Flees Lori Ann 4

What Happened Lori Ann Flees, President & CEO and a director of Valvoline Inc. (VVV), was granted/acquired 29 deferred stock units on 2026-01-22 at an attributed price of $33.21 per unit (total value about $963). This filing reports an award/acquisition (transaction code A) of derivative units under Valvoline’s 2016 Deferred Compensation Plan for Employees.

Key Details

• Transaction date: 2026-01-22; filing date (Form 4): 2026-01-23 (filed the next day).
• Instrument: Deferred stock units (derivative), 29 units @ $33.21 each; total ≈ $963.
• How acquired: Units were acquired through salary deferral under the Deferred Compensation Plan.
• Shares payable: Units represent contingent rights to receive one share per unit upon distribution under the plan (see below); not immediate common stock.
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing timeliness: Not marked late—filed the day after the reporting date.

Context These are deferred stock units (not an open-market buy). Per the plan, the units become payable as shares only upon certain triggering events (unforeseeable emergency, death, disability, or separation from service) consistent with plan terms. Such deferred-compensation transactions reflect participation in the company’s executive pay program rather than an immediate purchase or sale of common stock.