Meixelsperger Mary E 4
4 · VALVOLINE INC · Filed Nov 13, 2024
Insider Transaction Report
Form 4
Meixelsperger Mary E
Chief Financial Officer
Transactions
- Exercise/Conversion
FY 2022 Restricted Stock Units
2024-11-11−2,026→ 0 total→ Common Stock (2,026 underlying) - Exercise/Conversion
Common Stock
2024-11-11+2,026→ 143,733 total - Tax Payment
Common Stock
2024-11-11$43.24/sh−620$26,809→ 143,113 total - Award
Common Stock
2024-11-12+15,170→ 158,283 total - Tax Payment
Common Stock
2024-11-12$42.61/sh−4,643$197,838→ 153,640 total
Footnotes (3)
- [F1]Restricted stock units (RSUs) and performance stock units (PSUs) convert into Valvoline Common Stock on a one-for-one basis.
- [F2]Represents shares earned from the FY22-FY24 PSU award granted on November 11, 2021, as certified by the Compensation Committee of the Board of Directors on November 12, 2024. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against adjusted EPS/adjusted Net Income performance goals over three separate one-year measurement periods for each of FY22, FY23 and FY24, and the average of those results for the FY22-FY24 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 FY22-FY24 total relative shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's adjusted EPS/adjusted Net Income and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 132.6% of Target.
- [F3]The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.