Valvoline (VVV) SVP details stock and equity awards
Filing Impact
Filing Sentiment
Form Type
3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Worsham Adam C.
Role
SVP, Chief Franchising Officer
| 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 | -- | -- | -- |
Holdings After Transaction:
FY 2024 Restricted Stock Units — 604 shares (Direct);
FY 2025 Restricted Stock Units — 1,207 shares (Direct);
FY 2026 Restricted Stock Units — 2,380 shares (Direct);
Restricted Stock Units — 7,720 shares (Direct);
FY 2024 Stock Appreciation Rights — 3,790 shares (Direct);
FY 2025 Stock Appreciation Rights — 4,570 shares (Direct);
FY 2026 Stock Appreciation Right — 5,610 shares (Direct);
Stock Appreciation Right — 12,100 shares (Direct);
Common Stock — 6,765 shares (Direct);
Common Stock — 1,279 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- 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. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. Restricted stock units convert into Valvoline common stock on a one-for-one basis. 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
Who is the reporting insider in Valvoline (VVV)'s latest Form 3 filing?
The reporting insider is Adam C. Worsham, Valvoline’s SVP and Chief Franchising Officer. The Form 3 records his initial beneficial ownership in Valvoline common stock, restricted stock units, and stock appreciation rights as of the reported event date.
What restricted stock units does the Valvoline (VVV) executive report on Form 3?
The executive reports FY 2024, 2025, and 2026 restricted stock units covering 604, 1,207 and 2,380 shares, plus 7,720 additional units. They vest in three equal annual installments starting on the first anniversary of the grant date and convert one-for-one into common stock.
What stock appreciation rights are disclosed for the Valvoline (VVV) executive?
He holds stock appreciation rights on 3,790, 4,570, 5,610 and 12,100 shares with exercise prices of $34.94, $38.56, $31.62 and $38.43. Vesting occurs 50% after one year and 25% on each of the second and third anniversaries.
When do Adam C. Worsham’s Valvoline (VVV) stock appreciation rights expire?
The reported stock appreciation rights expire on November 16, 2033, November 21, 2034, November 25, 2035 and September 2, 2035. These long-dated expirations provide extended timeframes during which vested rights can potentially be exercised.