date filed
11/25/2024, 04:11 PM
Previous filing
Nov 18, 2024
Next filing
Dec 2, 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 2025 Restricted Stock Units Award $0 +18.1K $0.00 18.1K Nov 21, 2024 Common Stock 18.1K Direct F1, F2
transaction VVV FY 2025 Stock Appreciation Rights Award $0 +45.7K $0.00 45.7K Nov 21, 2024 Common Stock 45.7K $38.56 Direct 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 The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
F3 Fifty percent (50%) of the stock appreciation rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date.