FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

Moughler Craig A.	2. Issuer Name and Ticker or Trading Symbol

VALVOLINE INC [ VVV ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Senior Vice President	
(Last)         (First)         (Middle)

100 VALVOLINE WAY	3. Date of Earliest Transaction (MM/DD/YYYY)

11/11/2021		
(Street)

LEXINGTON, KY 40509
(City)       (State)       (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Stock 	11/11/2021 	 	A	  	7818 (1)	A	 (2)	17583 	D 	 	
Common Stock 	11/11/2021 	 	F	  	2471 	D	$35.25 	15112 	D 	 	
Common Stock 	11/12/2021 	 	M	  	982 	A	 (2)	16094 	D 	 	
Common Stock 	11/12/2021 	 	F	  	311 	D	$35.16 	15783 	D 	 	
Common Stock 	11/12/2021 	 	M	  	1038 	A	 (2)	16821 	D 	 	
Common Stock 	11/12/2021 	 	F	  	329 	D	$35.16 	16492 	D 	 	
Common Stock 	 	 	 	  	 	 	 	5530 (3)	I 	By 401(k) Plan 	

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
FY 2020 Restricted Stock Units 	 (2)	11/12/2021 	 	M 	  	  	982  	 (4)	 (4)	Common Stock 	982.0 	$0 	983 	D 	 	
FY 2021 Restricted Stock Units 	 (2)	11/12/2021 	 	M 	  	  	1038  	 (4)	 (4)	Common Stock 	1038.0 	$0 	2078 	D 	 	

Explanation of Responses:	
(1) 	Represents shares earned from the FY19-FY21 performance stock unit ("PSU") award granted on November 19, 2018, as certified by the Compensation Committee of the Board of Directors on November 11, 2021. Earned PSUs became 100% vested on the last day of the performance period. The PSUs were measured against EPS performance goals over three separate one-year measurement periods for each of FY19, FY20 and FY21, and a fourth cumulative FY19-FY21 measurement period with a potential payout of 0% to 200% of Target. Each measurement period was weighted equally at 25%. The entire PSU payout was subject to a payment modifier (-25%, 0% or +25%) based on Valvoline's FY19-FY21 total shareholder return relative to the companies in the S&P MidCap 400 Index. Based on Valvoline's EPS performance and relative TSR performance, the Compensation Committee awarded a PSU payout equal to 144.5% of Target.	
(2) 	Restricted stock units and performance stock units convert into Valvoline common stock on a one-for-one basis.	
(3) 	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 as of the close of business on the earliest Transaction Date.	
(4) 	The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Moughler Craig A.
100 VALVOLINE WAY
LEXINGTON, KY 40509			Senior Vice President		

Signatures		
/s/ Ian C. Lofwall, Attorney-in-Fact		11/15/2021	
**Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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