Valvoline (VVV) CEO Lori Ann Flees receives 29 deferred stock units via salary deferral
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valvoline Inc President & CEO Lori Ann Flees reported receiving 29 deferred stock units tied to Valvoline common stock, credited through salary deferral under the company’s 2016 Deferred Compensation Plan for Employees.
Each unit represents a right to receive one share of common stock in the future, generally upon an unforeseeable emergency, or upon her death, disability, or separation from service. Following this award, she holds 15,383 deferred stock units in total. This is a routine, compensation-related acquisition rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flees Lori Ann
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 29 | $32.82 | $951.78 |
Holdings After Transaction:
Deferred Stock Units — 15,383 shares (Direct)
Footnotes (1)
- Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution from the Valvoline Inc. 2016 Deferred Compensation Plan for Employees (the "Deferred Compensation Plan"). Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral. 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.
FAQ
What insider transaction did Valvoline (VVV) CEO Lori Ann Flees report?
Lori Ann Flees reported receiving 29 deferred stock units. These units were acquired through salary deferral under Valvoline’s 2016 Deferred Compensation Plan and represent a future right to receive an equal number of Valvoline common shares, rather than an open-market stock purchase or sale.
How many Valvoline deferred stock units does the CEO hold after this Form 4?
After this transaction, Lori Ann Flees holds 15,383 deferred stock units. The Form 4 shows that 29 additional units were credited to her account, bringing her total balance under the deferred compensation arrangement to 15,383 units linked to Valvoline common stock.
What are deferred stock units in Valvoline’s compensation plan?
Each deferred stock unit represents a right to one Valvoline share. Under the 2016 Deferred Compensation Plan, units are credited instead of immediate cash, typically through salary deferral, and convert into shares of Valvoline common stock when a qualifying distribution event occurs in the future.
Did the Valvoline CEO buy or sell stock on the open market in this Form 4?
No open-market buy or sell is reported. The Form 4 records a grant-type acquisition of 29 deferred stock units through salary deferral, not a market transaction. It is a routine compensation-related entry within Valvoline’s 2016 Deferred Compensation Plan for Employees.
How was the value of the 29 deferred stock units determined in the Valvoline filing?
The filing lists a transaction price of $32.82 per unit. This figure is shown as the price per share associated with the 29 deferred stock units, each representing a contingent right to receive one share of Valvoline common stock upon distribution from the deferred compensation plan.