Jason W. Fraser - Jan 20, 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
Stock symbol
VLO
Transactions as of
Jan 20, 2022
Transactions value $
-$1,467,135
Form type
4
Date filed
1/24/2022, 05:12 PM
Previous filing
Nov 1, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLO Common Stock Options Exercise $0 +4.28K +4.84% $0.00 92.7K Jan 20, 2022 Direct
transaction VLO Common Stock Options Exercise $0 +5.56K +5.99% $0.00 98.3K Jan 20, 2022 Direct
transaction VLO Common Stock Options Exercise $0 +6.56K +6.68% $0.00 105K Jan 20, 2022 Direct
transaction VLO Common Stock Options Exercise $0 +8.92K +8.5% $0.00 114K Jan 20, 2022 Direct
transaction VLO Common Stock Tax liability -$833K -10K -8.82% $83.03 104K Jan 20, 2022 Direct
transaction VLO Common Stock Disposed to Issuer -$634K -7.64K -7.37% $83.03 96.1K Jan 20, 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 -2.15K -100% $0.00* 0 Jan 20, 2022 Common Stock 4.28K $0.00 Direct F1
transaction VLO Performance Shares Options Exercise $0 -4.06K -50% $0.00 4.06K Jan 20, 2022 Common Stock 5.56K $0.00 Direct F2
transaction VLO Performance Shares Options Exercise $0 -5.05K -50% $0.00 5.05K Jan 20, 2022 Common Stock 6.56K $0.00 Direct F3
transaction VLO Performance Shares Options Exercise $0 -8.51K -33.34% $0.00 17K Jan 20, 2022 Common Stock 8.92K $0.00 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.