Form 4: Valvoline Officer Caldwell's Stock Transactions

Valvoline Chief People Officer Jonathan L. Caldwell reported the acquisition and disposition of company common stock, alongside the conversion of restricted stock units.

Summary

• Jonathan L. Caldwell, Chief People Officer of Valvoline Inc., reported transactions involving company common stock and restricted stock units (RSUs).
• On November 21, 2025, Caldwell acquired 656 shares of common stock through the conversion of RSUs.
• Concurrently, 205 shares of common stock were disposed of at a price of $31.21 per share, likely to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Caldwell directly beneficially owns 24,343 shares of common stock.
• Caldwell also holds 1,314 derivative securities in the form of FY 2025 Restricted Stock Units, which convert into common stock on a one-for-one basis and vest in three equal annual installments starting on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a routine insider transaction reporting the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations. It does not inherently indicate a strong positive or negative sentiment regarding the company's future performance.

Positives

• The acquisition of 656 shares of common stock through RSU conversion indicates continued equity ownership by a key executive.

Negatives

• The disposition of 205 shares, while likely for tax purposes, reduces the executive's direct common stock holdings.

Future Outlook

The remaining 1,314 FY 2025 Restricted Stock Units will vest in three equal annual installments beginning on the first anniversary of their grant date, converting into common stock on a one-for-one basis.

Industry Context

This is a routine insider transaction for an executive of a publicly traded company, common across various industries as part of compensation and equity incentive plans.

Stakeholder Impact

• Shareholders: Minor impact as it's a routine insider transaction. It shows an executive's continued equity participation, balanced by tax-related sales.

Next Steps

• Future vesting of the remaining 1,314 FY 2025 Restricted Stock Units in three equal annual installments.

Key Dates

Keywords

Valvoline, VVV, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Officer, Equity Ownership