4//SEC Filing
Muashsher Jamal K 4
Accession 0001674910-21-000126
CIK 0001674910other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 6:04 PM ET
Size
20.7 KB
Accession
0001674910-21-000126
Insider Transaction Report
Form 4
Muashsher Jamal K
SVP, International
Transactions
- Award
FY 2022 Restricted Stock Units
2021-11-11+2,350→ 2,350 total→ Common Stock (2,350 underlying) - Award
FY 2022 Stock Appreciation Rights
2021-11-11+8,210→ 8,210 totalExercise: $35.25Exp: 2031-11-11→ Common Stock (8,210 underlying) - Award
Common Stock
2021-11-11+2,443→ 6,799 total - Tax Payment
Common Stock
2021-11-11$35.25/sh−772$27,213→ 6,027 total - Exercise/Conversion
Common Stock
2021-11-12+982→ 7,009 total - Tax Payment
Common Stock
2021-11-12$35.16/sh−311$10,935→ 6,698 total - Exercise/Conversion
Common Stock
2021-11-12+1,038→ 7,736 total - Tax Payment
Common Stock
2021-11-12$35.16/sh−329$11,568→ 7,407 total - Exercise/Conversion
FY 2020 Restricted Stock Units
2021-11-12−982→ 983 total→ Common Stock (982 underlying) - Exercise/Conversion
FY 2021 Restricted Stock Units
2021-11-12−1,038→ 2,078 total→ Common Stock (1,038 underlying)
Footnotes (4)
- [F1]Represents shares earned from the FY19-FY21 performance stock unit ("PSU") award granted on November 19, 2018, as certified by the Compensation Committee of the Board of Directors on November 11, 2021. 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 FY19, FY20 and FY21, and a fourth cumulative FY19-FY21 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 FY19-FY21 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 144.5% of Target.
- [F2]Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
- [F3]The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date
- [F4]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 0001771507
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 6:04 PM ET
- Size
- 20.7 KB