Mullins Eric D. 4

What Happened
Eric D. Mullins, a director of Valero Energy Corp (VLO), exercised/converted 1,381 stock units (derivative code M) on 2026-05-06 and a matching amount—1,381 derivative shares—was reported disposed the same day. The filing does not list a per-share price or total dollar value for the transactions.

Key Details

• Transaction date: 2026-05-06 (Period of Report); Form filed 2026-05-07.
• Actions reported: Exercise/conversion of derivative (M) — 1,381 shares acquired; 1,381 derivative shares disposed.
• Price/value: Not disclosed in the filing (listed as N/A).
• Shares owned after transaction: Not stated in this filing.
• Footnote: F1 — "Shares reporting person received per Stock Unit Award Agreement."
• Timeliness: Filing appears timely (reported the day after the transaction); no late-filing flag shown.

Context
This filing reports a derivative exercise/conversion and a same-day disposition of the resulting shares. That pattern can reflect routine award vesting with immediate sale (for cashless exercise, tax withholding, or liquidity), but the filing itself gives no reason or price information. Mullins is reported as a director—this is insider activity by a board member (not a 10% owner by this filing). As always, such transactions are factual records of insider activity and should not be taken alone as a buy/sell recommendation.