Flees Lori Ann 4

What Happened
Lori Ann Flees, President & CEO and Director of Valvoline Inc. (VVV), was granted 25 deferred stock units on July 9, 2026. The units are reported at $37.98 each for a notional value of $949. The filing classifies this as an award/acquisition (transaction code A) and a derivative grant rather than an open-market purchase of common shares.

Key Details

• Transaction date: 2026-07-09; filing date (accession): 2026-07-10 — filing appears timely.
• Amount: 25 deferred stock units @ $37.98 = $949 (derivative award).
• Shares owned after transaction: Not specified in the provided filing.
• Nature of award: Units are contingent rights to receive common stock upon distribution from the Valvoline 2016 Deferred Compensation Plan (see footnotes).
• Source: Footnote indicates units were acquired through salary deferral (F2) and become payable upon unforeseeable emergency, death, disability, or separation from service in accordance with the plan (F1, F3).

Context
This was a deferred-compensation award (deferred stock units), not a cash purchase or sale of shares. Deferred units are bookkeeping rights that convert to actual shares (or cash equivalent) only upon certain plan events or termination conditions; they do not necessarily indicate an immediate change in voting power or open-market exposure.