Valvoline SVP reports initial share holdings
Valvoline Inc. executive Adam C. Worsham, SVP and Chief Franchising Officer, has filed an initial statement of beneficial ownership.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Valvoline Inc. executive Adam C. Worsham, SVP and Chief Franchising Officer, has filed an initial statement of beneficial ownership. He directly holds 6,765 shares of Valvoline common stock and indirectly holds 1,279 shares through the Valvoline 401(k) Plan.
He also holds restricted stock units covering 604, 1,207 and 2,380 shares for fiscal years 2024, 2025 and 2026, plus 7,720 additional restricted stock units, which vest in three equal annual installments and convert into common stock on a one-for-one basis. Stock appreciation rights cover 3,790, 4,570, 5,610 and 12,100 shares at exercise prices of $34.94, $38.56, $31.62 and $38.43, with vesting spread over the first three anniversaries of the grant dates and expirations between 2033 and 2035.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | FY 2024 Restricted Stock Units | -- | -- | -- |
| Holding | FY 2025 Restricted Stock Units | -- | -- | -- |
| Holding | FY 2026 Restricted Stock Units | -- | -- | -- |
| Holding | Restricted Stock Units | -- | -- | -- |
| Holding | FY 2024 Stock Appreciation Rights | -- | -- | -- |
| Holding | FY 2025 Stock Appreciation Rights | -- | -- | -- |
| Holding | FY 2026 Stock Appreciation Right | -- | -- | -- |
| Holding | Stock Appreciation Right | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. 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 on the earliest Transaction Date.
- F2. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F3. Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F4. Fifty percent (50%) of the Stock Appreciation Rights vested on the first anniversary of the grant date and 25% vested on each of the second and third anniversaries of the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the reporting insider in Valvoline (VVV)'s latest Form 3 filing?
What restricted stock units does the Valvoline (VVV) executive report on Form 3?
What stock appreciation rights are disclosed for the Valvoline (VVV) executive?
When do Adam C. Worsham’s Valvoline (VVV) stock appreciation rights expire?
AI-generated analysis. How Rhea-AI works. Not financial advice.