Lockwood Frances E. 4
4 · VALVOLINE INC · Filed Nov 21, 2018
Insider Transaction Report
Form 4
Lockwood Frances E.
Chief Technology Officer
Transactions
- Award
Stock Appreciation Right
2018-11-19+7,000→ 7,000 totalExercise: $20.37Exp: 2028-11-19→ Common Stock (7,000 underlying) - Award
Units
2018-11-19+1,880→ 1,880 total→ Common Stock (1,880 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a right to receive one share of Valvoline common stock.
- [F2]The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- [F3]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.