Valvoline Inc (NYSE: VVV) CFO nets stock from RSU vesting after tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valvoline Inc’s Chief Financial Officer Kevin J. Willis reported equity compensation activity involving restricted stock units and related tax withholding. On the reported date, he exercised 3,876 restricted stock units into common stock at a reference price of $33.94 per share.
Of these shares, 1,768 were disposed of as a tax-withholding transaction to cover obligations, leaving 34,833 shares of common stock held directly and approximately 1,600 shares held indirectly through the Valvoline 401(k) Plan. The restricted stock units convert into common stock on a one-for-one basis and vest in three equal annual installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,876 shares exercised/converted
Mixed
4 txns
Insider
WILLIS J KEVIN
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | FY 2025 Restricted Stock Units | 3,876 | $0.00 | -- |
| Exercise | Common Stock | 3,876 | $33.94 | $132K |
| Tax Withholding | Common Stock | 1,768 | $33.94 | $60K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
FY 2025 Restricted Stock Units — 7,754 shares (Direct, null);
Common Stock — 36,601 shares (Direct, null);
Common Stock — 1,600 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. Restricted stock units convert into Valvoline common stock on a one-for-one basis. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
Key Figures
RSUs exercised: 3,876 shares
Tax-withholding shares: 1,768 shares
Reference share price: $33.94 per share
+3 more
6 metrics
RSUs exercised
3,876 shares
Restricted stock units converted into common stock
Tax-withholding shares
1,768 shares
Shares disposed of to cover tax obligations
Reference share price
<money>$33.94</money> per share
Price associated with Form 4 transactions
Direct holdings after transaction
34,833 shares
Valvoline common stock held directly by CFO
Indirect 401(k) holdings
1,600 shares (approx.)
Valvoline common stock in 401(k) plan
RSU vesting schedule
3 equal annual installments
Beginning on first anniversary of grant date
Key Terms
Restricted stock units, tax-withholding disposition, 401(k) plan
3 terms
Restricted stock units financial
"Restricted stock units convert into Valvoline common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
401(k) plan financial
"shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What did Valvoline (VVV) CFO Kevin Willis report in this Form 4 filing?
Valvoline’s CFO Kevin Willis reported activity related to restricted stock units and tax withholding. He converted 3,876 restricted stock units into common stock, with a portion of the shares withheld to satisfy tax obligations associated with the vesting.
How do the Valvoline (VVV) restricted stock units for the CFO vest and convert?
The restricted stock units convert into Valvoline common stock on a one-for-one basis. They vest in three equal annual installments, beginning on the first anniversary of the grant date, aligning the CFO’s compensation with multi-year company performance.