Valvoline (VVV) CEO Lori Ann Flees receives 30 deferred stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valvoline Inc. President & CEO Lori Ann Flees acquired 30 deferred stock units tied to Valvoline common stock through salary deferral under the company’s 2016 Deferred Compensation Plan. Each unit represents a right to receive one share of common stock in the future.
After this grant, she holds a total of 15,500 deferred stock units directly. These units are payable only upon events such as an unforeseeable emergency, death, disability, or separation from service, consistent with the plan’s terms, and do not reflect an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flees Lori Ann
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 30 | $32.38 | $971.40 |
Holdings After Transaction:
Deferred Stock Units — 15,500 shares (Direct, null)
Footnotes (1)
- 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"). Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral. 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
Deferred stock units granted: 30 units
Grant reference price: $32.38 per unit
Deferred stock units after transaction: 15,500 units
+1 more
4 metrics
Deferred stock units granted
30 units
Grant under 2016 Deferred Compensation Plan via salary deferral
Grant reference price
$32.38 per unit
Price per unit reported for the 30 deferred stock units
Deferred stock units after transaction
15,500 units
Total direct deferred stock unit holdings after the grant
Underlying common shares
30 shares
Each new unit corresponds to one share of Valvoline common stock
Key Terms
Deferred Stock Units, Deferred Compensation Plan, unforeseeable emergency, separation from service
4 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units""
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Deferred Compensation Plan financial
"distribution from the Valvoline Inc. 2016 Deferred Compensation Plan for Employees"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unforeseeable emergency financial
"upon the event of an unforeseeable emergency (as defined in the Deferred Compensation Plan)"
separation from service financial
"death, disability or separation from service, in accordance with the terms"
FAQ
What insider transaction did Valvoline (VVV) report for CEO Lori Ann Flees?
Valvoline reported that President & CEO Lori Ann Flees acquired 30 deferred stock units through salary deferral. These units represent future rights to Valvoline common stock and are part of a compensation plan, not an open-market share purchase or sale.
How many Valvoline (VVV) deferred stock units does the CEO hold after this Form 4?
Following the transaction, Lori Ann Flees holds 15,500 deferred stock units directly. Each unit is linked to one share of Valvoline common stock, payable only upon specific events defined in the company’s 2016 Deferred Compensation Plan for Employees.
What are deferred stock units in Valvoline (VVV)’s compensation plan?
Each deferred stock unit represents a contingent right to receive one share of Valvoline common stock. Under the 2016 Deferred Compensation Plan, these units are typically credited through salary deferral and become payable only upon specified events like death, disability, or separation from service.
When can Valvoline (VVV) deferred stock units granted to the CEO be paid out?
The units become payable in Valvoline common stock upon an unforeseeable emergency, death, disability, or separation from service. These conditions are defined in Valvoline’s 2016 Deferred Compensation Plan for Employees and govern when the CEO actually receives the underlying shares.