Key facts
- This page summarizes Jamal K. Muashsher's Form 4 filing for VALVOLINE INC (VVV).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 21 Nov 2022, 16:50.
Jamal K. Muashsher - 17 Nov 2022 Form 4 Insider Report for VALVOLINE INC (VVV)
- Reporting relationship
- SVP and Pres., Global Products
- Issuer ticker
- VVV
- Reported as of
- 17 Nov 2022
- Net transaction value
- -$116,360
- SEC form
- 4
- Accepted by SEC
- 21 Nov 2022, 16:50:52 UTC
- Prior SEC filing
- 15 Nov 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ian C. Lofwall, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Jamal K. Muashsher filed Form 4 for VALVOLINE INC (VVV) on 21 Nov 2022.
Change
- Previous filing in this sequence was filed on 15 Nov 2022.
- Current net transaction value: -$116,360.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VVV
transaction
Common Stock
Award
- Transaction value
- Shares
- +11,200
- Change %
- +120%
- Price
- Shares after
- 20,555
- Date
- 17 Nov 2022
- Ownership
- Direct
- Footnotes
- F1, F2
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $116,360
- Shares
- -3,540
- Change %
- -17%
- Price
- $32.87
- Shares after
- 17,015
- Date
- 17 Nov 2022
- Ownership
- Direct
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Represents shares earned from the FY20-FY22 performance stock unit ("PSU") award granted on November 14, 2019, as certified by the Compensation Committee of the Board of Directors on November 17, 2022. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against EPS performance goals over three separate one-year measurement periods for each of FY20, FY21 and FY22, and a fourth cumulative FY20-FY22 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 FY20-FY22 total shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's EPS performance and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 200% of Target.
Footnote F2
PSUs convert into Valvoline common stock on a one-for-one basis.