0001674910-23-000147.txt : 20231122
0001674910-23-000147.hdr.sgml : 20231122
20231122074131
ACCESSION NUMBER: 0001674910-23-000147
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231120
FILED AS OF DATE: 20231122
DATE AS OF CHANGE: 20231122
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: O'Daniel Julie Marie
CENTRAL INDEX KEY: 0001685295
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37884
FILM NUMBER: 231429985
MAIL ADDRESS:
STREET 1: 3499 BLAZER PARKWAY
CITY: LEXINGTON
STATE: KY
ZIP: 40509
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VALVOLINE INC
CENTRAL INDEX KEY: 0001674910
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRODUCTS OF PETROLEUM & COAL [2990]
IRS NUMBER: 300939371
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 100 VALVOLINE WAY
STREET 2: SUITE 100
CITY: LEXINGTON
STATE: KY
ZIP: 40509
BUSINESS PHONE: 859-357-2591
MAIL ADDRESS:
STREET 1: 100 VALVOLINE WAY
STREET 2: SUITE 100
CITY: LEXINGTON
STATE: KY
ZIP: 40509
4
1
wk-form4_1700656882.xml
FORM 4
X0508
4
2023-11-20
0
0001674910
VALVOLINE INC
VVV
0001685295
O'Daniel Julie Marie
100 VALVOLINE WAY, SUITE 100
LEXINGTON
KY
40509
0
1
0
0
Chief Legal Officer
1
Common Stock
2023-11-20
4
M
0
13362
A
29204
D
Common Stock
2023-11-20
4
F
0
4223
34.94
D
24981
D
Common Stock
2023-11-20
4
M
0
3500
20.37
A
28481
D
Common Stock
2023-11-20
4
F
0
2498
35.20
D
25983
D
Common Stock
3041
I
By 401(k) Plan
Performance Stock Units
2023-11-20
4
M
0
13362
0
D
Common Stock
13362
0
D
FY 2019 Stock Appreciation Rights
20.37
2023-11-20
4
M
0
3500
0
D
2028-11-19
Common Stock
3500
0
D
Performance stock units convert into Valvoline common stock on a one-for-one basis.
Transaction was effected pursuant to a 10b5-1 Plan adopted by the Reporting Person on May 31, 2023.
Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights.
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.
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.
Fifty percent (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.
/s/ Ian C. Lofwall, Attorney-in-Fact
2023-11-22