InsiderTrades

Form 4 for VVV VALVOLINE INC

Accepted 2021-11-15 00:00:00 ET · period of report 2021-11-11 · accession 0001674910-21-000114 · 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
DM 2021-11-15 2021-11-11+ VVV Matheys Heidi J. SVP, CMO F - Tax $35.23 -2,816 29.8K -9% -$99.2K
DM 2021-11-15 2021-11-12 VVV Matheys Heidi J. SVP, CMO M - OptEx — +1,814 31.3K +6% —
D 2021-11-15 2021-11-11 VVV Matheys Heidi J. SVP, CMO A - Grant — +6,951 32.0K +28% —
DM 2021-11-15 2021-11-11 VVV Matheys Heidi J. SVP, CMO A - Grant $0.00 +8,940 6,950 New $0
DM 2021-11-15 2021-11-12 VVV Matheys Heidi J. SVP, CMO M - OptEx $0.00 -1,814 1,868 -49% $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2021-11-12 F D 300 $35.16 31,001 D — —
2 Common Common Stock 2021-11-12 F D 284 $35.16 30,369 D — —
3 Common Common Stock 2021-11-12 M A 882 — 30,653 D — — (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
4 Common Common Stock 2021-11-11 F D 2,232 $35.25 29,771 D — —
5 Common Common Stock 2021-11-11 A A 6,951 — 32,003 D — — (F1) Represents shares earned from the FY19-FY21 performance stock unit ("PSU") award granted on November 19, 2018, as certified by the Compensation Committee of the Board of Directors on November 11, 2021. 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 FY19, FY20 and FY21, and a fourth cumulative FY19-FY21 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 FY19-FY21 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 144.5% of Target. (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
6 Common Common Stock 2021-11-12 M A 932 — 31,301 D — — (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
7 Derivative FY 2022 Restricted Stock Units 2021-11-11 A A 1,990 $0.00 1,990 D — · — to — 1,990 Common Stock (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F3) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
8 Derivative FY 2020 Restricted Stock Units 2021-11-12 M D 882 $0.00 882 D — · — to — 882 Common Stock (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F3) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
9 Derivative FY 2021 Restricted Stock Units 2021-11-12 M D 932 $0.00 1,868 D — · — to — 932 Common Stock (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F3) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
10 Derivative FY 2022 Stock Appreciation Rights 2021-11-11 A A 6,950 $0.00 6,950 D $35.25 · — to 2031-11-11 6,950 Common Stock (F4) Fifty percent (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.