Jason W. Fraser - Jan 16, 2025 Form 4 Insider Report for VALERO ENERGY CORP/TX (VLO)

Role: EVP & CFO
Signature: /s/ Ethan A. Jones, as Attorney-in-Fact for Jason W. Fraser
Stock symbol: VLO
Transactions as of: Jan 16, 2025
Transactions value $: -$3,374,747
Form type: 4
Date filed: 1/21/2025, 04:26 PM
Previous filing: Feb 26, 2024
Next filing: Feb 28, 2025

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLO	Common Stock	Options Exercise	$0	+13.5K	+10.46%	$0.00	142K	Jan 16, 2025	Direct
transaction	VLO	Common Stock	Options Exercise	$0	+11K	+7.72%	$0.00	153K	Jan 16, 2025	Direct
transaction	VLO	Common Stock	Options Exercise	$0	+10.6K	+6.92%	$0.00	164K	Jan 16, 2025	Direct
transaction	VLO	Common Stock	Tax liability	-$1.91M	-13.8K	-8.45%	$138.23	150K	Jan 16, 2025	Direct
transaction	VLO	Common Stock	Disposed to Issuer	-$1.46M	-10.6K	-7.07%	$138.23	139K	Jan 16, 2025	Direct

Showing 1 to 5 of 5 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VLO	Performance Shares	Options Exercise	$0	-7.06K	-100%	$0.00	0	Jan 16, 2025	Common Stock	13.5K	$0.00	Direct	F1
transaction	VLO	Performance Shares	Options Exercise	$0	-5.17K	-50%	$0.00	5.17K	Jan 16, 2025	Common Stock	11K	$0.00	Direct	F2
transaction	VLO	Performance Shares	Options Exercise	$0	-5.13K	-33.34%	$0.00	10.3K	Jan 16, 2025	Common Stock	10.6K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Settlement of previously granted performance share awards at 175% of base pursuant to terms of a Performance Share Agreement.
F2	Settlement of previously granted performance share awards at 200% of base pursuant to terms of a Performance Share Agreement.