Form 4: Valvoline COO Linne Fulcher Reports Stock Transactions

Valvoline's Chief Operating Officer, Linne Fulcher, reported the conversion of restricted stock units into common stock and a subsequent sale to cover tax obligations.

Summary

• Linne Fulcher, Valvoline's Chief Operating Officer, reported transactions involving the company's common stock on November 28, 2025.
• Fulcher acquired 794 shares of Valvoline common stock through the conversion of FY 2023 Restricted Stock Units (RSUs).
• Concurrently, 243 shares were disposed of at a price of $31.31 per share to cover tax withholding obligations related to the RSU conversion.
• Following these transactions, Fulcher directly beneficially owns 12,784 shares of Valvoline common stock.
• The transactions were made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged trading strategy.
• The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which are generally neutral in terms of company performance or strategic shifts.

Positives

• The vesting and conversion of 794 restricted stock units into common stock indicates the achievement of performance or time-based conditions for executive compensation.
• The transaction was executed under a Rule 10b5-1 plan, which suggests pre-planned and automated transactions, potentially mitigating concerns about opportunistic insider trading.

Negatives

• A disposition of 243 shares of common stock occurred, reducing the direct beneficial ownership by that amount, although this was for tax withholding purposes.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it reports completed insider transactions.

Industry Context

This is a routine insider transaction related to executive compensation and does not provide specific insights into broader industry trends or competitive positioning.

Corporate Governance

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal, as this is a routine compensation event for an executive and does not reflect significant changes in company strategy or financial health.
• Employees: No direct impact on employees is mentioned in this filing.

Next Steps

• Future vesting of remaining restricted stock units will occur in two additional equal annual installments, following the initial vesting on the first anniversary of the grant date.

Key Dates

Keywords

Valvoline, VVV, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Sale, Rule 10b5-1