Form 4: Valvoline Director Richard Joseph Freeland Acquires 3,750 Restricted Stock Units

Director Richard Joseph Freeland received 3,750 restricted stock units of Valvoline Inc. on January 28, 2025, which will vest on the first anniversary of the grant date.

Summary

• On January 28, 2025, Richard Joseph Freeland, a director of Valvoline Inc., was granted 3,750 restricted stock units (RSUs) under the 2016 Valvoline Inc. Incentive Plan.
• These RSUs convert into Valvoline common stock on a one-for-one basis.
• The RSUs vest and settle on the first anniversary of the grant date, unless Freeland elects to defer settlement until separation from service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of restricted stock units) which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The restricted stock units will 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.

Industry Context

This is a standard practice for incentivizing board members and aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to incentivize and retain board members.
• The vesting schedule of one year is fairly standard, although some companies may use longer vesting periods.
• The size of the grant (3,750 RSUs) would need to be compared to grants made to directors at comparable companies to determine if it is in line with industry norms.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company's long-term success.

Key Dates