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VALVOLINE INC

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Tapewire entity
1678
SEC CIK
0001674910
Parsed reports
670

Last 12 months

Inside the activity.

6 purchase rows · 6 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202521
Dec 202500
Jan 202600
Feb 202601
Mar 202602
Apr 202600
May 202630
Jun 202601
Jul 202600
Aug 202611
Sep 202600
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
October 01, 2026 Filed Oct 3, 2026 00:01 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 31 $30.78 $954.18
Disclosure

SEC source: 0001924613-26-000044 · wk-form4_1790971263.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,780

Underlying: Common Stock · 31 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
September 17, 2026 Filed Sep 18, 2026 20:07 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 36 $27.06 $974.16
Disclosure

SEC source: 0001924613-26-000042 · wk-form4_1789762061.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,749

Underlying: Common Stock · 36 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
September 03, 2026 Filed Sep 4, 2026 12:45 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 30 $31.69 $950.70
Disclosure

SEC source: 0001924613-26-000041 · wk-form4_1788525955.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,714

Underlying: Common Stock · 30 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
September 02, 2026 Filed Sep 3, 2026 20:13 UTC
Worsham Adam C.SVP, Chief Franchising Officer
Exercise / conversionRestricted Stock Units · Derivative 2,573 $0.00 $0.00
Disclosure

SEC source: 0002110450-26-000008 · wk-form4_1788466427.xml · derivative · entry 4

Worsham Adam C. · CIK 0002110450 · SVP, Chief Franchising Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,147

Underlying: Common Stock · 2,573 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F3 · derivative.exercise_date: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

F3 · derivative.expiration_date: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

Read SEC document
September 02, 2026 Filed Sep 3, 2026 20:13 UTC
Worsham Adam C.SVP, Chief Franchising Officer
Tax withholdingCommon Stock 788 $31.83 $25,082.04
Disclosure

SEC source: 0002110450-26-000008 · wk-form4_1788466427.xml · nonDerivative · entry 2

Worsham Adam C. · CIK 0002110450 · SVP, Chief Franchising Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,550

Read SEC document
September 02, 2026 Filed Sep 3, 2026 20:13 UTC
Worsham Adam C.SVP, Chief Franchising Officer
Exercise / conversionCommon Stock 2,573 $0.00 $0.00
Disclosure

SEC source: 0002110450-26-000008 · wk-form4_1788466427.xml · nonDerivative · entry 1

Worsham Adam C. · CIK 0002110450 · SVP, Chief Franchising Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,338

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

Read SEC document
August 21, 2026 Filed Aug 24, 2026 20:06 UTC
O'Daniel Julie MarieChief Legal Officer
SaleCommon Stock 3,700 $33.82 $125,115.50
Disclosure

SEC source: 0001685295-26-000004 · wk-form4_1787601960.xml · nonDerivative · entry 1

O'Daniel Julie Marie · CIK 0001685295 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,279

Read SEC document
August 20, 2026 Filed Aug 21, 2026 11:56 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 28 $33.81 $946.68
Disclosure

SEC source: 0001924613-26-000039 · wk-form4_1787313381.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,683

Underlying: Common Stock · 28 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 12, 2026 Filed Aug 14, 2026 12:40 UTC
Denny Jordan M.Chief Accounting Officer
PurchaseCommon Stock 1,506 $33.20 $49,999.20
Disclosure

SEC source: 0002120008-26-000006 · wk-form4_1786711209.xml · nonDerivative · entry 1

Denny Jordan M. · CIK 0002120008 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,121

Read SEC document
August 06, 2026 Filed Aug 7, 2026 11:18 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 27 $35.62 $961.74
Disclosure

SEC source: 0001924613-26-000037 · wk-form4_1786101505.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,655

Underlying: Common Stock · 27 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
July 23, 2026 Filed Jul 24, 2026 12:45 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 25 $38.31 $957.75
Disclosure

SEC source: 0001924613-26-000035 · wk-form4_1784897108.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,628

Underlying: Common Stock · 25 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
July 22, 2026 Filed Jul 24, 2026 12:43 UTC GrantFY 2026 Restricted Stock Units · Derivative 1,810 $0.00 $0.00
Disclosure

SEC source: 0001674910-26-000059 · wk-form4_1784897014.xml · derivative · entry 1

Mezvinsky Scott · CIK 0002057807 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,810

Underlying: Common Stock · 1,810 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · shares: Represents annual award of restricted stock units pursuant to the Valvoline Inc. 2026 Omnibus Incentive Plan.

F3 · derivative.exercise_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

F3 · derivative.expiration_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

Read SEC document
July 22, 2026 Filed Jul 24, 2026 12:42 UTC GrantFY 2026 Restricted Stock Units · Derivative 1,810 $0.00 $0.00
Disclosure

SEC source: 0001674910-26-000057 · wk-form4_1784896977.xml · derivative · entry 1

Fogertey Katherine Irene · CIK 0001869363 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,810

Underlying: Common Stock · 1,810 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · shares: Represents annual award of restricted stock units pursuant to the Valvoline Inc. 2026 Omnibus Incentive Plan.

F3 · derivative.exercise_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

F3 · derivative.expiration_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

Read SEC document
July 09, 2026 Filed Jul 10, 2026 20:16 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 25 $37.98 $949.50
Disclosure

SEC source: 0001924613-26-000033 · wk-form4_1783714572.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,602

Underlying: Common Stock · 25 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
June 25, 2026 Filed Jun 26, 2026 20:03 UTC
Caldwell Jonathan L.Chief People Officer
SaleCommon Stock 2,851 $40.00 $114,040.00
Disclosure

SEC source: 0001809539-26-000004 · wk-form4_1782504210.xml · nonDerivative · entry 1

Caldwell Jonathan L. · CIK 0001809539 · Chief People Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 20,918

Read SEC document
June 25, 2026 Filed Jun 26, 2026 20:03 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 24 $39.72 $953.28
Disclosure

SEC source: 0001924613-26-000031 · wk-form4_1782504216.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,577

Underlying: Common Stock · 24 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
June 11, 2026 Filed Jun 12, 2026 20:02 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 25 $37.81 $945.25
Disclosure

SEC source: 0001924613-26-000029 · wk-form4_1781294572.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,553

Underlying: Common Stock · 25 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
June 02, 2026 Filed Jun 3, 2026 21:32 UTC
WILLIS J KEVINChief Financial Officer
Exercise / conversionFY 2025 Restricted Stock Units · Derivative 3,876 $0.00 $0.00
Disclosure

SEC source: 0001575329-26-000008 · wk-form4_1780522330.xml · derivative · entry 4

WILLIS J KEVIN · CIK 0001575329 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,754

Underlying: Common Stock · 3,876 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F3 · derivative.exercise_date: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

F3 · derivative.expiration_date: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

Read SEC document
June 02, 2026 Filed Jun 3, 2026 21:32 UTC
WILLIS J KEVINChief Financial Officer
Tax withholdingCommon Stock 1,768 $33.94 $60,005.92
Disclosure

SEC source: 0001575329-26-000008 · wk-form4_1780522330.xml · nonDerivative · entry 2

WILLIS J KEVIN · CIK 0001575329 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,833

Read SEC document
June 02, 2026 Filed Jun 3, 2026 21:32 UTC
WILLIS J KEVINChief Financial Officer
Exercise / conversionCommon Stock 3,876 $33.94 $131,551.44
Disclosure

SEC source: 0001575329-26-000008 · wk-form4_1780522330.xml · nonDerivative · entry 1

WILLIS J KEVIN · CIK 0001575329 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,601

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 28, 2026 Filed May 29, 2026 20:04 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 28 $34.18 $957.04
Disclosure

SEC source: 0001924613-26-000027 · wk-form4_1780085070.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,528

Underlying: Common Stock · 28 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
May 15, 2026 Filed May 18, 2026 12:58 UTC PurchaseCommon Stock 1,000 $32.53 $32,530.00
Disclosure

SEC source: 0001872111-26-000005 · wk-form4_1779109087.xml · nonDerivative · entry 1

Slater Jennifer Lynn · CIK 0001872111 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,000

Read SEC document
May 14, 2026 Filed May 15, 2026 13:28 UTC
WILLIS J KEVINChief Financial Officer
PurchaseCommon Stock 10,000 $31.80 $318,000.00
Disclosure

SEC source: 0001575329-26-000006 · wk-form4_1778851724.xml · nonDerivative · entry 1

WILLIS J KEVIN · CIK 0001575329 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,725

F1 · price: The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were purchased in multiple transactions at prices ranging from $31.77 to $31.84, inclusive. Upon request, the Reporting Person will provide to Valvoline, any security holder of Valvoline, or the staff of the Securities and Exchange Commission full information regarding the shares of Valvoline common stock purchased at each separate price within the range set forth in this footnote.

Read SEC document
May 14, 2026 Filed May 15, 2026 13:29 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 30 $32.38 $971.40
Disclosure

SEC source: 0001924613-26-000021 · wk-form4_1778851752.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,500

Underlying: Common Stock · 30 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
May 14, 2026 Filed May 15, 2026 13:28 UTC PurchaseCommon Stock 3,100 $32.37 $100,347.00
Disclosure

SEC source: 0001327988-26-000004 · wk-form4_1778851697.xml · nonDerivative · entry 1

Freeland Richard Joseph · CIK 0001327988 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,112

F1 · price: The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were acquired in multiple transactions at prices ranging from $32.21 to $32.48, inclusive. Upon request, the Reporting Person will provide to Valvoline, any security holder of Valvoline, or the staff of the Securities and Exchange Commission full information regarding the shares of Valvoline common stock acquired at each separate price within the range set forth in this footnote.

Read SEC document
April 30, 2026 Filed May 1, 2026 20:07 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 58 $33.23 $1,927.34
Disclosure

SEC source: 0001924613-26-000019 · wk-form4_1777666031.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,470

Underlying: Common Stock · 58 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
April 02, 2026 Filed Apr 3, 2026 16:34 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 29 $33.33 $966.57
Disclosure

SEC source: 0001924613-26-000017 · wk-form4_1775234059.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,412

Underlying: Common Stock · 29 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
April 01, 2026 Filed Apr 2, 2026 20:04 UTC
Denny Jordan M.Chief Accounting Officer
Exercise / conversionRestricted Stock Units · Derivative 3,543 $0.00 $0.00
Disclosure

SEC source: 0002120008-26-000004 · wk-form4_1775160268.xml · derivative · entry 3

Denny Jordan M. · CIK 0002120008 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,087

Underlying: Common Stock · 3,543 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · derivative.exercise_date: The restricted stock units were granted on April 1, 2025 and vest in three equal annual installments beginning on the first anniversary of the grant date.

F2 · derivative.expiration_date: The restricted stock units were granted on April 1, 2025 and vest in three equal annual installments beginning on the first anniversary of the grant date.

Read SEC document
April 01, 2026 Filed Apr 2, 2026 20:04 UTC
Denny Jordan M.Chief Accounting Officer
Tax withholdingCommon Stock 1,195 $34.09 $40,737.55
Disclosure

SEC source: 0002120008-26-000004 · wk-form4_1775160268.xml · nonDerivative · entry 2

Denny Jordan M. · CIK 0002120008 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,615

Read SEC document
April 01, 2026 Filed Apr 2, 2026 20:04 UTC
Denny Jordan M.Chief Accounting Officer
Exercise / conversionCommon Stock 3,543 Not disclosed Not disclosed
Disclosure

SEC source: 0002120008-26-000004 · wk-form4_1775160268.xml · nonDerivative · entry 1

Denny Jordan M. · CIK 0002120008 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,810

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

Read SEC document
March 19, 2026 Filed Mar 20, 2026 20:20 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 29 $32.82 $951.78
Disclosure

SEC source: 0001924613-26-000015 · wk-form4_1774038020.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,383

Underlying: Common Stock · 29 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
March 05, 2026 Filed Mar 6, 2026 21:04 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 27 $36.06 $973.62
Disclosure

SEC source: 0001924613-26-000010 · wk-form4_1772831090.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,354

Underlying: Common Stock · 27 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
March 03, 2026 Filed Mar 4, 2026 21:08 UTC
Caldwell Jonathan L.Chief People Officer
SaleCommon Stock 2,679 $37.54 $100,569.66
Disclosure

SEC source: 0001809539-26-000002 · wk-form4_1772658523.xml · nonDerivative · entry 4

Caldwell Jonathan L. · CIK 0001809539 · Chief People Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 23,769

Read SEC document
March 02, 2026 Filed Mar 4, 2026 21:08 UTC
Caldwell Jonathan L.Chief People Officer
Exercise / conversionFY 2017 Stock Appreciation Right · Derivative 8,877 $0.00 Strike: $20.29 $0.00
Disclosure

SEC source: 0001809539-26-000002 · wk-form4_1772658523.xml · derivative · entry 5

Caldwell Jonathan L. · CIK 0001809539 · Chief People Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 8,877 shares

Expires 2026-12-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Fifty percent (50%) of the Stock Appreciation Rights vested on the first anniversary of the grant date and 25% vested on each of the second and third.

Read SEC document
March 02, 2026 Filed Mar 4, 2026 21:08 UTC
Caldwell Jonathan L.Chief People Officer
SaleCommon Stock 983 $38.00 $37,354.00
Disclosure

SEC source: 0001809539-26-000002 · wk-form4_1772658523.xml · nonDerivative · entry 3

Caldwell Jonathan L. · CIK 0001809539 · Chief People Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,448

Read SEC document
March 02, 2026 Filed Mar 4, 2026 21:08 UTC
Caldwell Jonathan L.Chief People Officer
Tax withholdingCommon Stock 6,198 $37.56 $232,796.88
Disclosure

SEC source: 0001809539-26-000002 · wk-form4_1772658523.xml · nonDerivative · entry 2

Caldwell Jonathan L. · CIK 0001809539 · Chief People Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 27,431

Read SEC document
March 02, 2026 Filed Mar 4, 2026 21:08 UTC
Caldwell Jonathan L.Chief People Officer
Exercise / conversionCommon Stock 8,877 $20.29 $180,114.33
Disclosure

SEC source: 0001809539-26-000002 · wk-form4_1772658523.xml · nonDerivative · entry 1

Caldwell Jonathan L. · CIK 0001809539 · Chief People Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 33,629

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:01 UTC
Sturgeon DioneChief Accounting Officer
Exercise / conversionRestricted Stock Units · Derivative 287 $0.00 $0.00
Disclosure

SEC source: 0001967434-26-000002 · wk-form4_1772485286.xml · derivative · entry 3

Sturgeon Dione · CIK 0001967434 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 287 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · derivative.exercise_date: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

F2 · derivative.expiration_date: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:01 UTC
Sturgeon DioneChief Accounting Officer
Tax withholdingCommon Stock 104 $37.80 $3,931.20
Disclosure

SEC source: 0001967434-26-000002 · wk-form4_1772485286.xml · nonDerivative · entry 2

Sturgeon Dione · CIK 0001967434 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,866

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:01 UTC
Sturgeon DioneChief Accounting Officer
Exercise / conversionCommon Stock 287 $37.80 $10,848.60
Disclosure

SEC source: 0001967434-26-000002 · wk-form4_1772485286.xml · nonDerivative · entry 1

Sturgeon Dione · CIK 0001967434 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,970

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 20, 2026 Filed Feb 23, 2026 21:39 UTC
O'Daniel Julie MarieChief Legal Officer
Exercise / conversionFY 2020 Stock Appreciation Rights · Derivative 15,810 $0.00 Strike: $23.01 $0.00
Disclosure

SEC source: 0001685295-26-000002 · wk-form4_1771882751.xml · derivative · entry 5

O'Daniel Julie Marie · CIK 0001685295 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 15,810 shares

Expires 2029-11-14

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Fifty percent (50%) of the Stock Appreciation Rights vested on the first anniversary of the grant date and 25% vested on each of the second and third anniversaries of the grant date.

Read SEC document
February 20, 2026 Filed Feb 23, 2026 21:39 UTC
O'Daniel Julie MarieChief Legal Officer
SaleCommon Stock 4,312 $38.55 $166,227.60
Disclosure

SEC source: 0001685295-26-000002 · wk-form4_1771882751.xml · nonDerivative · entry 3

O'Daniel Julie Marie · CIK 0001685295 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,979

Read SEC document
February 20, 2026 Filed Feb 23, 2026 21:39 UTC
O'Daniel Julie MarieChief Legal Officer
Tax withholdingCommon Stock 11,498 $38.53 $443,017.94
Disclosure

SEC source: 0001685295-26-000002 · wk-form4_1771882751.xml · nonDerivative · entry 2

O'Daniel Julie Marie · CIK 0001685295 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,291

Read SEC document
February 20, 2026 Filed Feb 23, 2026 21:39 UTC
O'Daniel Julie MarieChief Legal Officer
Exercise / conversionCommon Stock 15,810 $23.01 $363,788.10
Disclosure

SEC source: 0001685295-26-000002 · wk-form4_1771882751.xml · nonDerivative · entry 1

O'Daniel Julie Marie · CIK 0001685295 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,789

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 19, 2026 Filed Feb 20, 2026 21:08 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 25 $38.68 $967.00
Disclosure

SEC source: 0001924613-26-000008 · wk-form4_1771621730.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,327

Underlying: Common Stock · 25 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
February 05, 2026 Filed Feb 9, 2026 21:11 UTC
Flees Lori AnnDirector · President & CEO
GrantDeferred Stock Units · Derivative 26 $36.76 $955.76
Disclosure

SEC source: 0001924613-26-000006 · wk-form4_1770671462.xml · derivative · entry 1

Flees Lori Ann · CIK 0001924613 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,302

Underlying: Common Stock · 26 shares

Expires not disclosed

F1 · derivative.exercise_price: 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 · shares: Represents the number of deferred stock units acquired by the reporting person under the Deferred Compensation Plan through salary deferral.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
January 28, 2026 Filed Jan 29, 2026 21:32 UTC GrantFY 2026 Restricted Stock Units · Derivative 4,300 $0.00 $0.00
Disclosure

SEC source: 0001872111-26-000003 · wk-form4_1769722345.xml · derivative · entry 1

Slater Jennifer Lynn · CIK 0001872111 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,300

Underlying: Common Stock · 4,300 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · shares: Represents annual award of restricted stock units pursuant to the Valvoline Inc. 2026 Omnibus Incentive Plan.

F3 · derivative.exercise_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

F3 · derivative.expiration_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

Read SEC document
January 28, 2026 Filed Jan 29, 2026 16:28 UTC GrantFY 2026 Restricted Stock Units · Derivative 4,300 $0.00 $0.00
Disclosure

SEC source: 0001760791-26-000002 · wk-form4_1769722124.xml · derivative · entry 1

Kruse Carol H. · CIK 0001760791 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,300

Underlying: Common Stock · 4,300 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · shares: Represents annual award of restricted stock units pursuant to the Valvoline Inc. 2026 Omnibus Incentive Plan.

F3 · derivative.exercise_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

F3 · derivative.expiration_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

Read SEC document
January 28, 2026 Filed Jan 29, 2026 21:35 UTC GrantFY 2026 Restricted Stock Units · Derivative 4,300 $0.00 $0.00
Disclosure

SEC source: 0001605432-26-000004 · wk-form4_1769722535.xml · derivative · entry 1

Wong Janet S. · CIK 0001605432 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,300

Underlying: Common Stock · 4,300 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · shares: Represents annual award of restricted stock units pursuant to the Valvoline Inc. 2026 Omnibus Incentive Plan.

F3 · derivative.exercise_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

F3 · derivative.expiration_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

Read SEC document
January 28, 2026 Filed Jan 29, 2026 21:35 UTC
Carr ChrisDirector
GrantFY 2026 Restricted Stock Units · Derivative 4,300 $0.00 $0.00
Disclosure

SEC source: 0001821096-26-000004 · wk-form4_1769722498.xml · derivative · entry 1

Carr Chris · CIK 0001821096 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,300

Underlying: Common Stock · 4,300 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2 · shares: Represents annual award of restricted stock units pursuant to the Valvoline Inc. 2026 Omnibus Incentive Plan.

F3 · derivative.exercise_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

F3 · derivative.expiration_date: The restricted stock units vest and settle on the first anniversary of the grant date, unless the director elects to defer settlement of the award until separation from service.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.