VALVOLINE INC — Director's Dealing 2023

Aug 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2023-08-11

Reporting Person: O'Daniel Julie Marie (CLO and Corp. Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-11	Common Stock	M	13490	$23.08	Acquired	29720	Direct
2023-08-11	Common Stock	F	10403	$34.69	Disposed	19317	Direct
2023-08-11	Common Stock	S	3087	$34.675	Disposed	16230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-11	Stock Appreciation Right	$23.08	M	13490	Disposed	2027-11-13	Common Stock (13490)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3038	Indirect

Footnotes

F1: 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.

F2: Fifty percent (50%) of the stock appreciation rights (SARs) vested on November 13, 2018, 25% of the SARs vested on November 13, 2019 and 25% of the SARs vested on November 13, 2020.