Valvoline CEO awarded deferred stock units
Valvoline Inc. President & CEO Lori Ann Flees acquired 29 deferred stock units tied to Valvoline common stock through a 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 acquired 29 deferred stock units tied to Valvoline common stock through a salary deferral under the company’s 2016 Deferred Compensation Plan for Employees. Following this grant, she holds 15,412 deferred stock units directly. These units convert into common shares and become payable upon an unforeseeable emergency or upon her death, disability, or separation from service, in line with the plan’s terms. This is a compensation-related award rather than an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 29 | $33.33 | $966.57 |
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.
Key Figures
Key Terms
Deferred Stock Units financial
Deferred Compensation Plan financial
unforeseeable emergency financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Valvoline (VVV) CEO Lori Ann Flees report in this Form 4?
Is the Valvoline (VVV) Form 4 transaction an open-market buy or sell?
How many deferred stock units does the Valvoline (VVV) CEO now hold?
What are deferred stock units in the Valvoline (VVV) compensation plan?
When do Valvoline (VVV) deferred stock units held by the CEO become payable?
AI-generated analysis. How Rhea-AI works. Not financial advice.