Form 4: Valvoline CFO Receives Stock Awards and Appreciation Rights

Valvoline's Chief Financial Officer, Mary E. Meixelsperger, was granted restricted stock units and stock appreciation rights on November 21, 2024.

Summary

• Mary E. Meixelsperger, the Chief Financial Officer of Valvoline Inc., received a grant of 5,280 restricted stock units and 13,330 stock appreciation rights on November 21, 2024.
• The restricted stock units will vest in three equal annual installments starting on the first anniversary of the grant date.
• Fifty percent of the stock appreciation rights will vest on the first anniversary of the grant date, with the remaining 50% vesting in two equal installments on the second and third anniversaries.
• The stock appreciation rights have an exercise price of $38.56 and expire on November 21, 2034.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units and stock appreciation rights aligns the CFO's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the CFO.

Industry Context

This type of equity compensation is common practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages across various industries, including the automotive and chemical sectors where Valvoline operates.
• Companies like O'Reilly Automotive and Advance Auto Parts also use similar equity-based incentives for their executives.
• The vesting schedules for the restricted stock units and stock appreciation rights are typical, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

• The equity grants align the CFO's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule may encourage the CFO to remain with the company, providing stability.

Key Dates

Keywords

Valvoline, Stock Appreciation Rights, Restricted Stock Units, Executive Compensation, Form 4, Insider Trading, Equity Awards, CFO, Mary E. Meixelsperger