VALVOLINE INC 4
4 · VALVOLINE INC · Filed Jan 26, 2017
Insider Transaction Report
Form 4
KIRK STEPHEN F
Director
Transactions
- Award
Restricted Stock Units
2017-01-24+4,960→ 6,521 total→ Common Stock (4,960 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of VVV common stock.
- [F2]Represents annual award of Restricted Stock Units pursuant to Issuer's 2016 Deferred Compensation Plan for Non-Employee Directors, and exempt pursuant to Rule 16b-3.
- [F3]The Restricted Stock Units vest one year after date of grant.
- [F4]Subject to any deferral election on timing of distribution by the reporting person under the Plan, the reporting person may, prior to vesting, elect to receive the Restricted Stock Units in Common Stock or cash upon separation from service as a director.