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