Diaz Fred M 4

What Happened
Fred M. Diaz, a director of Valero Energy Corporation (VLO), received an award of 939 stock units (a derivative grant) on 2026-05-07. No purchase price or cash value is reported for the grant; the units represent rights to receive common shares rather than immediate share issuances. This is a compensation award (not a market purchase or sale) and does not by itself indicate a buy or sell decision.

Key Details

• Transaction date: 2026-05-07 (Grant/Award, code A — derivative security)
• Filing date (Form 4): 2026-05-11 (four days after the transaction)
• Shares/units granted: 939 stock units; price: N/A; total dollar value: N/A
• Shares owned after transaction: not reported in the provided filing details
• Footnote: Each stock unit equals the right to one share; units vest at Valero’s 2027 annual meeting and are subject to a one-year hold requirement per the Stock Unit Award Agreement (see footnote F1)

Context
Stock unit awards are a common part of director or executive compensation and typically vest over time; they become actual shares only when vested and any holding restrictions lapse. Because these are deferred/derivative units with a scheduled vest date and one-year hold, they are primarily compensation-related and less immediately informative about the insider’s view of near-term stock price movements.