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VALVOLINE INC — Director's Dealing 2021
Aug 24, 2021
31007_dirs_2021-08-24_9de5ff51-3480-4a5d-a261-08094b349df9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2021-08-20
Reporting Person: O'Daniel Julie Marie (CLO and Corp. Secy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-20 | Common Stock | M | 4304 | $16.67 | Acquired | 13369 | Direct |
| 2021-08-20 | Common Stock | F | 3016 | $29.81 | Disposed | 10353 | Direct |
| 2021-08-20 | Common Stock | M | 4035 | $20.99 | Acquired | 14388 | Direct |
| 2021-08-20 | Common Stock | F | 3226 | $29.79 | Disposed | 11162 | Direct |
| 2021-08-20 | Common Stock | M | 5111 | $20.80 | Acquired | 16273 | Direct |
| 2021-08-20 | Common Stock | F | 4065 | $29.78 | Disposed | 12208 | Direct |
| 2021-08-20 | Common Stock | M | 20983 | $20.29 | Acquired | 33191 | Direct |
| 2021-08-20 | Common Stock | F | 16440 | $29.79 | Disposed | 16751 | Direct |
| 2021-08-20 | Common Stock | M | 10500 | $20.37 | Acquired | 27251 | Direct |
| 2021-08-20 | Common Stock | F | 8245 | $29.795 | Disposed | 19006 | Direct |
| 2021-08-20 | Common Stock | S | 4969 | $29.808 | Disposed | 14037 | Direct |
| 2021-08-20 | Common Stock | I | 2038 | $29.81 | Acquired | 2965 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-20 | FY 2014 Stock Appreciation Right | $16.67 | M | 4304 | Disposed | 2023-12-13 | Common Stock (4304.0) | Direct |
| 2021-08-20 | FY 2015 Stock Appreciation Right | $20.99 | M | 4035 | Disposed | 2024-12-12 | Common Stock (4035.0) | Direct |
| 2021-08-20 | FY 2016 Stock Appreciation Right | $20.8 | M | 5111 | Disposed | 2025-12-18 | Common Stock (5111.0) | Direct |
| 2021-08-20 | FY 2017 Stock Appreciation Right | $20.29 | M | 20983 | Disposed | 2026-12-16 | Common Stock (20983.0) | Direct |
| 2021-08-20 | FY 2019 Stock Appreciation Rights | $20.37 | M | 10500 | Disposed | 2028-11-19 | Common Stock (10500.0) | Direct |
| 2021-08-20 | Units | $ | I | 3768 | Acquired | Common Stock (3768.0) | Direct |
Footnotes
F1: Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights.
F2: The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were sold in multiple transactions at prices ranging from $29.80 to $29.821, inclusive. Upon request, the Reporting Person will provide to Valvoline, any security holder of Valvoline, or the staff of the Securities and Exchange Commission full information regarding the shares of Valvoline common stock sold at each separate price within the range set forth in this footnote.
F3: Represents the approximate number of shares of Valvoline Comon Stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline Common Stock as of the close of business on the the Reporting Date.
F4: 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.
F5: Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution.
F6: Shares of Valvoline common stock become payable in respect of the units upon the Reporting Person's death or separation from service in accordance with the terms of the Nonqualified Defined Contribution Plan.