Majoras Deborah P 4

What Happened

• Deborah P. Majoras, a director of Valero Energy Corp. (VLO), converted 1,381 stock units into common shares on 2026-05-06 (reported on 2026-05-07). Of those shares, 511 were disposed to the issuer at $239.26 per share, generating $122,262. The net result was an increase of 870 shares held by Majoras (1,381 acquired − 511 transferred).

Key Details

• Transaction date: 2026-05-06; filing date: 2026-05-07 (timely).
• Conversion/exercise (code M): 1,381 shares acquired via Stock Unit Award Agreement (footnote F1).
• Disposition to issuer (code D): 511 shares sold/transferred at $239.26 each, total proceeds $122,262.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote F1: shares were received under a Stock Unit Award Agreement.
• Transaction codes explained: M = exercise/conversion of derivative; D = disposition to issuer.

Context

• This was not an open-market purchase — Majoras received shares through a stock unit award (a form of compensation) and a portion was transferred back to the company. Dispositions to the issuer frequently reflect tax withholding or company share surrender following an award; the filing notes the shares came from a Stock Unit Award Agreement. This filing is informational and does not, by itself, indicate the insider’s market view.