Reymond Robert L 4
Research Summary
AI-generated summary
Valero (VLO) Director Robert L. Reymond Receives Stock Award
What Happened
- Robert L. Reymond, a director of Valero Energy Corp. (VLO), was granted 939 stock units (derivative securities) on 2026-05-07. The grant is reported as an award (Form 4 code A); no per-share price or immediate cash value is provided because these are stock units rather than open-market purchases.
Key Details
- Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the typical 2-business-day reporting window).
- Amount: 939 stock units (each unit represents a right to receive one share of common stock).
- Price/Value: N/A for the award itself on the filing.
- Vesting/holding: Units are scheduled to vest at Valero's 2027 annual meeting and are subject to a one-year hold requirement per the Stock Unit Award Agreement (footnote F1).
- Post-transaction holdings: Not specified in the provided summary of the filing.
Context
- This was a compensation award to a director, not an open-market purchase or sale. Such grants are common for board compensation and are subject to vesting and holding restrictions; they do not necessarily indicate personal buying or selling intent.