Pacious Patrick 4

What Happened Pacious Patrick, a director of Valvoline Inc. (VVV), exercised options on January 28, 2026 to acquire 3,750 shares at $32.84 per share for a total cash cost of $123,150. The Form 4 also shows a corresponding derivative-category disposition of 3,750 shares at $0 (reported as a derivative disposition) and a separate grant of 4,300 restricted stock units (RSUs) awarded the same day.

Key Details

• Transaction date: 2026-01-28.
• Option exercise: 3,750 shares acquired at $32.84 each; total $123,150 (transaction code M = exercise/conversion of derivative).
• Derivative disposition: 3,750 shares reported disposed at $0 (derivative category) on the same date (often reflects shares withheld to cover exercise cost or tax withholding).
• RSU grant: 4,300 restricted stock units awarded (transaction code A = award/grant; $0 per share reported).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: RSUs convert into common stock one-for-one.
  • F2: RSUs vest and settle on the first anniversary of the grant, unless the director elects to defer settlement until separation from service.
  • F3: RSU grant is the annual award under the Valvoline Inc. 2026 Omnibus Incentive Plan.
• Filing timeliness: not indicated in the provided data.

Context

• Code M indicates an option/derivative exercise. The simultaneous derivative disposition at $0 is commonly used when shares are surrendered or withheld in connection with an exercise (for taxes or to cover exercise cost); the filing does not show any open-market sale of shares.
• The 4,300 RSUs are a non-cash equity award that will convert to shares according to the vesting/settlement rules noted in the footnotes and do not represent an immediate sale or purchase on the open market.
• These transactions are routine insider equity transactions (exercise and annual grant); they are factual disclosures and do not, by themselves, indicate the director’s market view.