Manager Vada O 4

What Happened Vada O, a director of Valvoline Inc. (VVV), reported the conversion/exercise of restricted stock units (derivative security) on 2026-01-28. The filing shows 3,750 shares were acquired at $32.84 per share (total value $123,150) and a matching 3,750 shares were reported as disposed at $0.00 — consistent with shares withheld to satisfy tax withholding on the RSU settlement. This is a compensation-related vesting/settlement event, not an open-market sale.

Key Details

• Transaction date: 2026-01-28. Filing date: 2026-01-29 (timely).
• Acquired: 3,750 shares at $32.84 each (total $123,150).
• Disposed: 3,750 shares at $0.00 (derivative) — reported disposal consistent with withholding/tax settlement.
• Transaction code: M (exercise or conversion of derivative security).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 — RSUs convert into common stock one-for-one. F2 — RSUs vest and settle on the first anniversary of grant unless deferred.

Context The M-code conversion here reflects RSU vesting/settlement rather than a market purchase or sale. The paired acquired and disposed entries are a common net-settlement/tax-withholding pattern (company retains or withholds shares to cover withholding obligations). Such compensation-related conversions are routine and do not necessarily indicate the director is buying or selling shares in the open market.