VALVOLINE INC — Director's Dealing 2022

Dec 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2022-11-29

Reporting Person: Matheys Heidi J. (SVP, Chief Marketing Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-29	FY 2023 Restricted Stock Units	$	A	2180	Acquired		Common Stock (2180.0)	Direct
2022-11-29	FY 2023 Stock Appreciation Rights	$32.85	A	5490	Acquired	2032-11-29	Common Stock (5490.0)	Direct

Footnotes

F1: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

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 vested on the first anniversary of the grant date and 25% vested on each of the second and third anniversaries of the grant date.