Form 4: Valvoline Director Pacious Reports Stock Unit Conversion
SEC Filing
Director Patrick Pacious converted 2,000 restricted stock units into Valvoline common stock on July 11, 2024.
Summary
- On July 11, 2024, Patrick Pacious, a director of Valvoline Inc., converted 2,000 restricted stock units into common stock.
- The transaction was reported on a Form 4 filing with the SEC.
- The restricted stock units convert into Valvoline common stock on a one-for-one basis.
- The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to insider transactions and is a standard part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 07/11/2024 | Date of transaction: Conversion of restricted stock units to common stock. |
| 07/12/2024 | Date of signature on the Form 4 filing. |
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