4//SEC Filing
Moughler Craig A. 4
Accession 0001674910-20-000182
CIK 0001674910other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 7:45 PM ET
Size
21.7 KB
Accession
0001674910-20-000182
Insider Transaction Report
Form 4
Moughler Craig A.
Sr. VP, Int'l & Product Supply
Transactions
- Tax Payment
Common Stock
2020-11-13$22.35/sh−264$5,900→ 17,193 total - Award
FY 2021 Stock Appreciation Rights
2020-11-12+12,970→ 12,970 totalExercise: $21.60Exp: 2030-11-12→ Common Stock (12,970 underlying) - Tax Payment
Common Stock
2020-11-12$21.60/sh−740$15,984→ 16,622 total - Exercise/Conversion
Common Stock
2020-11-13+964→ 18,157 total - Exercise/Conversion
FY 2020 Restricted Stock Units
2020-11-13−964→ 1,930 total→ Common Stock (964 underlying) - Award
Common Stock
2020-11-12+2,340→ 17,362 total - Exercise/Conversion
Common Stock
2020-11-13+835→ 17,457 total - Tax Payment
Common Stock
2020-11-13$22.35/sh−305$6,817→ 17,852 total - Award
FY 2021 Restricted Stock Units
2020-11-12+3,060→ 3,060 total→ Common Stock (3,060 underlying) - Exercise/Conversion
FY 2018 Restricted Stock Units
2020-11-13−835→ 0 total→ Common Stock (835 underlying)
Holdings
- 5,548(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]Represents shares earned from the FY18-FY20 performance stock unit ("PSU") award granted on November 13, 2017, as certified by the Compensation Committee of the Board of Directors on November 12, 2020. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against EPS performance goals over three separate one-year measurement periods for each of FY18, FY19 and FY20, and a fourth cumulative FY18-FY20 measurement period with a potential payout of 0% to 200% of Target. Each measurement period was weighted equally at 25%. The entire PSU payout was subject to a payment modifier (-25%, 0% or +25%) based on Valvoline's FY18-FY20 total shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's EPS performance and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 51.2% of Target.
- [F2]Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
- [F3]Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock as of the close of business on the earliest Transaction Date.
- [F4]The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- [F5]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.
Documents
Issuer
VALVOLINE INC
CIK 0001674910
Entity typeother
Related Parties
1- filerCIK 0001685753
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 7:45 PM ET
- Size
- 21.7 KB