Form 4 for VVV VALVOLINE INC
Accepted 2021-11-15 00:00:00 ET · period of report 2021-11-11 · accession 0001674910-21-000116 · 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 | Gerrald Thomas A. II | SVP, CSCO | F - Tax | $35.23 | -3,111 | 16.3K | -16% | -$109.6K |
| DM | 2021-11-15 | 2021-11-12 | VVV | Gerrald Thomas A. II | SVP, CSCO | M - OptEx | — | +2,020 | 16.6K | +14% | — |
| D | 2021-11-15 | 2021-11-11 | VVV | Gerrald Thomas A. II | SVP, CSCO | A - Grant | — | +7,818 | 17.4K | +82% | — |
| DM | 2021-11-15 | 2021-11-11 | VVV | Gerrald Thomas A. II | SVP, CSCO | A - Grant | $0.00 | +9,750 | 7,580 | New | $0 |
| DM | 2021-11-15 | 2021-11-12 | VVV | Gerrald Thomas A. II | SVP, CSCO | M - OptEx | $0.00 | -2,020 | 983 | -67% | $0 |
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 | 2021-11-11 | F | D | 2,471 | $35.25 | 14,902 | D | — | — | |
| 2 | Common | Common Stock | 2021-11-12 | M | A | 982 | — | 15,884 | D | — | — | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2021-11-12 | F | D | 311 | $35.16 | 15,573 | D | — | — | |
| 4 | Common | Common Stock | 2021-11-12 | F | D | 329 | $35.16 | 16,282 | D | — | — | |
| 5 | Common | Common Stock | 2021-11-11 | A | A | 7,818 | — | 17,373 | 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 | 1,038 | — | 16,611 | 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 | 2,170 | $0.00 | 2,170 | D | — · — to — | 2,170 Common Stock | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F4) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 8 | Derivative | FY 2021 Restricted Stock Units | 2021-11-12 | M | D | 1,038 | $0.00 | 2,078 | D | — · — to — | 1,038 Common Stock | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F4) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 9 | Derivative | FY 2020 Restricted Stock Units | 2021-11-12 | M | D | 982 | $0.00 | 983 | D | — · — to — | 982 Common Stock | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F4) 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 | 7,580 | $0.00 | 7,580 | D | $35.25 · — to 2031-11-11 | 7,580 Common Stock | (F5) 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. |