Form 4 for VVV VALVOLINE INC
Accepted 2021-08-24 00:00:00 ET · period of report 2021-08-20 · accession 0001674910-21-000095 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-24 | 2021-08-20 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | S - Sale+OE | $29.81 | -4,969 | 14.0K | -26% | -$148.1K |
| DI | 2021-08-24 | 2021-08-20 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | I - Discretionary | $29.81 | +2,038 | 2,965 | +220% | +$60.8K |
| DM | 2021-08-24 | 2021-08-20 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | M - OptEx | $20.08 | +44.9K | 14.4K | New | +$902.4K |
| DM | 2021-08-24 | 2021-08-20 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | F - Tax | $29.79 | -35.0K | 19.0K | -65% | -$1.04M |
| DM | 2021-08-24 | 2021-08-20 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | M - OptEx | $0.00 | -44.9K | 0 | -100% | $0 |
| D | 2021-08-24 | 2021-08-20 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | I - Discretionary | $29.81 | +3,768 | 3,768 | New | +$112.3K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-08-20 | S | D | 4,969 | $29.81 | 14,037 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were sold in multiple transactions at prices ranging from $29.80 to $29.821, inclusive. Upon request, the Reporting Person will provide to Valvoline, any security holder of Valvoline, or the staff of the Securities and Exchange Commission full information regarding the shares of Valvoline common stock sold at each separate price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2021-08-20 | I | A | 2,038 | $29.81 | 2,965 | I | — | — | (F3) Represents the approximate number of shares of Valvoline Comon Stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline Common Stock as of the close of business on the the Reporting Date. |
| 3 | Common | Common Stock | 2021-08-20 | M | A | 4,304 | $16.67 | 13,369 | D By 401(k) Plan | — | — | |
| 4 | Common | Common Stock | 2021-08-20 | F | D | 3,016 | $29.81 | 10,353 | D | — | — | (F1) Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. |
| 5 | Common | Common Stock | 2021-08-20 | M | A | 10,500 | $20.37 | 27,251 | D | — | — | |
| 6 | Common | Common Stock | 2021-08-20 | F | D | 3,226 | $29.79 | 11,162 | D | — | — | (F1) Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. |
| 7 | Common | Common Stock | 2021-08-20 | M | A | 5,111 | $20.80 | 16,273 | D | — | — | |
| 8 | Common | Common Stock | 2021-08-20 | F | D | 4,065 | $29.78 | 12,208 | D | — | — | (F1) Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. |
| 9 | Common | Common Stock | 2021-08-20 | M | A | 20,983 | $20.29 | 33,191 | D | — | — | |
| 10 | Common | Common Stock | 2021-08-20 | F | D | 16,440 | $29.79 | 16,751 | D | — | — | (F1) Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. |
| 11 | Common | Common Stock | 2021-08-20 | F | D | 8,245 | $29.80 | 19,006 | D | — | — | (F1) Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. |
| 12 | Common | Common Stock | 2021-08-20 | M | A | 4,035 | $20.99 | 14,388 | D | — | — | |
| 13 | Derivative | FY 2017 Stock Appreciation Right | 2021-08-20 | M | D | 20,983 | $0.00 | 0 | D | $20.29 · — to 2026-12-16 | 20,983 Common Stock | (F4) 50% of the Stock Appreciation Rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date. |
| 14 | Derivative | FY 2016 Stock Appreciation Right | 2021-08-20 | M | D | 5,111 | $0.00 | 0 | D | $20.80 · — to 2025-12-18 | 5,111 Common Stock | (F4) 50% of the Stock Appreciation Rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date. |
| 15 | Derivative | FY 2015 Stock Appreciation Right | 2021-08-20 | M | D | 4,035 | $0.00 | 0 | D | $20.99 · — to 2024-12-12 | 4,035 Common Stock | (F4) 50% of the Stock Appreciation Rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date. |
| 16 | Derivative | FY 2019 Stock Appreciation Rights | 2021-08-20 | M | D | 10,500 | $0.00 | 3,500 | D | $20.37 · — to 2028-11-19 | 10,500 Common Stock | (F4) 50% of the Stock Appreciation Rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date. |
| 17 | Derivative | Units | 2021-08-20 | I | A | 3,768 | $29.81 | 3,768 | D | — · — to — | 3,768 Common Stock | (F5) Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution. (F6) Shares of Valvoline common stock become payable in respect of the units upon the Reporting Person's death or separation from service in accordance with the terms of the Nonqualified Defined Contribution Plan. |
| 18 | Derivative | FY 2014 Stock Appreciation Right | 2021-08-20 | M | D | 4,304 | $0.00 | 0 | D | $16.67 · — to 2023-12-13 | 4,304 Common Stock | (F4) 50% of the Stock Appreciation Rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date. |