Patrick Brad 4
4 · VALVOLINE INC · Filed Nov 18, 2019
Insider Transaction Report
Form 4
Patrick Brad
Chief People and Comm. Officer
Transactions
- Award
FY 2020 Restricted Stock Units
2019-11-14+2,830→ 2,830 total→ Common Stock (2,830 underlying) - Award
FY 2020 Stock Appreciation Rights
2019-11-14+12,160→ 12,160 totalExercise: $23.01Exp: 2029-11-14→ Common Stock (12,160 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.