Valvoline CTO reports FY 2026 equity awards
Valvoline Inc. filed an initial insider ownership report for Chief Technology Officer Hitesh C. C. Patel.
Rhea-AI Filing Summary
Valvoline Inc. filed an initial insider ownership report for Chief Technology Officer Hitesh C. C. Patel. The filing shows FY 2026 restricted stock units covering 9,500 shares of common stock, vesting in three equal annual installments starting one year after the grant date, and converting into common stock on a one-for-one basis.
Patel also holds FY 2026 stock appreciation rights tied to 7,470 shares of common stock with a $31.62 exercise price. Fifty percent of these rights vested on the first anniversary of the grant date, with 25% vesting on each of the second and third anniversaries. The RSU award reflects a combined new hire and annual equity grant.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | FY 2026 Restricted Stock Units | -- | -- | -- |
| holding | FY 2026 Stock Appreciation Right | -- | -- | -- |
Footnotes (3)
- F1. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F2. Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F3. 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.
What does Valvoline (VVV) disclose in this Form 3 for its CTO?
How many restricted stock units does Valvoline CTO Hitesh Patel hold?
What stock appreciation rights are reported for Valvoline (VVV) CTO in the Form 3?
How do the Valvoline (VVV) RSUs for the CTO vest over time?
What is the composition of the FY 2026 RSU award for Valvoline’s CTO?
AI-generated analysis. How Rhea-AI works. Not financial advice.