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VALVOLINE INC — Director's Dealing 2023
Nov 21, 2023
31007_dirs_2023-11-21_0e3cc7b5-6da2-4afe-acc4-de2d3a50b25a.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: 2023-11-20
Reporting Person: Dobbins Robert Travis (Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-20 | Common Stock | M | 4318 | — | Acquired | 15821 | Direct |
| 2023-11-20 | Common Stock | F | 1343 | $34.94 | Disposed | 14478 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-20 | Performance Stock Units | $ | M | 4318 | Disposed | Common Stock (4318) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1948 | Indirect |
Footnotes
F1: Performance stock units convert into Valvoline common stock on a one-for-one basis.
F2: Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on the Transaction Date.
F3: Represents PSUs earned from the FY21-FY23 performance period as certified by the Compensation Committee of the Board of Directors on Nov. 16, 2023. The earned PSUs became 100% vested on September 30, 2023 and are distributed as soon as practicable after certification of the award by the Compensation Committee.