Valvoline CAO reports PSU vesting and tax share withholding
Rhea-AI Filing Summary
Valvoline Inc. (VVV) reported a Form 4 for its Chief Accounting Officer showing equity compensation tied to a performance share unit (PSU) award. On 11/19/2025, the officer acquired 1,027 shares of common stock upon vesting of the FY23–FY25 PSU grant, which was originally awarded on November 29, 2022. Based on Valvoline’s adjusted net income and total shareholder return versus the S&P 400 MidCap 400 Index, the Compensation Committee certified a PSU payout of 98.4% of target.
The filing also shows 320 shares disposed of in a transaction coded "F" at $30.64 per share, typically reflecting shares withheld to cover taxes, leaving the officer with 6,063 shares of common stock held directly after the transactions. Each PSU converts into Valvoline common stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,027 | $0.00 | -- |
| Tax Withholding | Common Stock | 320 | $30.64 | $10K |
Footnotes (1)
- Represents shares earned from the FY23-FY25 Performance Share Unit (PSU) award granted on November 29, 2022, as certified by the Compensation Committee of the Board of Directors. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against adjusted net income performance goals over three separate one-year measurement periods for each of FY23, FY24 and FY25, and for a three-year measurement period between FY23-FY25. Each measurement period was weighted equally at 25%. The entire PSU was subject to a payment modifier (-25%, 0%, or +25%) based on Valvoline's FY23-FY25 total shareholder return (TSR) relative to the companies in the S&P 400 MidCap 400 Index. Based on Valvoline's adjusted net income and TSR performance, the Committee awarded a PSU payout equal to 98.4% of target. PSUs convert into Valvoline Common Stock on a one-for-one basis.