Valero director converts 924 stock units to stock

Valero Energy director Robert L. Reymond exercised 924 stock units into common shares, bringing his direct holdings to about 1,375 shares.

Rhea-AI Filing Summary

VALERO ENERGY CORP/TX (VLO) director Robert L. Reymond reported the exercise of stock units into common stock. On September 18, 2026, he converted 924 stock units into 924 shares of common stock, increasing his directly held common shares to 1,374.85. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

924 shares exercised/converted

Exercise 2 txns

Insider Reymond Robert L

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Units F1	924	$0.00	$0.00
Exercise	Common Stock	924	$0.00	$0.00

Holdings After Transaction: Stock Units — 0 contracts (Direct); Common Stock — 1,374.85 shares (Direct)

Footnotes (1)

1. F1. Each stock unit represented a right to receive one share of common stock and vested pursuant to the terms of a Stock Unit Award Agreement.

Key Figures

Stock units exercised: 924 stock units Common shares acquired: 924 shares Direct holdings after transaction: 1,374.85 shares +2 more

5 metrics

Stock units exercised 924 stock units Exercised into common stock on September 18, 2026

Common shares acquired 924 shares Shares of Valero common stock received from stock unit conversion on September 18, 2026

Direct holdings after transaction 1,374.85 shares Directly owned Valero common stock following the September 18, 2026 transactions

Exercise price per share $0.00 Reported per-share price for the September 18, 2026 stock unit exercise

Derivative exercises reported 1 transaction, 924 underlying shares Summary of derivative security exercise activity in this Form 4

Key Terms

Stock Units, derivative security, Stock Unit Award Agreement

3 terms

Stock Units financial

"Each stock unit represented a right to receive one share of common stock"

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.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Stock Unit Award Agreement financial

"vested pursuant to the terms of a Stock Unit Award Agreement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Valero Energy (VLO) director Robert L. Reymond report?

Robert L. Reymond reported exercising 924 stock units into 924 shares of Valero Energy common stock on September 18, 2026, as part of a stock unit award agreement.

How many Valero Energy (VLO) shares does Robert L. Reymond hold after this Form 4?

After the September 18, 2026 transactions, Robert L. Reymond directly holds 1,374.85 shares of Valero Energy common stock, as reported in the Form 4.

Did the Valero Energy (VLO) director sell any common stock in this Form 4?

No. The Form 4 shows no sales of common stock. It reports the conversion of 924 stock units into 924 common shares, with the resulting direct ownership of 1,374.85 shares.

What type of derivative security did Robert L. Reymond exercise at Valero Energy (VLO)?

He exercised Stock Units, each representing the right to receive one share of Valero common stock, which vested under a Stock Unit Award Agreement, resulting in 924 common shares acquired.

Was Robert L. Reymond’s Valero (VLO) transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for these transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 04:23 PM Accepted by SEC EDGAR 09/21/2026 - 04:21 PM Learn about SEC filing dates

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

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^*

Reymond Robert L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2026		M		924	A	$0	1,374.85	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
Stock Units	(1)	09/18/2026		M			924	(1)	(1)	Common Stock	924	$0	0	D

Explanation of Responses:

1. Each stock unit represented a right to receive one share of common stock and vested pursuant to the terms of a Stock Unit Award Agreement.

Remarks:

	/s/ Ethan A. Jones as Attorney-in-Fact for Robert L. Reymond	09/21/2026
	** 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).
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)