Key facts
- This page summarizes Heidi J. Matheys's Form 4 filing for VALVOLINE INC (VVV).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 15 May 2023, 08:19.
Heidi J. Matheys - 11 May 2023 Form 4 Insider Report for VALVOLINE INC (VVV)
- Reporting relationship
- SVP, Chief Commercial Officer
- Issuer ticker
- VVV
- Reported as of
- 11 May 2023
- Net transaction value
- -$139,136
- SEC form
- 4
- Accepted by SEC
- 15 May 2023, 08:19:25 UTC
- Prior SEC filing
- 05 Apr 2023
- 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
Heidi J. Matheys filed Form 4 for VALVOLINE INC (VVV) on 15 May 2023.
Change
- Previous filing in this sequence was filed on 05 Apr 2023.
- Current net transaction value: -$139,136.
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
Options Exercise
- Transaction value
- $207,720
- Shares
- +9,000
- Change %
- +24%
- Price
- $23.08
- Shares after
- 46,159
- Date
- 11 May 2023
- Ownership
- Direct
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $248,479
- Shares
- -6,454
- Change %
- -14%
- Price
- $38.50
- Shares after
- 39,705
- Date
- 11 May 2023
- Ownership
- Direct
- Footnotes
- F1
VVV
transaction
Common Stock
Sale
- Transaction value
- $98,377
- Shares
- -2,546
- Change %
- -6.4%
- Price
- $38.64
- Shares after
- 37,159
- Date
- 12 May 2023
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VVV
transaction
Derivative
Stock Appreciation Right
Options Exercise
- Transaction value
- $0
- Shares
- -9,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 11 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 9,000
- Exercise price
- $23.08
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 2 footnotes
Footnote F1
Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of Stock Appreciation Rights.
Footnote F2
Fifty percent (50%) of the Stock Appreciation Rights vested on November 13, 2018 and 25% vested on each of November 13, 2019 and November 13, 2020.
SEC remarks
Transactions were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on February 17, 2023.