Ffolkes Marie A 4

What Happened

• Marie A. Ffolkes, a member of Valero Energy Corp.'s board of directors, received a grant of 939 stock units on May 7, 2026. These are derivative stock units (not open-market shares) that represent a right to receive one share of common stock per unit when they vest. No dollar price or immediate cash value was reported for the award.

Key Details

• Transaction date: 2026-05-07 (Form 4 filed 2026-05-11; filing appears timely).
• Transaction type/code: Award/Grant (A) of 939 stock units (derivative).
• Price/Value: N/A — no per-share price or total value reported in the filing.
• Vesting and restrictions: Footnote states each stock unit converts to one share and is scheduled to vest at Valero's 2027 annual meeting; subject to a one-year hold requirement per the Stock Unit Award Agreement.
• Shares owned after transaction: Not specified in the excerpt provided.
• No indication of a 10b5-1 plan, sale, purchase, tax withholding, or late filing in the reported details.

Context

• These stock units are deferred equity awards commonly granted to directors as compensation; they are not an immediate purchase or sale and will convert to shares only if/when vesting conditions are met.
• Because no price or immediate transfer occurred, the grant is a non-cash compensation event rather than a market transaction indicating buying or selling pressure.