WEISENBURGER RANDALL J 4
Research Summary
AI-generated summary
Valero (VLO) Director Randall Weisenburger Receives Stock Award
What Happened
Randall J. Weisenburger, a director of Valero Energy Corporation (VLO), was granted 939 stock units on May 7, 2026. Each stock unit represents a right to receive one share of common stock; no purchase price or immediate cash value was reported. This was an award/grant (derivative units), not an open-market purchase or sale.
Key Details
- Transaction type: Award/Grant of stock units (derivative) — Code A.
- Date of grant: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the required two business days).
- Quantity: 939 stock units; price/value: N/A (units convert to shares upon vesting).
- Vesting/Restrictions: Units are scheduled to vest at Valero’s 2027 annual meeting and are subject to a one-year mandatory hold per the Stock Unit Award Agreement (footnote).
- Shares owned after transaction: Not specified in the provided filing details.
Context
Stock unit grants to directors are a common form of compensation and represent future rights to company shares if vesting conditions are met; they do not indicate an immediate cash purchase or sale. The one-year hold after vesting is an additional restriction intended to align director incentives with longer-term shareholder interests.