Bhullar Harminder S. 4

What Happened
Harminder S. Bhullar, SVP & CFO of Valero Energy (VLO), disposed of 839 shares as payment for tax liabilities tied to a compensation event (transaction code F). The disposition occurred in two tranches: 423 shares on 2026-02-22 at $199.89 ($84,555) and 416 shares on 2026-02-23 at $199.98 ($83,192), for a combined value of approximately $167,747. This type of transaction is a routine tax-withholding sale, not a typical open-market sale for investment purposes.

Key Details

• Transaction dates & prices:
  • 2026-02-22: 423 shares @ $199.89 = $84,555
  • 2026-02-23: 416 shares @ $199.98 = $83,192
• Total disposed: 839 shares, ~ $167,747 total value.
• Transaction code F = payment of exercise price or tax liability (shares withheld/sold to cover taxes).
• Filing date: 2026-02-24 — appears timely (filed within required reporting window).
• Shares owned after transaction: not shown in the provided excerpt; see the full Form 4 for post-transaction holdings.

Context
"F" transactions typically reflect share withholding or sale to satisfy tax obligations after an option exercise or RSU vesting (a cashless or sell-to-cover step). These sell-to-cover transactions are routine administrative actions and do not necessarily signal the insider's view on company prospects. For the underlying award or exercise details, check related company filings (e.g., any contemporaneous Form 4 entries with exercise codes).