Director at Valero (NYSE: VLO) exercises 1,381 stock units, returns 511 shares

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Valero Energy director Paulett Eberhart reported routine equity compensation activity involving company stock. Eberhart exercised stock units tied to an award agreement to receive 1,381 shares of Valero common stock and, on the same date, returned 511 common shares to the issuer at $239.26 per share. After these transactions, Eberhart directly held 15,664 shares of Valero common stock, with no remaining reported stock units outstanding. The mix of a derivative exercise and a disposition to the issuer reflects compensation-related adjustments rather than an open-market trade.

Insider Trade Summary

1,381 shares exercised/converted

Mixed 3 txns

Insider EBERHART PAULETT

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 — 16,175 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares disposed to issuer: 511 shares Disposition price: $239.26 per share Shares from stock unit exercise: 1,381 shares +3 more

6 metrics

Shares disposed to issuer 511 shares Common Stock disposition to issuer at $239.26 on May 6, 2026

Disposition price $239.26 per share Price for 511 Common Stock shares returned to issuer

Shares from stock unit exercise 1,381 shares Common Stock received via exercise of stock units on May 6, 2026

Stock units exercised 1,381 stock units Derivative Stock Units converted into Common Stock at $0.00 exercise price

Shares held after transactions 15,664 shares Direct Valero Common Stock holdings after May 6, 2026 activity

Exercise price per stock unit $0.00 per unit Conversion or exercise price for 1,381 Stock Units into Common Stock

Key Terms

Disposition to issuer, Exercise or conversion of derivative security, Stock Units, Stock Unit Award Agreement, +1 more

5 terms

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."

Form 4 regulatory

"INSIDER FILING DATA (Form 4): {"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:21 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^*

EBERHART PAULETT

(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⁾	16,175	D
Common Stock	05/06/2026		D		511	D	$239.26	15,664	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 H. Paulett Eberhart	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 did Valero (VLO) director Paulett Eberhart report in this Form 4?

Paulett Eberhart reported exercising stock units to receive 1,381 Valero common shares and returning 511 shares to the issuer at $239.26 per share. These actions reflect compensation-related equity adjustments rather than an open-market stock purchase or sale.

How many Valero (VLO) shares does Paulett Eberhart hold after these transactions?

Following the reported transactions, Paulett Eberhart directly holds 15,664 shares of Valero common stock. This figure comes from the post-transaction ownership line on the Form 4 and represents her direct equity position after the exercise and disposition events.

Were Paulett Eberhart’s Valero (VLO) transactions open-market buys or sells?

The filing shows no open-market purchases or sales. Instead, Eberhart exercised stock units to receive 1,381 common shares and disposed of 511 shares back to the issuer. Both transactions are coded as compensation-related events, not market trades with outside investors.

What does the disposition of 511 Valero (VLO) shares to the issuer mean?

The disposition of 511 shares is coded as a "Disposition to issuer," meaning the shares were returned directly to Valero rather than sold on the open market. Such transactions often relate to equity plan mechanics, separate from normal trading activity in the company’s stock.

What is the significance of the 1,381 Valero (VLO) stock units exercised by Eberhart?

Eberhart exercised 1,381 stock units, converting them into an equal number of Valero common shares at a stated price of $0.00 per unit. A footnote explains these shares were received under a Stock Unit Award Agreement, indicating they stem from prior equity compensation rather than new market purchases.