Muashsher Jamal K 4
4 · VALVOLINE INC · Filed Nov 21, 2022
Insider Transaction Report
Form 4
Muashsher Jamal K
SVP, International
Transactions
- Tax Payment
Common Stock
2022-11-17$32.87/sh−3,540$116,360→ 17,015 total - Award
Common Stock
2022-11-17+11,200→ 20,555 total
Footnotes (2)
- [F1]Represents shares earned from the FY20-FY22 performance stock unit ("PSU") award granted on November 14, 2019, as certified by the Compensation Committee of the Board of Directors on November 17, 2022. 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 FY20, FY21 and FY22, and a fourth cumulative FY20-FY22 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 FY20-FY22 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 200% of Target.
- [F2]PSUs convert into Valvoline common stock on a one-for-one basis.