Joseph W. Gorder - Feb 23, 2023 Form 4 Insider Report for VALERO ENERGY CORP/TX (VLO)

Role
COB & CEO, Director
Signature
/s/ Ethan A. Jones as Attorney-in-Fact for Joseph W. Gorder
Stock symbol
VLO
Transactions as of
Feb 23, 2023
Transactions value $
-$2,432,446
Form type
4
Date filed
2/24/2023, 03:13 PM
Previous filing
Feb 2, 2023
Next filing
Aug 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLO Common Stock Award $0 +46.9K +7.91% $0.00 640K Feb 23, 2023 Direct F1
transaction VLO Common Stock Tax liability -$2.43M -18.5K -2.88% $131.69 622K Feb 23, 2023 Direct F2, F3

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 Award $0 +46.9K $0.00 46.9K Feb 23, 2023 Common Stock $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted common shares subject to time vesting.
F2 Shares withheld to satisfy tax obligation for restricted stock holdings.
F3 The 621,872 amount does not include 4,111.187 shares indirectly held by the reporting person in a thrift plan.
F4 Performance shares vest in one-third increments beginning in Feb. 2024, payable in shares of common stock ranging from zero to 200 percent of the performance shares pursuant to a Performance Share Agreement.