Form 4: Valero Energy EVP Richard Joe Walsh Reports Stock Award and Tax Withholding

Richard Joe Walsh, EVP & GC of Valero Energy, reports the acquisition of 10,450 restricted common shares and the withholding of 4,113 shares for tax obligations on February 26, 2025.

Summary

• On February 26, 2025, Richard Joe Walsh, EVP & GC of Valero Energy Corp, reported transactions involving Valero Energy common stock.
• Walsh acquired 10,450 restricted common shares subject to time vesting.
• 4,113 shares were withheld to satisfy tax obligations related to restricted stock holdings at a price of $131.1999.
• Following these transactions, Walsh directly owns 91,597 shares of Valero Energy common stock.
• Walsh also indirectly holds 18,366.498 shares in a Thrift Plan, which are not included in the direct ownership amount.
• Additionally, Walsh was awarded 10,450 performance shares that vest annually in one-third increments beginning in January 2026, payable in common stock in amounts ranging from zero to 200 percent of the performance shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider ownership, which can be seen as a positive sign of alignment with shareholder interests. There are no overtly negative aspects presented.

Positives

• The acquisition of restricted common shares and performance shares indicates confidence in Valero Energy's future performance.

Future Outlook

The performance shares vest annually in one-third increments beginning in January 2026, payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares and as otherwise set forth in the agreement.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates ongoing equity-based compensation for Valero Energy's executives.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies, including Valero's peers like ExxonMobil (XOM), Chevron (CVX), and Marathon Petroleum (MPC).
• The vesting schedules and performance-based components are typical features of executive compensation packages designed to align management's interests with shareholder value.
• The amounts of shares awarded and withheld for taxes are specific to the individual's compensation agreement and tax situation.

Stakeholder Impact

• Shareholders may view the insider's stock ownership as a positive sign of alignment with their interests.
• Employees may see the equity compensation as a reflection of the company's commitment to its leadership.

Key Dates