Flees Lori Ann 4

What Happened
Lori Ann Flees, President & CEO and Director of Valvoline Inc. (VVV), was credited with 25 deferred stock units on 2026-02-19. The units are valued at $38.68 each (total ~$967) and are reported as an award/acquisition (transaction code A) on a Form 4 filed 2026-02-20. This was an award of deferred compensation units (a derivative), not an open-market purchase or sale of freely tradable shares.

Key Details

• Transaction date: 2026-02-19; reported on Form 4 filed 2026-02-20 (timely filing).
• Price/value: $38.68 per unit; total value approximately $967.
• Transaction type: Award/acquisition of derivative units (deferred stock units) — Form 4 code A.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • Each unit is a contingent right to receive one share upon distribution under the Valvoline 2016 Deferred Compensation Plan (F1).
  • Units were acquired via salary deferral (F2).
  • Units convert to shares only upon an unforeseeable emergency, death, disability, or separation from service per plan terms (F3).

Context
Deferred stock units are not immediately tradable shares; they represent a future right to common stock subject to plan conditions and triggering events. Awards like this are routine elements of executive compensation and do not by themselves indicate a buy or sell signal in the open market.