0001674910-21-000130.txt : 20211115
0001674910-21-000130.hdr.sgml : 20211115
20211115181341
ACCESSION NUMBER: 0001674910-21-000130
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211111
FILED AS OF DATE: 20211115
DATE AS OF CHANGE: 20211115
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Moughler Craig A.
CENTRAL INDEX KEY: 0001685753
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37884
FILM NUMBER: 211413135
MAIL ADDRESS:
STREET 1: 3499 BLAZER PARKWAY
CITY: LEXINGTON
STATE: KY
ZIP: 40509
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VALVOLINE INC
CENTRAL INDEX KEY: 0001674910
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRODUCTS OF PETROLEUM & COAL [2990]
IRS NUMBER: 300939371
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 100 VALVOLINE WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40509
BUSINESS PHONE: 859-357-2591
MAIL ADDRESS:
STREET 1: 100 VALVOLINE WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40509
4
1
wf-form4_163701798453221.xml
FORM 4
X0306
4
2021-11-11
0
0001674910
VALVOLINE INC
VVV
0001685753
Moughler Craig A.
100 VALVOLINE WAY
LEXINGTON
KY
40509
0
1
0
0
Senior Vice President
Common Stock
2021-11-11
4
A
0
7818
A
17583
D
Common Stock
2021-11-11
4
F
0
2471
35.25
D
15112
D
Common Stock
2021-11-12
4
M
0
982
A
16094
D
Common Stock
2021-11-12
4
F
0
311
35.16
D
15783
D
Common Stock
2021-11-12
4
M
0
1038
A
16821
D
Common Stock
2021-11-12
4
F
0
329
35.16
D
16492
D
Common Stock
5530
I
By 401(k) Plan
FY 2020 Restricted Stock Units
2021-11-12
4
M
0
982
0
D
Common Stock
982.0
983
D
FY 2021 Restricted Stock Units
2021-11-12
4
M
0
1038
0
D
Common Stock
1038.0
2078
D
Represents shares earned from the FY19-FY21 performance stock unit ("PSU") award granted on November 19, 2018, as certified by the Compensation Committee of the Board of Directors on November 11, 2021. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against EPS performance goals over three separate one-year measurement periods for each of FY19, FY20 and FY21, and a fourth cumulative FY19-FY21 measurement period with a potential payout of 0% to 200% of Target. Each measurement period was weighted equally at 25%. The entire PSU payout was subject to a payment modifier (-25%, 0% or +25%) based on Valvoline's FY19-FY21 total shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's EPS performance and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 144.5% of Target.
Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.
Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock as of the close of business on the earliest Transaction Date.
The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
/s/ Ian C. Lofwall, Attorney-in-Fact
2021-11-15