Form 4: Valvoline Director Vada O. Manager Acquires 3,750 Restricted Stock Units

Director Vada O. Manager received 3,750 restricted stock units of Valvoline Inc. on January 28, 2025, which vest and settle on the first anniversary of the grant date.

Summary

• On January 28, 2025, Vada O. Manager, 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 the director elects to defer settlement until separation from service.
• The transaction was reported on a Form 4 filing with the SEC on January 30, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company.

Future Outlook

The director's holdings will increase upon vesting of the restricted stock units, further aligning their interests with the company's performance.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the industry.
• Companies like Shell, BP, and ExxonMobil also use stock options and restricted stock units as part of their compensation packages for directors.
• The amount of equity granted varies based on company size, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders may view the grant positively as it aligns the director's interests with the company's long-term success.
• Employees may see it as a sign of confidence in the company's future.

Next Steps

• The director will receive shares of Valvoline common stock upon vesting of the RSUs, unless settlement is deferred.

Key Dates