[Form 4] VALERO ENERGY CORP/TX Insider Trading Activity

Rhea-AI Filing Summary

Valero Energy Corporation (VLO) reported an insider transaction by its Executive Vice President and Chief Financial Officer, Jason W. Fraser. On 11/21/2025, Fraser made a gift of 4,877 shares of common stock at a reported price of $0 and separately sold 9,933 shares of common stock at a price of $174.0199 per share. After these transactions, he beneficially owned 134,196 shares of Valero common stock, held directly.

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^*

Fraser Jason W.

(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)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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	11/21/2025		G		4,877	D	$0	144,129	D
Common Stock	11/21/2025		S		9,933	D	$174.0199	134,196	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

Explanation of Responses:

Remarks:

	/s/ Ethan A. Jones, as Attorney-in-Fact for Jason W. Fraser	11/24/2025
	** 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.

FAQ

What insider transaction did Valero (VLO) report in this Form 4?

The filing reports that Executive Vice President and Chief Financial Officer Jason W. Fraser made a gift of 4,877 shares of Valero common stock and sold 9,933 shares on 11/21/2025.

At what price did the Valero (VLO) CFO sell shares in this Form 4?

Jason W. Fraser sold 9,933 shares of Valero common stock at a price of $174.0199 per share on 11/21/2025.

How many Valero (VLO) shares did the CFO gift according to the Form 4?

The Form 4 shows that Jason W. Fraser made a gift of 4,877 shares of Valero common stock at a reported price of $0.

How many Valero (VLO) shares does the reporting person own after the transactions?

Following the reported transactions on 11/21/2025, Jason W. Fraser beneficially owned 134,196 shares of Valero common stock, held directly.

What is the relationship of the reporting person to Valero (VLO)?

The reporting person, Jason W. Fraser, is an officer of Valero Energy Corporation, serving as EVP & CFO.

Is this Valero (VLO) Form 4 filed for one reporting person or multiple?

The Form 4 is indicated as being filed by one reporting person, not a group filing.