Form 4: Valero Energy CEO R. Lane Riggs Reports Gift of 1,500 Common Shares
SEC Form 4 Filing
Valero Energy's CEO, R. Lane Riggs, reported a gift of 1,500 common stock shares on February 10, 2025, reducing his direct holdings to 322,441 shares.
Summary
- On February 12, 2025, a Form 4 filing with the SEC was submitted by Ethan A. Jones as Attorney-in-Fact for R. Lane Riggs, CEO and President of Valero Energy Corp/TX.
- The filing reports a transaction on February 10, 2025, where Riggs gifted 1,500 shares of common stock.
- The gift resulted in a decrease of Riggs' direct ownership to 322,441 shares of Valero Energy Corp/TX common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a gift of shares, which is a neutral event. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides investors with information about the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a personal transaction of the CEO and does not directly affect the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of the transaction (gift of common stock). |
| 02/12/2025 | Date of the Form 4 filing. |
Keywords
Form 4, SEC Filing, Beneficial Ownership, Valero Energy, R. Lane Riggs, Common Stock, Gift
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