Form 4: Valvoline Inc. Executive Dione Sturgeon Reports Stock Transactions
SEC Filing
Dione Sturgeon, Chief Accounting Officer of Valvoline Inc., reports the acquisition and disposal of common stock and restricted stock units on April 1, 2024.
Summary
- Dione Sturgeon, the Chief Accounting Officer of Valvoline Inc., filed a Form 4 on April 2, 2024, reporting changes in beneficial ownership of the company's securities.
- On April 1, 2024, Sturgeon acquired 276 shares of common stock upon the vesting of restricted stock units at a price of $44.77 per share.
- Also on April 1, 2024, Sturgeon disposed of 101 shares of common stock to cover tax obligations at a price of $44.77 per share.
- Following these transactions, Sturgeon directly owns 3,464 shares of Valvoline Inc. common stock and 851 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation and tax-related transactions.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock acquisition and disposal transactions. |
| 04/02/2024 | Date of Form 4 filing. |
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