Valvoline (VVV) Director Katherine Fogertey Receives RSU Award
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Valvoline (VVV) Director Katherine Fogertey Receives RSU Award
What Happened
Katherine Irene Fogertey, a director of Valvoline Inc. (VVV), was granted 1,810 restricted stock units (RSUs) on July 22, 2026. The filing records the grant as a derivative acquisition at $0.00 (typical for RSU awards); the RSUs convert into Valvoline common stock on a one‑for‑one basis when settled. This is reported as an annual director award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-07-22; Filing date: 2026-07-24 (timely filing).
- Grant: 1,810 RSUs recorded at $0.00 (transaction code A = award/grant).
- Shares owned after transaction: Not specified in the Form 4.
- Footnotes: (F1) RSUs convert 1-for-1 into common stock; (F2) this represents the annual award under the Valvoline Inc. 2026 Omnibus Incentive Plan; (F3) RSUs vest and settle on the first anniversary of the grant date unless the director elects to defer settlement until separation from service.
- No sale or purchase of underlying shares reported in this filing.
Context
RSU grants are common compensation for directors and typically reflect routine equity-based pay rather than an immediate market signal. The RSUs will convert into actual shares only upon vesting/settlement (or later if the director elects to defer), at which point the economic value will depend on Valvoline’s share price.