EBERHART PAULETT 4

What Happened
Paulett, a director of Valero Energy Corporation (VLO), was granted 939 stock units (derivative award) on May 7, 2026. The award is reported as an "A" (grant/award); no purchase price or immediate cash value is reported (price = N/A). This was an equity grant (compensation), not a purchase or sale.

Key Details

• Transaction date: 2026-05-07; transaction type: Grant/Award (Code A); amount: 939 stock units.
• Price/value: N/A (stock units — no dollar amount reported in the filing).
• Shares owned after transaction: not stated in the filing.
• Footnote: Each stock unit equals the right to receive one share of common stock. 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.
• Filing: Report filed 2026-05-11; this appears to be timely (filed within the Form 4 reporting window).

Context
Stock units are deferred compensation that convert to common shares upon vesting; they do not represent an immediate open‑market purchase or sale. Director equity awards are common as part of compensation and are not, by themselves, a direct signal of buying or selling intentions.