Sturgeon Dione 4

What Happened

• Dione Sturgeon, Chief Accounting Officer of Valvoline Inc. (VVV), had 287 restricted stock units (RSUs) convert into 287 shares on 2026-02-27. The conversion is recorded as an exercise/conversion of a derivative (code M) at $37.80 per share (total value $10,849).
• To satisfy tax withholding (code F), 104 of those shares were surrendered at $37.80 each (value $3,931). After withholding, Sturgeon retained a net 183 shares (287 — 104), with a net value of about $6,918.
• The filing shows a related derivative entry (287 shares disposed at $0) reflecting the conversion of the RSU award into common stock.

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-02 (filed within the Form 4 two-business-day window).
• Prices and values: conversion price/value shown at $37.80; gross value $10,849; tax withholding value $3,931; net value retained ~$6,918.
• Shares owned after transaction: not disclosed in the Form 4.
• Codes: M = exercise/conversion of derivative (RSU conversion); F = shares surrendered to satisfy tax withholding.
• Footnotes: F1 notes RSUs convert one-for-one into common stock; F2 notes the RSUs vest in three equal annual installments starting on the first anniversary of the grant date.

Context

• This appears to be a routine RSU vesting and conversion event, not an open-market purchase or sale. The tax withholding by share surrender is a common practice to cover tax liabilities and does not necessarily signal a change in insider sentiment.
• For retail investors, such vesting events increase insider-held shares but are often part of standard compensation and long-term incentive plans.