Form 4 for VVV VALVOLINE INC

Accepted 2024-11-13 00:00:00 ET · period of report 2024-11-12 · accession 0001674910-24-000125 · 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
	2024-11-13	2024-11-12	VVV	Flees Lori Ann	Pres, CEO, Dir	A - Grant	—	+21.2K	39.4K	+117%	—
	2024-11-13	2024-11-12	VVV	Flees Lori Ann	Pres, CEO, Dir	F - Tax	$42.61	-7,079	32.3K	-18%	-$301.6K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-11-12	A	A	21,216	—	39,396	D	—	—	(F1) Represents shares earned from the FY22-FY24 PSU award granted on May 2, 2022, as certified by the Compensation Committee of the Board of Directors on November 12, 2024. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against adjusted EPS/adjusted Net Income performance goals over three separate one-year measurement periods for each of FY22, FY23 and FY24, and the average of those results for the FY22-FY24 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 FY22-FY24 total relative shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's adjusted EPS/adjusted Net Income and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 132.6% of Target. (F2) Performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis.
2	Common	Common Stock	2024-11-12	F	D	7,079	$42.61	32,317	D	—	—