Ffolkes Marie A 4

What Happened

• Marie A. Ffolkes, a director of Valero Energy Corp (VLO), converted/exercised 1,381 stock units into 1,381 common shares on 2026-05-06. Of those shares, 511 were surrendered to the issuer to cover tax withholding at $239.26 per share, totaling $122,262. Net shares retained by Ffolkes after withholding were 870 (1,381 − 511). This was a conversion/award settlement, not an open-market purchase or active sale.

Key Details

• Transaction date: 2026-05-06; Form 4 filed 2026-05-07 (timely).
• Actions recorded: M (exercise/conversion of derivative/stock unit) — 1,381 shares; D (disposition to issuer for tax withholding) — 511 shares at $239.26, proceeds/withholding value $122,262.
• Net shares retained (calculated): 870 shares.
• Footnote: F1 — Shares received pursuant to a Stock Unit Award Agreement (i.e., award conversion).
• Shares owned after the transaction: not disclosed in the provided filing details.

Context

• This appears to be a routine vesting/conversion of a stock unit award with shares withheld to satisfy tax obligations (common practice). Withholding to cover taxes is not the same as an open-market sale and is generally considered administrative rather than a signal of insider sentiment.