Form 4 for VVV VALVOLINE INC
Accepted 2021-11-15 00:00:00 ET · period of report 2021-11-11 · accession 0001674910-21-000122 · 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 | 2021-11-15 | 2021-11-11 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | A - Grant | — | +10.4K | 24.5K | +74% | — |
| DM | 2021-11-15 | 2021-11-11+ | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | F - Tax | $35.23 | -4,187 | 22.9K | -15% | -$147.5K |
| DM | 2021-11-15 | 2021-11-12 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | M - OptEx | — | +2,621 | 23.3K | +13% | — |
| D | 2021-11-15 | 2021-11-12 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | S - Sale+OE | $35.28 | -3,537 | 19.4K | -15% | -$124.8K |
| DM | 2021-11-15 | 2021-11-11 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | A - Grant | $0.00 | +13.0K | 10.1K | New | $0 |
| DM | 2021-11-15 | 2021-11-12 | VVV | O'Daniel Julie Marie | CLO, Corp. Secy | M - OptEx | $0.00 | -2,621 | 1,275 | -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 | A | A | 10,419 | — | 24,456 | 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. |
| 2 | Common | Common Stock | 2021-11-11 | F | D | 3,345 | $35.25 | 21,111 | D | — | — | |
| 3 | Common | Common Stock | 2021-11-12 | M | A | 1,274 | — | 22,385 | D | — | — | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2021-11-12 | F | D | 409 | $35.16 | 21,976 | D | — | — | |
| 5 | Common | Common Stock | 2021-11-12 | M | A | 1,347 | — | 23,323 | D | — | — | (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 | F | D | 433 | $35.16 | 22,890 | D | — | — | |
| 7 | Common | Common Stock | 2021-11-12 | S | D | 3,537 | $35.28 | 19,353 | D | — | — | (F3) Transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on August 27, 2021. |
| 8 | Derivative | FY 2022 Restricted Stock Units | 2021-11-11 | A | A | 2,890 | $0.00 | 2,890 | D | — · — to — | 2,890 Common Stock | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F5) 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 | 1,347 | $0.00 | 2,696 | D | — · — to — | 1,347 Common Stock | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F5) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 10 | Derivative | FY 2020 Restricted Stock Units | 2021-11-12 | M | D | 1,274 | $0.00 | 1,275 | D | — · — to — | 1,274 Common Stock | (F2) Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis. (F5) The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 11 | Derivative | FY 2022 Stock Appreciation Rights | 2021-11-11 | A | A | 10,110 | $0.00 | 10,110 | D | $35.25 · — to 2031-11-11 | 10,110 Common Stock | (F6) 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. |