Jason W. Fraser - 20 Jan 2022 Form 4 Insider Report for VALERO ENERGY CORP/TX (VLO)

Role
EVP & CFO
Signature
Ethan A. Jones, as Attorney-in-Fact for Jason W. Fraser
Issuer symbol
VLO
Transactions as of
20 Jan 2022
Net transactions value
-$1,467,135
Form type
4
Filing time
24 Jan 2022, 17:12:40 UTC
Previous filing
01 Nov 2021
Next filing
24 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLO Common Stock Options Exercise $0 +4,282 +4.8% $0.000000 92,716 20 Jan 2022 Direct
transaction VLO Common Stock Options Exercise $0 +5,555 +6% $0.000000 98,271 20 Jan 2022 Direct
transaction VLO Common Stock Options Exercise $0 +6,564 +6.7% $0.000000 104,835 20 Jan 2022 Direct
transaction VLO Common Stock Options Exercise $0 +8,916 +8.5% $0.000000 113,751 20 Jan 2022 Direct
transaction VLO Common Stock Tax liability $832,907 -10,032 -8.8% $83.02 103,719 20 Jan 2022 Direct
transaction VLO Common Stock Disposed to Issuer $634,228 -7,639 -7.4% $83.02 96,080 20 Jan 2022 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 Options Exercise $0 -2,150 -100% $0.000000* 0 20 Jan 2022 Common Stock 4,282 $0.000000 Direct F1
transaction VLO Performance Shares Options Exercise $0 -4,060 -50% $0.000000 4,060 20 Jan 2022 Common Stock 5,555 $0.000000 Direct F2
transaction VLO Performance Shares Options Exercise $0 -5,050 -50% $0.000000 5,050 20 Jan 2022 Common Stock 6,564 $0.000000 Direct F3
transaction VLO Performance Shares Options Exercise $0 -8,514 -33% $0.000000 17,026 20 Jan 2022 Common Stock 8,916 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of previously awarded performance shares at 175% of base pursuant to terms of a Performance Share Agreement.
F2 Settlement of previously awarded performance shares at 125% of base pursuant to terms of a Performance Share Agreement.
F3 Settlement of previously awarded performance shares at 118.75% of base pursuant to terms of a Performance Share Agreement.
F4 Settlement of previously awarded performance shares at 100% of base shares pursuant to terms of a Performance Share Agreement.