Form 4: Valero Energy Corp Director Acquires Stock Units

Robert Profusek, a director at Valero Energy Corp, acquired 1,381 stock units on May 15, 2024, which vest in one year.

Summary

• Robert Profusek, a director of Valero Energy Corp, filed a Form 4 on May 17, 2024.
• The form reports a transaction that occurred on May 15, 2024, where Profusek acquired 1,381 stock units.
• Each stock unit represents a right to receive one share of Valero Energy Corp common stock.
• The stock units are scheduled to vest in one year, subject to a one-year hold requirement per the terms of a Stock Unit Award Agreement.
• Following the transaction, Profusek directly owns 1,381 stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock units by a director is generally viewed as a positive, but it's a routine occurrence.

Positives

• The acquisition of stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The stock units are scheduled to vest in one year, subject to a one-year hold requirement.

Industry Context

This is a routine disclosure of a director's stock unit acquisition, common in publicly traded companies to align management interests with shareholders.

Stakeholder Impact

• The acquisition of stock units by a director can positively influence shareholder sentiment.

Key Dates