Flees Lori Ann 4

What Happened

• Lori Ann Flees, President & CEO and a director of Valvoline Inc. (VVV), was granted 29 deferred stock units on 2026-03-19. The filing lists a per-unit value of $32.82, for a total notional value of roughly $952. This was an award/deferral (derivative), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-19, 29 units at $32.82 each (total ≈ $952). Transaction code: A (award/grant).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes (summary):
  • Units are contingent rights to receive one share of Valvoline common stock upon distribution under the Valvoline 2016 Deferred Compensation Plan (F1).
  • These units were acquired via salary deferral under the Deferred Compensation Plan (F2).
  • Units convert to shares only upon certain events (unforeseeable emergency, death, disability, or separation from service) per the plan terms (F3).
• Filing timeliness: Form 4 was filed on 2026-03-20 for a 2026-03-19 transaction (filed the next day); no late filing indicated.

Context

• These are deferred stock units (a derivative award), meaning Flees did not receive immediately tradable common shares. Such awards are typically part of executive compensation and do not necessarily indicate a market view; conversion to shares depends on plan conditions (e.g., separation, death, disability, or an unforeseeable emergency).