Flees Lori Ann 4
4 · VALVOLINE INC · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Valvoline CEO Lori Flees Receives 30-Share Award
What Happened Lori Ann Flees, President, CEO and a director of Valvoline Inc. (VVV), was granted 30 deferred stock units on May 14, 2026. The units are reported at $32.38 each, for a notional value of approximately $971. This transaction is an award/acquisition (transaction code A) of derivative units under the company's Deferred Compensation Plan rather than an open-market stock purchase.
Key Details
- Transaction date and filing: Grant dated 2026-05-14; Form 4 filed 2026-05-15.
- Price/value: 30 units @ $32.38 each = ~$971 total reported value.
- Transaction type: Award/Grant of deferred stock units (derivative), not an immediate share issuance.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each unit is a contingent right to receive one share upon distribution from the 2016 Deferred Compensation Plan.
- F2: These units were acquired via salary deferral under the Deferred Compensation Plan.
- F3: Units convert to shares upon an unforeseeable emergency, or the reporting person's death, disability or separation from service, per plan terms.
- Timeliness: Filing appears timely (filed the day after the grant); no late filing flag indicated.
Context This was a deferred-compensation award: the reporting person received contingent units (a derivative interest) rather than immediately tradable common stock. Such awards are common for executive compensation and are contingent on plan rules and future events, so they do not necessarily signal an immediate change in insider sentiment.
Insider Transaction Report
- Award
Deferred Stock Units
[F1][F2][F3]2026-05-14$32.38/sh+30$971→ 15,500 total→ Common Stock (30 underlying)
Footnotes (3)
- [F1]Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution from the Valvoline Inc. 2016 Deferred Compensation Plan for Employees (the "Deferred Compensation Plan").
- [F2]Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.
- [F3]Shares of Valvoline Common Stock become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Deferred Compensation Plan) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Deferred Compensation Plan.