[Form 4] VALVOLINE INC Insider Trading Activity

Rhea-AI Filing Summary

Valvoline Inc. (VVV) reported equity transactions by its President & CEO, who is also a director. On 11/28/2025, 2,643 shares of common stock were acquired through the exercise of restricted stock units, increasing directly held shares to 71,910 before related tax activity.

On the same date, 1,219 shares of common stock were disposed of at $31.31 per share in a transaction typically used to cover taxes, leaving 70,691 shares held directly. The derivative table shows 2,643 FY 2023 restricted stock units converting one-for-one into common stock and 57 additional deferred stock units acquired via salary deferral, bringing deferred stock units to 10,379.

Insights

Equity compensation and governance analyst

Routine CEO equity compensation activity with modest net share increase.

A Valvoline Inc. director and President & CEO exercised 2,643 FY 2023 restricted stock units on 11/28/2025, converting them into common stock on a one-for-one basis. This lifted directly held common shares to 71,910 before any tax-related disposition, reflecting standard long-term incentive plan mechanics.

The same day, 1,219 shares were disposed of at $31.31 per share, a pattern often associated with withholding to satisfy tax obligations, resulting in 70,691 shares held directly. In addition, 57 deferred stock units were credited under the 2016 Deferred Compensation Plan through salary deferral, raising total deferred stock units to 10,379. Overall, this appears to be routine compensation and deferral activity rather than a thesis-changing event.

Insider Trade Summary

2,643 shares exercised/converted

Mixed 4 txns

Insider Flees Lori Ann

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	FY 2023 Restricted Stock Units	2,643	$0.00	--
Grant/Award	Deferred Stock Units	57	$31.31	$2K
Exercise	Common Stock	2,643	$0.00	--
Tax Withholding	Common Stock	1,219	$31.31	$38K

Holdings After Transaction: FY 2023 Restricted Stock Units — 0 shares (Direct); Deferred Stock Units — 10,379 shares (Direct); Common Stock — 71,910 shares (Direct)

Footnotes (1)

1. Restricted stock units convert into Valvoline common stock on a one-for-one basis. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Flees Lori Ann

(Last) (First) (Middle)

100 VALVOLINE WAY

SUITE 100

(Street)

LEXINGTON KY 40509

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VALVOLINE INC [ VVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/28/2025		M		2,643	A	(1)	71,910	D
Common Stock	11/28/2025		F		1,219	D	$31.31	70,691	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
FY 2023 Restricted Stock Units	(1)	11/28/2025		M			2,643	(2)	(2)	Common Stock	2,643	$0	0	D
Deferred Stock Units	(3)	11/28/2025		A		57(4)		(5)	(5)	Common Stock	57	$31.31	10,379	D

Explanation of Responses:

1. Restricted stock units convert into Valvoline common stock on a one-for-one basis.

2. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

3. 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").

4. Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

5. 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.

Remarks:

	/s/ Ian C. Lofwall, Attorney-in-Fact	12/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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