Form 4: Valvoline CEO Lori Flees Boosts Stake

Valvoline Inc. President and CEO Lori Ann Flees increased her direct beneficial ownership of common stock and deferred stock units through RSU conversion and salary deferral.

Summary

• Lori Ann Flees, President & CEO and Director of Valvoline Inc., engaged in several transactions on November 28, 2025.
• She acquired 2,643 shares of Valvoline common stock through the conversion of restricted stock units (RSUs).
• Concurrently, she disposed of 1,219 shares of common stock at a price of $31.31 per share to cover tax withholding obligations related to the RSU conversion.
• She also acquired 57 deferred stock units under the Valvoline Inc. 2016 Deferred Compensation Plan for Employees through salary deferral.
• Following these transactions, her direct beneficial ownership of common stock is 70,691 shares, and her direct beneficial ownership of deferred stock units is 10,379 units.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-planned contract.

Sentiment

Score: 7

Explanation: The CEO increased her overall beneficial ownership through RSU conversion and deferred stock unit acquisition, signaling continued confidence in the company's future, despite a portion of shares being sold for tax purposes.

Positives

• Lori Ann Flees, President & CEO, increased her overall beneficial ownership in Valvoline Inc. through the conversion of restricted stock units and acquisition of deferred stock units.
• The acquisition of 2,643 shares of common stock from RSU conversion demonstrates continued equity participation by a key executive.
• The acquisition of 57 deferred stock units through salary deferral indicates a commitment to long-term investment in the company by management.

Negatives

• 1,219 shares of common stock were disposed of at $31.31 per share to cover tax obligations, which represents a reduction in direct shareholding.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively as it aligns management's interests with shareholders.
• Employees: The existence of a Deferred Compensation Plan and RSU program indicates standard executive compensation practices.

Next Steps

• Restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
• Shares of Valvoline Common Stock become payable in respect of deferred stock units upon an unforeseeable emergency, death, disability, or separation from service of the Reporting Person.

Key Dates

Recommendation

This Form 4 details routine insider transactions related to executive compensation (RSU conversion and deferred compensation). While the CEO's beneficial ownership increased overall, the transactions are pre-planned under Rule 10b5-1(c) and include a tax-related sale. These types of filings typically do not provide new fundamental information to warrant a change in investment recommendation, but rather confirm ongoing executive alignment.

Keywords

Valvoline, VVV, Lori Ann Flees, Insider Transaction, Form 4, Restricted Stock Units, Deferred Stock Units, CEO, Stock Ownership, Equity Compensation