VALVOLINE INC 4
4 · VALVOLINE INC · Filed Feb 21, 2017
Insider Transaction Report
Form 4
KIRK STEPHEN F
Director
Transactions
- Award
Restricted Stock Units
2016-12-20$20.81/sh+3.676$76→ 1,564.676 total→ Common Stock (3.676 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of VVV common stock. Subject to the terms and requirements of the 2016 Deferred Compensation Plan for Non-Employee Directors (the "Plan"), the reporting person may elect to transfer certain Restricted Stock Units granted under the Plan to another hypothetical investment alternative.
- [F2]Acquired pursuant to a dividend reinvestment feature of the Plan, and exempt pursuant to Rule 16b-3.
- [F3]The Restricted Stock Units were credited as dividends with respect to previously granted Restricted Stock Units under the Plan and vest on the same date as the previously granted Restricted Stock Units with respect to which they were credited as dividends.
- [F4]Subject to any deferral election on timing of distribution by the reporting person under the Plan, such units are payable upon separation from service as a director subject to the vesting conditions of the previously granted Restricted Stock Units with respect to which they were credited as dividends.