Form 4: Valero Energy Corp Executive Gary K. Simmons Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & COO of Valero Energy Corp, Gary K. Simmons, reports a gift transaction involving common stock, resulting in an updated beneficial ownership.
Summary
- Gary K. Simmons, EVP & COO of Valero Energy Corp, filed a Form 4 to report changes in beneficial ownership of the company's stock.
- On February 10, 2025, Simmons gifted 1,040 shares of common stock.
- Following the transaction, Simmons directly owns 208,764 shares of Valero Energy Corp.
- This amount does not include 12,720.612 shares indirectly held by the reporting person in a Thrift Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock transaction. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock transactions are routinely monitored as indicators of management's confidence in the company's prospects. Gifts of stock can be part of estate planning or charitable giving strategies and don't necessarily reflect a negative outlook.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of the gift transaction involving 1,040 shares of common stock. |
| 02/12/2025 | Date of signature for the Form 4 filing. |
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