4//SEC Filing
Moughler Craig A. 4
Accession 0001674910-21-000130
CIK 0001674910other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 6:13 PM ET
Size
17.5 KB
Accession
0001674910-21-000130
Insider Transaction Report
Form 4
Moughler Craig A.
Sr. VP, Int'l & Product Supply
Transactions
- Award
Common Stock
2021-11-11+7,818→ 17,583 total - Exercise/Conversion
Common Stock
2021-11-12+982→ 16,094 total - Tax Payment
Common Stock
2021-11-12$35.16/sh−311$10,935→ 15,783 total - Exercise/Conversion
Common Stock
2021-11-12+1,038→ 16,821 total - Tax Payment
Common Stock
2021-11-11$35.25/sh−2,471$87,103→ 15,112 total - Exercise/Conversion
FY 2021 Restricted Stock Units
2021-11-12−1,038→ 2,078 total→ Common Stock (1,038 underlying) - Tax Payment
Common Stock
2021-11-12$35.16/sh−329$11,568→ 16,492 total - Exercise/Conversion
FY 2020 Restricted Stock Units
2021-11-12−982→ 983 total→ Common Stock (982 underlying)
Holdings
- 5,530(indirect: By 401(k))
Common Stock
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]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.
Documents
Issuer
VALVOLINE INC
CIK 0001674910
Entity typeother
Related Parties
1- filerCIK 0001685753
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 6:13 PM ET
- Size
- 17.5 KB