Key facts
- This page summarizes Samuel J. Mitchell'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.
Samuel J. Mitchell - 17 Nov 2022 Form 4 Insider Report for VALVOLINE INC (VVV)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- VVV
- Reported as of
- 17 Nov 2022
- Net transaction value
- -$1,991,593
- SEC form
- 4
- Accepted by SEC
- 21 Nov 2022, 16:50:34 UTC
- Prior SEC filing
- 15 Nov 2022
- Next SEC filing
- 01 Dec 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.
5 source fields
Reporting owner
1 detail
Key filing fact
Samuel J. Mitchell 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: -$1,991,593.
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
- +128,640
- Change %
- +34%
- Price
- Shares after
- 502,593
- Date
- 17 Nov 2022
- Ownership
- Direct
- Footnotes
- F1, F2
VVV
transaction
Common Stock
Tax liability
- Transaction value
- $1,991,593
- Shares
- -60,590
- Change %
- -12%
- Price
- $32.87
- Shares after
- 442,003
- Date
- 17 Nov 2022
- Ownership
- Direct
VVV
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5,672
- Date
- 17 Nov 2022
- Ownership
- By 401(k) Plan
- Footnotes
- 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
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.
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.