Valero Energy (VLO) SVP Eric A. Fisher reports share grants and sales

Rhea-AI Filing Summary

Valero Energy (VLO) senior vice president Eric A. Fisher reported multiple equity transactions dated January 21, 2026. Previously awarded performance shares were settled into common stock through several transactions coded "M," resulting in acquisitions of 3,861, 262, 4,792, and 4,158 shares of Valero common stock at an exercise price of $0 per share.

On the same date, Fisher disposed of 5,190 shares in a transaction coded "F" and 3,941 shares in a transaction coded "D," both at a price of $190.33 per share. After these transactions, he directly held 46,921 shares of common stock, which does not include 1,083.877 shares held in a thrift plan and 400 shares held through family trusts.

SEC Form 4

FORM 4

UNITED 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

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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^*

Fisher Eric A

(Last) (First) (Middle)

P.O. BOX 696000

(Street)

SAN ANTONIO TX 78269-6000

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VALERO ENERGY CORP/TX [ VLO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/21/2026		M		3,861	A	$0	46,840	D
Common Stock	01/21/2026		M		262	A	$0	47,102	D
Common Stock	01/21/2026		M		4,792	A	$0	51,894	D
Common Stock	01/21/2026		M		4,158	A	$0	56,052	D
Common Stock	01/21/2026		F		5,190	D	$190.33	50,862	D
Common Stock	01/21/2026		D		3,941	D	$190.33	46,921(1)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Shares	$0	01/21/2026		M			2,066	(2)	(2)	Common Stock	3,861	$0	0	D
Performance Shares	$0	01/21/2026		M			140	(2)	(2)	Common Stock	262	$0	0	D
Performance Shares	$0	01/21/2026		M			2,290	(3)	(3)	Common Stock	4,792	$0	2,290	D
Performance Shares	$0	01/21/2026		M			2,707	(4)	(4)	Common Stock	4,158	$0	5,413	D

Explanation of Responses:

1. The 46,921 amount does not include 1,083.877 shares indirectly held by the reporting person in a thrift plan or 400 shares indirectly held by the reporting person by family trusts.

2. Settlement of previously awarded performance shares at 175% of base pursuant to terms of a Performance Share Agreement.

3. Settlement of previously awarded performance shares at 200% of base pursuant to terms of a Performance Share Agreement.

4. Settlement of previously awarded performance shares at 150% of base pursuant to terms of a Performance Share Agreement.

Remarks:

	/s/ Ethan A. Jones as Attorney-in-Fact for Eric A. Fisher	01/23/2026
	** 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).
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FAQ

What insider activity did Valero (VLO) SVP Eric A. Fisher report on January 21, 2026?

Eric A. Fisher, a senior vice president of Valero Energy, reported several equity transactions dated January 21, 2026, including the settlement of performance shares into common stock and subsequent dispositions of common shares.

How many Valero (VLO) common shares did Eric A. Fisher acquire from performance share settlements?

On January 21, 2026, Fisher acquired Valero common stock through transactions coded "M" totaling 3,861, 262, 4,792, and 4,158 shares, each at an exercise price of $0 per share pursuant to performance share settlements.

What Valero (VLO) shares did Eric A. Fisher dispose of, and at what price?

Fisher disposed of 5,190 Valero common shares in a transaction coded "F" and 3,941 shares in a transaction coded "D" on January 21, 2026, both at a reported price of $190.33 per share.

How many Valero (VLO) shares does Eric A. Fisher hold after these transactions?

Following the reported transactions, Fisher directly held 46,921 Valero common shares. This amount does not include 1,083.877 shares held in a thrift plan or 400 shares held through family trusts.

What do the performance share footnotes in Eric A. Fisher’s Valero (VLO) Form 4 indicate?

The footnotes state that the transactions coded "M" reflect settlement of previously awarded performance shares at 175%, 200%, and 150% of base, pursuant to the terms of Performance Share Agreements.

Is Eric A. Fisher a director or a 10% owner of Valero (VLO)?

According to the filing, Fisher is reported as an officer of Valero Energy with the title SVP and is not identified as a director or a 10% owner.