Valvoline CEO granted 24 deferred stock units
Valvoline Inc. President & CEO Lori Ann Flees reported a compensation-related acquisition of 24 deferred stock units tied to Valvoline common stock.
Rhea-AI Filing Summary
Valvoline Inc. President & CEO Lori Ann Flees reported a compensation-related acquisition of 24 deferred stock units tied to Valvoline common stock. These units were acquired through salary deferral under the company’s 2016 Deferred Compensation Plan for Employees.
Each deferred stock unit represents a contingent right to receive one share of Valvoline common stock in the future. The shares become payable upon an unforeseeable emergency, or upon the executive’s death, disability, or separation from service, consistent with the plan’s terms. Following this grant, Flees directly holds 15,577 deferred stock units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 24 | $39.72 | $953.28 |
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
separation from service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Valvoline (VVV) report for Lori Ann Flees?
What are the deferred stock units reported in Valvoline (VVV) CEO’s Form 4?
How many deferred stock units does the Valvoline (VVV) CEO hold after this transaction?
Was the Valvoline (VVV) CEO’s Form 4 transaction an open-market purchase or a compensation grant?
When do Valvoline (VVV) deferred stock units granted to the CEO become payable?
AI-generated analysis. How Rhea-AI works. Not financial advice.