Charles M Sonsteby, a director of VALVOLINE INC, just received 575 restricted shares from the company. The restricted shares don't become available to Sonsteby until such time as they become vested. Sonsteby now owns at least 32,850 restricted shares of the company.
Some additional info was provided as follows:
Each unit represents a right to receive one share of Valvoline common stock.
Shares of Valvoline common stock or cash become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Valvoline 2016 Deferred Compensation Plan for Non-Employee Directors (the "Plan")) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Plan.
T he above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: