Transaction Details

Footnotes

Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on the earliest Transaction 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. | Restricted stock units convert into Valvoline common stock on a one-for-one basis. | The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.