Valvoline (NYSE: VVV) CEO gains 27 deferred stock units via salary deferral
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valvoline Inc. President & CEO Lori Ann Flees acquired 27 Deferred Stock Units on Valvoline common stock through a salary deferral under the Valvoline Inc. 2016 Deferred Compensation Plan for Employees. Each unit represents a contingent right to receive one Valvoline share in the future. Following this grant, she holds 15,354 Deferred Stock Units directly. Units become payable in Valvoline common stock only upon an unforeseeable emergency, or upon her death, disability, or separation from service, in line with the plan’s terms.
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 | 27 | $36.06 | $973.62 |
Holdings After Transaction:
Deferred Stock Units — 15,354 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) report for Lori Ann Flees?
Valvoline reported that President & CEO Lori Ann Flees acquired 27 Deferred Stock Units through salary deferral. Each unit represents a contingent right to receive one share of Valvoline common stock under the company’s 2016 Deferred Compensation Plan for Employees.
How many Valvoline Deferred Stock Units does Lori Ann Flees hold after this Form 4?
After this transaction, Lori Ann Flees directly holds 15,354 Deferred Stock Units. These units track Valvoline common stock and represent future stock deliverable under the 2016 Deferred Compensation Plan, rather than current shares that she can trade immediately on the market.
What are Valvoline Deferred Stock Units reported in this Form 4?
The Deferred Stock Units each represent a contingent right to receive one share of Valvoline common stock. They are granted under Valvoline’s 2016 Deferred Compensation Plan for Employees and are tied to compensation deferrals instead of being purchased on the open market.
How did Lori Ann Flees acquire the 27 Deferred Stock Units from Valvoline (VVV)?
Lori Ann Flees acquired the 27 Deferred Stock Units through salary deferral into Valvoline’s 2016 Deferred Compensation Plan. This means part of her compensation was deferred and converted into plan units, each linked to one share of Valvoline common stock for future settlement.
When do the Valvoline Deferred Stock Units become payable to Lori Ann Flees?
The Deferred Stock Units become payable in Valvoline common stock upon an unforeseeable emergency, or upon Lori Ann Flees’ death, disability, or separation from service. These conditions follow the specific terms set out in Valvoline’s 2016 Deferred Compensation Plan for Employees.
Does this Valvoline Form 4 show an open-market stock purchase or sale?
This Form 4 does not show an open-market trade; it reflects a grant of 27 Deferred Stock Units via salary deferral. The units are a deferred compensation award under Valvoline’s 2016 Deferred Compensation Plan and convert into common stock only upon specified future events.