Key facts
- This page summarizes Mary E. Meixelsperger's Form 4 filing for VALVOLINE INC (VVV).
- 5 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 Nov 2024, 17:49.
Mary E. Meixelsperger - 11 Nov 2024 Form 4 Insider Report for VALVOLINE INC (VVV)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- VVV
- Reported as of
- 11 Nov 2024
- Net transaction value
- -$224,647
- SEC form
- 4
- Accepted by SEC
- 13 Nov 2024, 17:49:04 UTC
- Prior SEC filing
- 01 Jul 2024
- Next SEC filing
- 18 Nov 2024
- 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.
5 source fields
Reporting owner
1 detail
Key filing fact
Mary E. Meixelsperger filed Form 4 for VALVOLINE INC (VVV) on 13 Nov 2024.
Change
- Previous filing in this sequence was filed on 01 Jul 2024.
- Current net transaction value: -$224,647.
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
- Shares
- +2,026
- Change %
- +1.4%
- Price
- Shares after
- 143,733
- Date
- 11 Nov 2024
- Ownership
- Direct
- Footnotes
- F1
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $26,809
- Shares
- -620
- Change %
- -0.43%
- Price
- $43.24
- Shares after
- 143,113
- Date
- 11 Nov 2024
- Ownership
- Direct
VVV
transaction
Common Stock
Award
- Transaction value
- Shares
- +15,170
- Change %
- +11%
- Price
- Shares after
- 158,283
- Date
- 12 Nov 2024
- Ownership
- Direct
- Footnotes
- F1, F2
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $197,838
- Shares
- -4,643
- Change %
- -2.9%
- Price
- $42.61
- Shares after
- 153,640
- Date
- 12 Nov 2024
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VVV
transaction
Derivative
FY 2022 Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,026
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 11 Nov 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,026
- Exercise price
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Restricted stock units (RSUs) and performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis.
Footnote F2
Represents shares earned from the FY22-FY24 PSU award granted on November 11, 2021, 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.
Footnote F3
The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.