Form 4 for VVV VALVOLINE INC
Accepted 2023-11-22 00:00:00 ET · period of report 2023-11-20 · accession 0001674910-23-000147 · 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 | 2023-11-22 | 2023-11-20 | VVV | O'Daniel Julie Marie | CLO | F - Tax | $35.04 | -6,721 | 25.0K | -21% | -$235.5K |
| DM | 2023-11-22 | 2023-11-20 | VVV | O'Daniel Julie Marie | CLO | M - OptEx | $20.37 | +16.9K | 28.5K | +145% | +$343.5K |
| DM | 2023-11-22 | 2023-11-20 | VVV | O'Daniel Julie Marie | CLO | M - OptEx | $0.00 | -16.9K | 0 | -100% | $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 | 2023-11-20 | F | D | 2,498 | $35.20 | 25,983 | D | — | — | (F3) Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. |
| 2 | Common | Common Stock | 2023-11-20 | M | A | 13,362 | — | 29,204 | D | — | — | (F1) Performance stock units convert into Valvoline common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2023-11-20 | F | D | 4,223 | $34.94 | 24,981 | D | — | — | |
| 4 | Common | Common Stock | 2023-11-20 | M | A | 3,500 | $20.37 | 28,481 | D | — | — | (F2) Transaction was effected pursuant to a 10b5-1 Plan adopted by the Reporting Person on May 31, 2023. |
| 5 | Derivative | Performance Stock Units | 2023-11-20 | M | D | 13,362 | $0.00 | 0 | D | — · — to — | 13,362 Common Stock | (F5) Represents PSUs earned from the FY21-FY23 performance period as certified by the Compensation Committee of the Board of Directors on Nov. 16, 2023. The earned PSUs became 100% vested on September 30, 2023 and are distributed as soon as practicable after certification of the award by the Compensation Committee. (F1) Performance stock units convert into Valvoline common stock on a one-for-one basis. |
| 6 | Derivative | FY 2019 Stock Appreciation Rights | 2023-11-20 | M | D | 3,500 | $0.00 | 0 | D | $20.37 · — to 2028-11-19 | 3,500 Common Stock | (F2) Transaction was effected pursuant to a 10b5-1 Plan adopted by the Reporting Person on May 31, 2023. (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. |