Mullins Eric D. 4

What Happened
Eric D. Mullins, a director of Valero Energy Corporation (VLO), was granted 939 stock units on May 7, 2026. These units are derivative awards (each stock unit is a right to receive one share of common stock) rather than an open-market purchase; the filing does not disclose a per-share price or total dollar value.

Key Details

• Transaction date: 2026-05-07 (Form 4 filed 2026-05-11 — filing was timely).
• Award type/code: A (grant/award) — derivative stock units, not direct share purchase.
• Quantity: 939 stock units. Price/value: N/A (not disclosed on the filing).
• Vesting/holding: Units are scheduled to vest at Valero’s 2027 annual meeting of stockholders and are subject to a one-year hold requirement under the Stock Unit Award Agreement.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
Stock unit grants to directors are a common form of compensation and represent a deferred right to receive shares if vesting conditions are met; they do not indicate an immediate buy or sell decision. Because these units vest in 2027 and carry a one-year hold, any eventual share receipt and sale would occur later and be reported separately.