Valero (NYSE: VLO) COO Simmons reports gift of 768 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valero Energy EVP & COO Gary K. Simmons reported a gift of 768 shares of Valero common stock at a stated price of $0 per share. After this transaction, he directly beneficially owned 226,289 shares, not including 13,122.018 shares held indirectly in a thrift plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
768 shares gifted
Mixed
1 txn
Insider
Simmons Gary K.
Role
EVP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 768 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 226,289 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Valero Energy (VLO) report for Gary K. Simmons?
Valero Energy reported that EVP & COO Gary K. Simmons made a gift of 768 shares of Valero common stock. The transaction was coded "G", indicating a bona fide gift, with a stated price of $0 per share in the Form 4 filing.
What does transaction code G mean in the Valero (VLO) Form 4?
Transaction code "G" on the Valero Form 4 indicates a bona fide gift of securities. In this case, it reflects Gary K. Simmons transferring 768 Valero common shares without consideration, consistent with the reported per-share price of $0 in the filing.
Is Gary K. Simmons a major insider at Valero Energy (VLO)?
Yes. The Form 4 identifies Gary K. Simmons as an officer of Valero Energy, holding the title EVP & COO. This executive role makes him a reporting insider subject to Section 16 disclosure requirements for transactions in Valero common stock.
How are indirect Valero (VLO) holdings reported for Gary K. Simmons?
The Form 4 explains that the 226,289 directly owned shares do not include 13,122.018 Valero shares held indirectly in a thrift plan. These indirect holdings are noted separately in the footnote as being beneficially held through that company retirement plan.