Valvoline (VVV) CEO Lori Flees Receives 30 Deferred Stock Units

What Happened

• Lori Ann Flees, President & CEO and a director of Valvoline Inc. (VVV), was granted 30 deferred stock units on September 3, 2026. The units are reported at $31.69 each for a total value of $951. The transaction is recorded as an award/acquisition (derivative interest), not an open-market purchase.

Key Details

• Transaction date: 2026-09-03; Report filed: 2026-09-04 (appears to be filed timely).
• Instrument/amount: 30 deferred stock units at $31.69 per unit; total reported value $951.
• Transaction type/code: A (grant/award — derivative units under the Deferred Compensation Plan).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Each unit is a contingent right to receive one share of Valvoline common stock 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 actual shares only upon certain events (unforeseeable emergency, death, disability, or separation from service) per the plan terms.

Context

• This was an award of deferred stock units tied to the company’s deferred compensation program, not an immediate stock purchase or sale. Deferred units are a compensation mechanism and only convert to shares (and then become tradable) if/when distribution conditions are met. Such grants are routine components of executive pay and do not directly signal immediate buying or selling.