VVV Form 4: Lori Ann Flees Defers Salary into 45 Stock Units at $39.9

Rhea-AI Filing Summary

Lori Ann Flees, President & CEO and Director of Valvoline Inc. (VVV), acquired 45 deferred stock units under the company's 2016 Deferred Compensation Plan on 09/18/2025. Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution under the plan. The filing reports the acquisition was made via salary deferral and shows 45 units acquired with a reported price of $39.9 and total beneficial ownership following the transaction of 10,111 shares. Units convert to shares upon specified events such as death, disability, separation from service, or an unforeseeable emergency, in accordance with the plan terms.

Positive

• Insider alignment: CEO elected to defer compensation into company stock units, which aligns executive pay with shareholder returns.
• Timely disclosure: Form 4 filed and signed by attorney-in-fact, providing transparency on insider ownership changes.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: CEO deferred compensation into company stock units, modestly increasing her stake to 10,111 shares; aligns her pay with shareholder outcomes.

The report documents a routine salary deferral into 45 deferred stock units under Valvoline's 2016 Deferred Compensation Plan. Such deferrals are a common governance mechanism to align executive incentives with long-term shareholder value while deferring current cash compensation. The units are contingency-based and convert to common shares only upon specified triggering events, limiting immediate voting or transfer implications. This disclosure is standard and does not indicate any extraordinary corporate action.

Securities Analyst

TL;DR: Small non-derivative acquisition by the CEO increases reported beneficial ownership to 10,111 shares; transaction size appears immaterial to market valuation.

The Form 4 shows acquisition of 45 deferred stock units at a reported price of $39.9, effected via salary deferral. The incremental position is modest relative to typical public-company market caps and thus unlikely to materially affect Valvoline's capitalization or trading. The disclosure is timely and consistent with Section 16 reporting requirements, providing transparency on insider holdings and potential future dilution when units convert to shares under plan conditions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Flees Lori Ann

(Last) (First) (Middle)

100 VALVOLINE WAY

SUITE 100

(Street)

LEXINGTON KY 40509

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VALVOLINE INC [ VVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	09/18/2025		A		45(2)		(3)	(3)	Common Stock	45	$39.9	10,111	D

Explanation of Responses:

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").

2. Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

3. 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.

Remarks:

	/s/ Ian C. Lofwall, Attorney-in-Fact	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Lori Ann Flees report on Form 4 for VVV?

The filing reports acquisition of 45 deferred stock units under Valvoline's 2016 Deferred Compensation Plan on 09/18/2025, increasing beneficial ownership to 10,111 shares.

How were the 45 deferred stock units acquired?

The units were acquired via salary deferral under the company's Deferred Compensation Plan, as stated in the filing.

What price is shown for the reported transaction?

The Form 4 shows a reported price of $39.9 associated with the deferred stock units.

When do deferred stock units convert to Valvoline common stock?

Units become payable in shares upon an unforeseeable emergency or the reporting person's death, disability, or separation from service, per the plan terms.

What roles does the reporting person hold at Valvoline?

The reporting person, Lori Ann Flees, is listed as both a Director and the company's President & CEO.