Form 4 for VVV VALVOLINE INC
Accepted 2024-11-13 00:00:00 ET · period of report 2024-11-11 · accession 0001674910-24-000126 · 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 | 2024-11-13 | 2024-11-11+ | VVV | Caldwell Jonathan L. | CHRO | F - Tax | $42.68 | -1,460 | 17.3K | -8% | -$62.3K |
| D | 2024-11-13 | 2024-11-12 | VVV | Caldwell Jonathan L. | CHRO | A - Grant | — | +4,138 | 21.4K | +24% | — |
| D | 2024-11-13 | 2024-11-11 | VVV | Caldwell Jonathan L. | CHRO | M - OptEx | — | +555 | 17.5K | +3% | — |
| D | 2024-11-13 | 2024-11-11 | VVV | Caldwell Jonathan L. | CHRO | M - OptEx | $0.00 | -555 | 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 | 2024-11-12 | F | D | 1,287 | $42.61 | 20,159 | D | — | — | |
| 2 | Common | Common Stock | 2024-11-11 | F | D | 173 | $43.24 | 17,308 | D | — | — | |
| 3 | Common | Common Stock | 2024-11-12 | A | A | 4,138 | — | 21,446 | D | — | — | (F2) Represents shares earned from the FY22-FY24 PSU award granted on November 11, 2021, 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. (F1) Restricted stock units (RSUs) and performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2024-11-11 | M | A | 555 | — | 17,481 | D | — | — | (F1) Restricted stock units (RSUs) and performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis. |
| 5 | Derivative | FY 2022 Restricted Stock Units | 2024-11-11 | M | D | 555 | $0.00 | 0 | D | — · — to — | 555 Common Stock | (F1) Restricted stock units (RSUs) and performance stock units (PSUs) 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. |