Gary K. Simmons - 23 Feb 2023 Form 4 Insider Report for VALERO ENERGY CORP/TX (VLO)

Role: EVP & CCO
Signature: Ethan A. Jones, as Attorney-in-Fact for Gary K. Simmons
Issuer symbol: VLO
Transactions as of: 23 Feb 2023
Net transactions value: -$472,109
Form type: 4
Filing time: 24 Feb 2023, 15:20:25 UTC
Previous filing: 02 Feb 2023
Next filing: 24 Jul 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	+9,110	+5.3%	$0.000000	181,152	23 Feb 2023	Direct	F1
transaction	VLO	Common Stock	Tax liability	$472,109	-3,585	-2%	$131.69	177,567	23 Feb 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	+9,110		$0.000000	9,110	23 Feb 2023	Common Stock		$0.000000	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 177,567 amount does not include 11,941.112 shares indirectly held by the reporting person in a thrift plan.
F4	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.