Form 4 for VVV VALVOLINE INC
Accepted 2024-11-13 00:00:00 ET · period of report 2024-11-11 · accession 0001674910-24-000127 · 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 | 2024-11-13 | 2024-11-11 | VVV | Dobbins Robert Travis | CTO | M - OptEx | — | +738 | 14.2K | +5% | — |
| D | 2024-11-13 | 2024-11-12 | VVV | Dobbins Robert Travis | CTO | A - Grant | — | +2,759 | 16.7K | +20% | — |
| DM | 2024-11-13 | 2024-11-11+ | VVV | Dobbins Robert Travis | CTO | F - Tax | $42.74 | -1,071 | 15.9K | -6% | -$45.8K |
| D | 2024-11-13 | 2024-11-11 | VVV | Dobbins Robert Travis | CTO | M - OptEx | $0.00 | -738 | 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 | 2024-11-11 | M | A | 738 | — | 14,215 | D | — | — | (F1) Restricted stock units (RSUs) and performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2024-11-12 | A | A | 2,759 | — | 16,748 | 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. |
| 3 | Common | Common Stock | 2024-11-11 | F | D | 226 | $43.24 | 13,989 | D | — | — | |
| 4 | Common | Common Stock | 2024-11-12 | F | D | 845 | $42.61 | 15,903 | D | — | — | |
| 5 | Derivative | FY 2022 Restricted Stock Units | 2024-11-11 | M | D | 738 | $0.00 | 0 | D | — · — to — | 738 Common Stock | (F1) Restricted stock units (RSUs) and performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis. (F4) The restricted stock units granted on November 11, 2021 vest in three equal annual installments beginning on the first anniversary of the grant date. |