STOCK TITAN

Valero (VLO) director exercises 1,381 units, disposes 511 shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Valero Energy director Marie A. Ffolkes reported compensation-related share movements. She exercised 1,381 stock units into an equal number of Valero common shares at a stated price of $0.00 per share, received under a Stock Unit Award Agreement. On the same date, she disposed of 511 common shares back to the issuer at $239.26 per share. Following these transactions, she directly holds 2,814 shares of Valero common stock.

Positive

  • None.

Negative

  • None.
Insider Ffolkes Marie A
Role null
Type Security Shares Price Value
Exercise Stock Units 1,381 $0.00 --
Exercise Common Stock 1,381 $0.00 --
Disposition Common Stock 511 $239.26 $122K
Holdings After Transaction: Stock Units — 0 shares (Direct, null); Common Stock — 3,325 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares disposed to issuer 511 shares at $239.26 Common Stock disposition to issuer on May 6, 2026
Stock units exercised 1,381 stock units Exercised into 1,381 Common Stock shares on May 6, 2026
Post-transaction holdings 2,814 shares Common Stock directly held after reported transactions
Exercise price $0.00 per unit Stock unit award converted to Common Stock
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Stock Units financial
""security_title": "Stock Units""
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Stock Unit Award Agreement financial
"Shares reporting person received per Stock Unit Award Agreement."
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ffolkes Marie A

(Last)(First)(Middle)
P.O. BOX 696000

(Street)
SAN ANTONIO TEXAS 78269-6000

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
VALERO ENERGY CORP/TX [ VLO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction 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)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026M1,381A(1)3,325D
Common Stock05/06/2026D511D$239.262,814D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction 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 (Month/Day/Year)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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(1)05/06/2026M1,38105/06/202605/06/2026Common Stock1,381(1)0D
Explanation of Responses:
1. Shares reporting person received per Stock Unit Award Agreement.
Remarks:
/s/ Ethan A. Jones as Attorney-in-Fact for Marie A. Ffolkes05/07/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Valero (VLO) director Marie A. Ffolkes report?

Marie A. Ffolkes reported exercising 1,381 stock units into Valero common shares and disposing of 511 common shares to the issuer at $239.26 per share. These transactions are compensation-related and recorded as derivative exercise and disposition to the issuer.

How many Valero (VLO) shares does Marie A. Ffolkes hold after the reported Form 4?

After the reported transactions, Marie A. Ffolkes directly holds 2,814 shares of Valero common stock. This figure reflects her position following the exercise of stock units and the separate disposition of 511 shares back to the issuer on the same transaction date.

Were Marie A. Ffolkes’ Valero (VLO) transactions open-market buys or sells?

The filing shows no open-market buys or sells. It reports an exercise of 1,381 stock units into common stock and a disposition of 511 common shares to the issuer, categorized as a derivative exercise and an issuer disposition rather than market purchases or sales.

What does the stock unit exercise by Marie A. Ffolkes at Valero (VLO) represent?

The exercise of 1,381 stock units represents the conversion of a compensation-related stock unit award into the same number of Valero common shares at a stated price of $0.00. A footnote explains these shares were received under a Stock Unit Award Agreement.

What transaction codes are used in Marie A. Ffolkes’ Valero (VLO) Form 4?

Her Form 4 uses code M for the exercise or conversion of a derivative security covering 1,381 stock units and code D for the disposition to issuer of 511 common shares at $239.26 per share. These codes indicate non-market, issuer-related transactions.