Valvoline CEO awarded deferred stock units
Valvoline Inc President & CEO Lori Ann Flees reported receiving 29 deferred stock units tied to Valvoline common stock, credited through salary deferral 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 reported receiving 29 deferred stock units tied to Valvoline common stock, credited through salary deferral 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, generally upon an unforeseeable emergency, or upon her death, disability, or separation from service. Following this award, she holds 15,383 deferred stock units in total. This is a routine, compensation-related acquisition rather than an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 29 | $32.82 | $951.78 |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Valvoline (VVV) CEO Lori Ann Flees report?
How many Valvoline deferred stock units does the CEO hold after this Form 4?
What are deferred stock units in Valvoline’s compensation plan?
Did the Valvoline CEO buy or sell stock on the open market in this Form 4?
How was the value of the 29 deferred stock units determined in the Valvoline filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.