Valero (VLO) director converts 1,381 stock units and transfers 511 shares to issuer

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Valero Energy director Kimberly S. Greene reported routine equity compensation activity involving company stock. She exercised 1,381 Stock Units, converting them into an equal number of Valero common shares at $0.00 per share 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 in a transaction coded as a disposition to the company, not an open-market sale. Following these transactions, she directly held 15,469 common shares of Valero Energy.

Insider Trade Summary

1,381 shares exercised/converted

Mixed 3 txns

Insider Greene Kimberly S,

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 — 15,980 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares exercised: 1,381 shares Disposition to issuer: 511 shares Disposition price: $239.26/share +2 more

5 metrics

Shares exercised 1,381 shares Stock Units converted to common stock on 2026-05-06

Disposition to issuer 511 shares Common stock returned to Valero at $239.26 per share

Disposition price $239.26/share Price for 511 common shares disposed to issuer

Post-transaction holdings 15,469 shares Valero common stock directly held after reported transactions

Exercise price $0.00/share Conversion of 1,381 Stock Units into common shares

Key Terms

Disposition to issuer, Stock Units, derivative security, Stock Unit Award Agreement

4 terms

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

Stock Units financial

""security_title": "Stock Units" in the derivative transaction entry"

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

"transaction_code_description: "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

"Footnote: "Shares reporting person received per Stock Unit Award Agreement.""

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:25 PM

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^*

Greene Kimberly S,

(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)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		M		1,381	A	⁽¹⁾	15,980	D
Common Stock	05/06/2026		D		511	D	$239.26	15,469	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Units	⁽¹⁾	05/06/2026		M			1,381	05/06/2026	05/06/2026	Common Stock	1,381	⁽¹⁾	0	D

Explanation of Responses:

1. Shares reporting person received per Stock Unit Award Agreement.

Remarks:

	/s/ Ethan A. Jones, as Attorney-in-Fact for Kimberly S. Greene	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Valero (VLO) director Kimberly S. Greene report?

Kimberly S. Greene reported exercising 1,381 Stock Units into common shares and disposing of 511 common shares back to Valero. These transactions represent routine equity compensation activity rather than open-market buying or selling of Valero Energy stock.

Did the Valero (VLO) director sell shares on the open market in this Form 4?

No, the filing shows a disposition of 511 Valero common shares to the issuer, coded as a transaction with the company. This is different from an open-market sale and typically reflects administrative or compensation-related activity rather than trading in the public market.

How many Valero (VLO) shares did the director acquire through exercising Stock Units?

The director acquired 1,381 Valero common shares by exercising 1,381 Stock Units at a price of $0.00 per share. This conversion reflects the settlement of equity-based compensation, turning stock units into directly held common shares of Valero Energy.

What was the price for the director’s disposition of Valero (VLO) shares?

The disposition to the issuer involved 511 Valero common shares at a price of $239.26 per share. This transaction was reported as a disposition to the company, indicating it was not an open-market sale but a company-related share transfer.

How many Valero (VLO) shares does the director hold after these transactions?

After completing the reported transactions, the director directly held 15,469 Valero common shares. This figure, disclosed in the Form 4, provides context for the scale of the disposition and exercise relative to her overall share position.

What does the Stock Unit Award Agreement mean in this Valero (VLO) filing?

The footnote explains that the shares were received under a Stock Unit Award Agreement. This means the director’s 1,381 Stock Units converted into the same number of Valero common shares as part of an equity compensation program rather than a cash purchase on the market.