SONSTEBY CHARLES M - 26 Jan 2023 Form 4 Insider Report for VALVOLINE INC (VVV)

Role
Director
Signature
/s/ Ian C. Lofwall, Attorney-in-Fact
Issuer symbol
VVV
Transactions as of
26 Jan 2023
Net transactions value
$0
Form type
4
Filing time
27 Jan 2023, 15:18:09 UTC
Previous filing
29 Nov 2022
Next filing
28 Feb 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VVV FY 2023 Restricted Stock Units Award $0 +3,947 $0.000000 3,947 26 Jan 2023 Common Stock 3,947 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Valvoline common stock on a one-for-one basis.
F2 Represents annual award of restricted stock units pursuant to the 2016 Valvoline Inc. Incentive Plan.
F3 The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.