Valvoline CEO granted deferred stock units
Valvoline Inc. President & CEO Lori Ann Flees acquired 58 deferred stock units linked to Valvoline common stock through a salary deferral election under the company’s 2016 Deferred Compensation Plan for Employees.
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Rhea-AI Filing Summary
Valvoline Inc. President & CEO Lori Ann Flees acquired 58 deferred stock units linked to Valvoline common stock through a salary deferral election under the company’s 2016 Deferred Compensation Plan for Employees. Each unit represents a right to receive one share of common stock in the future.
The deferred stock units become payable in shares of Valvoline common stock upon an unforeseeable emergency, or upon the CEO’s death, disability, or separation from service, consistent with the plan’s terms. After this award, she holds a total of 15,470 deferred stock units directly. This is a routine, compensation-related grant rather than an open‑market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 58 | $33.23 | $2K |
Footnotes (3)
- F1. 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").
- F2. Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.
- F3. 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.
Key Figures
Key Terms
Deferred Stock Units financial
Deferred Compensation Plan financial
separation from service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Valvoline (VVV) CEO Lori Ann Flees report in this Form 4?
Is the Valvoline (VVV) CEO’s Form 4 transaction a stock purchase or sale?
How many deferred stock units does the Valvoline (VVV) CEO hold after this filing?
When will the Valvoline (VVV) deferred stock units become payable to the CEO?
How were the new Valvoline (VVV) deferred stock units acquired by the CEO?
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