VALVOLINE INC — Director's Dealing 2019

Nov 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2019-11-14

Reporting Person: Patrick Brad (Chief People and Comm. Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-14	FY 2020 Restricted Stock Units	$	A	2830	Acquired		Common Stock (2830.0)	Direct
2019-11-14	FY 2020 Stock Appreciation Rights	$23.01	A	12160	Acquired	2029-11-14	Common Stock (12160.0)	Direct

Footnotes

F1: Each restricted stock unit represents a right to receive one share of Valvoline common stock.

F2: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

F3: 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.