R. Lane Riggs - 23 Feb 2023 Form 4 Insider Report for VALERO ENERGY CORP/TX (VLO)

Role: President & COO
Signature: Ethan A. Jones, as Attorney-in-Fact for R. Lane Riggs
Issuer symbol: VLO
Transactions as of: 23 Feb 2023
Net transactions value: -$2,373,449
Form type: 4
Filing time: 24 Feb 2023, 15:18:30 UTC
Previous filing: 02 Feb 2023
Next filing: 28 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLO	Common Stock	Award	$0	+22,030	+8.3%	$0.000000	286,318	23 Feb 2023	Direct	F1
transaction	VLO	Common Stock	Tax liability	$1,837,339	-13,952	-4.9%	$131.69	272,366	23 Feb 2023	Direct	F2
transaction	VLO	Common Stock	Disposed to Issuer	$536,110	-4,071	-1.5%	$131.69	268,295	23 Feb 2023	Direct

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	+22,030		$0.000000	22,030	23 Feb 2023	Common Stock		$0.000000	Direct	F3

* 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 performance shares vest annually in one-third increments beginning in Feb. 2024, payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares pursuant to the terms of a Performance Share Agreement.