VALVOLINE INC — Director's Dealing 2023

Nov 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2023-11-20

Reporting Person: Meixelsperger Mary E (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-20	Common Stock	M	31841	—	Acquired	151712	Direct
2023-11-20	Common Stock	F	11178	$34.94	Disposed	140534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-20	Performance Stock Units	$	M	31841	Disposed		Common Stock (31841)	Direct

Footnotes

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

F2: 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.