Key facts
- This page summarizes Robert Travis Dobbins'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.
Robert Travis Dobbins - 11 Nov 2024 Form 4 Insider Report for VALVOLINE INC (VVV)
- Reporting relationship
- Chief Technology Officer
- Issuer ticker
- VVV
- Reported as of
- 11 Nov 2024
- Net transaction value
- -$45,778
- SEC form
- 4
- Accepted by SEC
- 13 Nov 2024, 17:49:34 UTC
- Prior SEC filing
- 04 Mar 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
Robert Travis Dobbins filed Form 4 for VALVOLINE INC (VVV) on 13 Nov 2024.
Change
- Previous filing in this sequence was filed on 04 Mar 2024.
- Current net transaction value: -$45,778.
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
- +738
- Change %
- +5.5%
- Price
- Shares after
- 14,215
- Date
- 11 Nov 2024
- Ownership
- Direct
- Footnotes
- F1
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $9,772
- Shares
- -226
- Change %
- -1.6%
- Price
- $43.24
- Shares after
- 13,989
- Date
- 11 Nov 2024
- Ownership
- Direct
VVV
transaction
Common Stock
Award
- Transaction value
- Shares
- +2,759
- Change %
- +20%
- Price
- Shares after
- 16,748
- Date
- 12 Nov 2024
- Ownership
- Direct
- Footnotes
- F1, F2
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $36,005
- Shares
- -845
- Change %
- -5%
- Price
- $42.61
- Shares after
- 15,903
- Date
- 12 Nov 2024
- Ownership
- Direct
VVV
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,945
- Date
- 11 Nov 2024
- Ownership
- By 401(k) Plan
- Footnotes
- F3
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
- -738
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 11 Nov 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 738
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 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
Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on the earliest Transaction Date.
Footnote F4
The restricted stock units granted on November 11, 2021 vest in three equal annual installments beginning on the first anniversary of the grant date.