Form 4: Valvoline Inc. Executive Lori Ann Flees Reports Acquisition of Deferred Stock Units

Lori Ann Flees, President & CEO of Valvoline Inc., reports acquiring 43 deferred stock units through salary deferral under the company's Deferred Compensation Plan.

Summary

• On May 30, 2024, Lori Ann Flees, President & CEO of Valvoline Inc., acquired 43 deferred stock units through the Valvoline Inc. 2016 Deferred Compensation Plan for Employees.
• These units represent a contingent right to receive one share of Valvoline common stock upon distribution from the Deferred Compensation Plan.
• The acquisition was made through salary deferral at a price of $40.17 per unit.
• Following the transaction, Ms. Flees directly owns 5,165 shares of Valvoline common stock.
• Shares of Valvoline Common Stock become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Deferred Compensation Plan) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Deferred Compensation Plan.

Sentiment

Score: 7

Explanation: The document is a neutral report of an insider transaction. The acquisition of stock units by the CEO can be viewed positively as it aligns her interests with shareholders, but it's a routine event.

Positives

• The acquisition of deferred stock units by the CEO demonstrates her continued investment and alignment with the company's long-term success.

Future Outlook

The deferred stock units will be payable upon the event of an unforeseeable emergency (as defined in the Deferred Compensation Plan) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and investment activities of company executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals the CEO's confidence in the company.

Key Dates