Valero director Matthew Audette named insider
Valero Energy reported director Matthew J. Audette as an insider on a Form 3, with no current holdings or transactions disclosed.
Rhea-AI Filing Summary
VALERO ENERGY CORP/TX (VLO) filed an initial statement of beneficial ownership reporting that Matthew J. Audette, a director of the company, is now an insider subject to SEC reporting requirements. The filing does not list any reportable holdings or transactions in Valero securities at this time.
Positive
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Negative
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Key Terms
Form 3, beneficial ownership, reporting person
3 terms
Form 3 regulatory
"filed an initial statement of beneficial ownership reporting that Matthew J. Audette"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"filed an initial statement of beneficial ownership reporting that Matthew J."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
reporting person regulatory
"The reporting person is Matthew J. Audette, identified in the filing"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing mean for VALERO ENERGY CORP/TX (VLO)?
It reports that Matthew J. Audette is an insider of Valero Energy as a director. A Form 3 is an initial statement of beneficial ownership, and this filing shows his insider status but lists no reportable holdings or transactions.
Who is the reporting person in this VLO Form 3?
The reporting person is Matthew J. Audette, identified in the filing as a director of VALERO ENERGY CORP/TX. He is now required to report future transactions in Valero securities on Forms 4 or 5 as applicable.
Are there any buy or sell transactions disclosed in this VLO Form 3?
No. The filing shows no transactions: buyCount, sellCount, acquireCount, and disposeCount are all zero, and there are no derivative transactions reported.
Does the Form 3 for VLO mention a Rule 10b5-1 trading plan?
No. The document-level indicator for Rule 10b5-1 status is null, and there are no transactions or footnotes describing any trading plan for Matthew J. Audette in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.