Form 4: Valvoline Inc. Chief Technology Officer Receives Stock Awards

Valvoline's Chief Technology Officer, Robert Travis Dobbins, was granted restricted stock units and stock appreciation rights on November 21, 2024.

Summary

• Robert Travis Dobbins, Chief Technology Officer of Valvoline Inc., received stock awards on November 21, 2024.
• The awards include 1,360 restricted stock units (RSUs) and 3,430 stock appreciation rights (SARs).
• The RSUs will vest in three equal annual installments starting on the first anniversary of the grant date.
• The SARs will vest with 50% on the first anniversary, and 25% on each of the second and third anniversaries of the grant date.
• The RSUs convert to common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively for aligning management and shareholder interests. There are no negative implications.

Positives

• The stock awards align the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the executive.

Industry Context

Stock-based compensation is a common practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Stock awards are a standard component of executive compensation packages in the US.
• The vesting schedules for the RSUs and SARs are typical for such grants, aligning with industry norms for long-term incentives.
• Companies like AutoZone and Advance Auto Parts also use stock-based compensation for their executives.

Stakeholder Impact

• The stock awards may positively impact shareholder value by incentivizing management performance.
• The awards are part of the overall compensation package for the executive.

Key Dates

Keywords

stock awards, restricted stock units, stock appreciation rights, executive compensation, insider trading, Valvoline, VVV